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The registration reinforces PhotonPay’s regulatory foundation for payment activities in Canada, with requirements covering operational risk management, incident response and the safeguarding of end-user funds.

HONG KONG SAR – Media OutReach Newswire – 10 November 2025 – PhotonPay today announced that its Canadian operating entity, Photon Dance CA Inc., is now registered with the Bank of Canada as a payment service provider (PSP) under Canada’s Retail Payment Activities Act (RPAA). The entity was previously registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business (MSB). The RPAA registration further strengthens PhotonPay’s regulatory foundation in Canada and supports its continued development of local financial services across North America.

The RPAA establishes a federal framework for the registration and supervision of PSPs conducting specified retail payment activities in Canada. Administered by the Bank of Canada, it sets requirements for operational risk management, incident response and regulatory reporting. PSPs that hold end-user funds are also required to implement measures to safeguard those funds, strengthening oversight and accountability across Canada’s retail payments ecosystem.

The Canadian registration adds to PhotonPay’s broader regulatory presence across North America. In the United States, PhotonPay is registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN) and holds money transmitter licenses across multiple U.S. states. Across the Americas, Europe and Asia, PhotonPay holds 35 payment licenses, regulatory authorizations and registrations, reflecting the regulatory breadth behind its operations across key financial markets.

For PhotonPay, building a global financial operating system requires more than connecting payment capabilities across markets. It also means developing the local regulatory and financial infrastructure needed to support those capabilities in each jurisdiction. As businesses expand internationally, their financial operations increasingly span different account structures, payment systems, currencies and regulatory environments. Bringing these functions together requires infrastructure that can address local market requirements while giving businesses a more unified way to manage their global finances.

This is the vision behind PhotonPay’s next-generation Financial OS. Through an integrated, API-first architecture, PhotonPay brings together multi-asset wallets, local collections, global payouts, foreign exchange, card issuing and embedded finance. By supporting both fiat currencies and stablecoins within its broader financial infrastructure, the platform connects traditional payment rails with emerging digital-asset capabilities, helping businesses manage increasingly complex financial operations across markets.

“Global financial infrastructure must be designed around the realities of the markets it serves. Regulatory frameworks, payment systems and the responsibilities involved in handling funds differ across jurisdictions, and these differences need to be accounted for at the infrastructure level,” said JP Pi, Global Chief Compliance Officer at PhotonPay. “Our approach is to build a Financial OS that brings together global capabilities while respecting the regulatory and operational requirements of each local market. The RPAA registration is another step in putting that approach into practice, as we continue developing infrastructure to support businesses operating across an increasingly interconnected financial landscape.”

Hashtag: #PhotonPay

https://www.photonpay.com

The issuer is solely responsible for the content of this announcement.

About PhotonPay

Founded in Hong Kong in 2015, PhotonPay is a global fintech company building a next-generation, stablecoin-centric Financial Operating System (Financial OS). Its API-first architecture brings together multi-asset wallets supporting stablecoins and fiat currencies, global money movement, foreign exchange, global card issuing, embedded finance, and local clearing infrastructure, connecting digital and traditional financial rails within an integrated financial system.

PhotonPay operates 16 offices worldwide, employs nearly 600 people, and holds 35 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia. The company serves businesses across more than 200 countries and territories.

For more information, visit www.photonpay.com.

The registration reinforces PhotonPay’s regulatory foundation for payment activities in Canada, with requirements covering operational risk management, incident response and the safeguarding of end-user funds.

HONG KONG SAR – Media OutReach Newswire – 10 November 2025 – PhotonPay today announced that its Canadian operating entity, Photon Dance CA Inc., is now registered with the Bank of Canada as a payment service provider (PSP) under Canada’s Retail Payment Activities Act (RPAA). The entity was previously registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business (MSB). The RPAA registration further strengthens PhotonPay’s regulatory foundation in Canada and supports its continued development of local financial services across North America.

The RPAA establishes a federal framework for the registration and supervision of PSPs conducting specified retail payment activities in Canada. Administered by the Bank of Canada, it sets requirements for operational risk management, incident response and regulatory reporting. PSPs that hold end-user funds are also required to implement measures to safeguard those funds, strengthening oversight and accountability across Canada’s retail payments ecosystem.

The Canadian registration adds to PhotonPay’s broader regulatory presence across North America. In the United States, PhotonPay is registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN) and holds money transmitter licenses across multiple U.S. states. Across the Americas, Europe and Asia, PhotonPay holds 35 payment licenses, regulatory authorizations and registrations, reflecting the regulatory breadth behind its operations across key financial markets.

For PhotonPay, building a global financial operating system requires more than connecting payment capabilities across markets. It also means developing the local regulatory and financial infrastructure needed to support those capabilities in each jurisdiction. As businesses expand internationally, their financial operations increasingly span different account structures, payment systems, currencies and regulatory environments. Bringing these functions together requires infrastructure that can address local market requirements while giving businesses a more unified way to manage their global finances.

