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Tag: receipts

  • Singapore Exchange Broadens Horizons with SpaceX and Grab Depository Receipts Launch

    Singapore Exchange Broadens Horizons with SpaceX and Grab Depository Receipts Launch

    Singapore Exchange (SGX), the country’s stock exchange, has announced that it will introduce depository receipts for three major tech companies: SpaceX, Grab, and Sea. This announcement was made on Tuesday, with the trading of the depository receipts set to commence the following day. The addition of these companies allows investors to trade in Singapore Dollars during local trading hours.

    The introduction of these three businesses expands the SGX’s offering to a total of 38 depository receipts, adding to those already available from companies across Thailand, Indonesia, Hong Kong, and the United States. This expansion serves to further diversify and enhance the offerings available to investors in the local market.

    The Impact on Retail Investors

    The SGX highlights that the inclusion of these companies