This is the vision behind PhotonPay’s next-generation Financial OS. Through an integrated, API-first architecture, PhotonPay brings together multi-asset wallets, local collections, global payouts, foreign exchange, card issuing and embedded finance. By supporting both fiat currencies and stablecoins within its broader financial infrastructure, the platform connects traditional payment rails with emerging digital-asset capabilities, helping businesses manage increasingly complex financial operations across markets.

“Global financial infrastructure must be designed around the realities of the markets it serves. Regulatory frameworks, payment systems and the responsibilities involved in handling funds differ across jurisdictions, and these differences need to be accounted for at the infrastructure level,” said JP Pi, Global Chief Compliance Officer at PhotonPay. “Our approach is to build a Financial OS that brings together global capabilities while respecting the regulatory and operational requirements of each local market. The RPAA registration is another step in putting that approach into practice, as we continue developing infrastructure to support businesses operating across an increasingly interconnected financial landscape.”

Hashtag: #PhotonPay

https://www.photonpay.com

The issuer is solely responsible for the content of this announcement.

About PhotonPay

Founded in Hong Kong in 2015, PhotonPay is a global fintech company building a next-generation, stablecoin-centric Financial Operating System (Financial OS). Its API-first architecture brings together multi-asset wallets supporting stablecoins and fiat currencies, global money movement, foreign exchange, global card issuing, embedded finance, and local clearing infrastructure, connecting digital and traditional financial rails within an integrated financial system.

PhotonPay operates 16 offices worldwide, employs nearly 600 people, and holds 35 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia. The company serves businesses across more than 200 countries and territories.

For more information, visit www.photonpay.com.

Google announced on 4 November that it would invest the money during 2027 and 2028, developing data centre campuses alongside clean energy, water security and workforce programmes. The commitment comes as parent company Alphabet forecasts capital expenditure of $195 billion to $205 billion for 2026 and a further significant increase next year.

The scale of those commitments is central to the debate surrounding Alphabet shares. Demand for AI computing is accelerating, but building capacity requires substantial upfront expenditure on servers, specialised chips, electricity and facilities. Higher depreciation and operating costs could put pressure on profitability before the investments generate their expected returns.

Alphabet has not disclosed how the Malaysian commitment will be divided between its various projects or how much represents spending already incorporated into its group forecasts. The $15 billion therefore cannot simply be added to its published capital expenditure guidance as an entirely separate obligation.

The company’s third-quarter results nevertheless demonstrate the commercial opportunities supporting its investment programme. Revenue rose 25 per cent to $127.6 billion in the three months ended September, while Google Cloud revenue increased 103 per cent to $30.7 billion. Alphabet reported net income of $26.2 billion and an operating margin of 31.8 per cent.

Management has said cloud demand is stretching available computing capacity. It expects sales of its tensor processing unit systems to expand further in 2027, although using third-party computing resources to bridge supply shortages is expected to weigh on cloud margins in the nearer term.

Alphabet’s financial disclosures show that capital expenditure reached $132 billion during the first nine months of 2026, compared with $63.6 billion in the corresponding period of 2025. Depreciation on property and equipment increased to $22 billion from $15.1 billion over the same periods, illustrating how infrastructure investment is already affecting expenses.

The company also disclosed $130.5 billion in future payments associated with leases not yet commenced, primarily involving data centres and energy infrastructure. Those commitments extend across multiple years and are distinct from the cash capital expenditure recorded during the reporting period.

Google’s Malaysian programme includes additional campuses in Selangor and Negeri Sembilan. Its first campus at Elmina Business Park in Selangor is already operating, while computing capacity there will support a planned Google Cloud region serving enterprise customers.

Ruth Porat, president and chief investment officer of Alphabet and Google, said the expansion would provide computing capacity while adding local power and water resources as operations grow. Google said it would pay for all electricity consumed by its campuses and the direct costs of connecting them to the grid.

The company plans to enable more than one gigawatt of additional clean energy capacity on Malaysia’s national grid. Its initiatives include collaboration with Tenaga Nasional Berhad on new generation projects and exploration of electricity supplies capable of meeting demand throughout the day.

Malaysia’s government has welcomed the investment while emphasising the need for domestic economic benefits. Digital Minister Gobind Singh Deo said on 5 November that he had invited Google to explore further cooperation on AI-enabled cities and AI safety, including support for the Malaysian AI Safety Institute. Details of any additional partnership remain pending.

Google estimates that construction of the new campuses during 2027 and 2028 will contribute an annual average of $1.1 billion to Malaysia’s gross domestic product and support more than 37,000 jobs each year. These are company projections rather than employment or economic outcomes already achieved.

Once operational, the facilities are projected to support more than 9,000 jobs annually, including employment connected to local suppliers and services. Google is working with more than 80 Malaysian entities across construction, engineering, logistics and other activities.

Water management is another element of the expansion. Google has announced river basin restoration initiatives and rainwater harvesting systems for four schools in Selangor. It says independent specialists will audit the water benefits, while site-level consumption figures will be disclosed through environmental reporting.

The company has also outlined four training programmes intended to reach approximately 800,000 people between 2027 and 2031. They cover educators, small businesses, public-sector workers and vocational trainees, including planned data centre training institutes at selected polytechnics in Selangor and Negeri Sembilan.

The draft red herring prospectus, dated 6 November, was submitted to the Securities and Exchange Board of India. The proposed initial public offering comprises entirely existing shares offered by promoter Hindustan Coca-Cola Overseas Holdings Pte Ltd, rather than newly issued equity.

The maximum sale covers 997,461,456 shares with a face value of Rs 10 each. Because the transaction is structured as an offer for sale, Hindustan Coca-Cola Holdings will receive none of the proceeds. The money raised, after applicable expenses, will accrue to the selling shareholder.

The company proposes listing its shares on the BSE and National Stock Exchange. The draft documents do not establish the final offer price, valuation or subscription dates. Those details will depend on subsequent regulatory and transaction processes.

Coca-Cola said in June that it was exploring a possible listing in 2027. Its president and chief financial officer, John Murphy, reiterated during the company’s September-quarter earnings discussions that the group was examining a potential flotation and would provide updates when appropriate.

The proposed transaction forms part of Coca-Cola’s strategy of reducing direct ownership of bottling assets while concentrating more resources on brands, marketing and other activities. The flotation would provide a route for the parent group to reduce its economic exposure without requiring the operating business to issue additional shares.

Hindustan Coca-Cola Holdings is the parent of Hindustan Coca-Cola Beverages, which manufactures and distributes drinks across selected territories. Coca-Cola retains a 60% interest in the holding company through its overseas holding entity, while Jubilant Beverages owns 40%, following an investment in the bottling business.

The offering is expected to reduce the promoter’s stake, although the precise ownership structure after listing will depend on the final sale and related disclosures. The filing gives investors a first detailed view of the financial and operating performance of the business being brought to market.

For the quarter ended 30 June 2026, revenue from operations in the company’s retained business units rose 20.46% from a year earlier to Rs 4,310.17 crore. Sales volumes increased 18.61% over the corresponding period, according to figures disclosed in the offering documents.

The earnings before interest, tax, depreciation and amortisation margin, excluding other income and exceptional items, improved to 17.20%, compared with 13.76% a year earlier. The figures reflect the retained operations after transfers of certain territories to other bottling partners, making comparisons with earlier group-wide results less straightforward.

For the financial year ended March 2026, the business reported revenue of approximately Rs 11,663 crore. Its draft prospectus also identifies concentration in several territories and dependence on Coca-Cola group companies for beverage concentrates among the principal commercial risks facing the operation.

Five territories accounted for 75.63% of operating revenue during the financial year, underscoring the importance of regional demand and distribution performance. The company’s business remains tied to licensing arrangements, concentrate supplies and the continued availability of the brands it bottles and sells.

As of 30 June, the bottler operated 14 owned production facilities and worked with eight co-packing units. Its manufacturing system included 90 bottling lines and 23 warehouses, with annual installed capacity of approximately 1,291 million unit cases at its owned plants.

Its distribution arrangements extended to about 1.7 million retail outlets through 2,273 distributors. The portfolio comprised 41 beverages spanning carbonated soft drinks, packaged water, juices and other non-alcoholic products, including Thums Up, Maaza and Kinley.

The prospectus identifies the company as Coca-Cola’s largest bottling operator in India by concentrate volume, accounting for approximately 38.53% of concentrate sales in its territories during the financial year. Other territories are served by separate bottling partners.

The proposed shares will be offered through a book-building process, with allocations among qualified institutional buyers, non-institutional investors and retail applicants governed by securities regulations. Regulatory review of the draft prospectus is a step towards the flotation, rather than approval of a final issue price or a guarantee that the transaction will proceed.

Seven investment banking firms have been appointed as book-running lead managers: Kotak Mahindra Capital, Citigroup Global Markets India, J. P. Morgan India, Morgan Stanley India, Axis Capital, Goldman Sachs (India) Securities and IIFL Capital Services. KFin Technologies is registrar to the proposed offering.

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By Arun Srivastava Rahul Gandhi’s strategy to mobilize people against Modi–Shah leadership and build a sustainable national alternative, remains a subject of intense debate among political analysts and observers. The realisation that saffron ecosystem is determined not to allow him the parliamentary system and space to articulate his views, he has noticeably shifted toward aggressive […]

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By Dr. Gyan Pathak Industrial Development Bank of India (IDBI) will soon be placed in a foreign hand, which the nationalist prime minister Narendra Modi’s BJP led NDA government said doing it in the national interest of the country. Employees and officers of IDBI on the other hand went on two days nationwide strike on […]

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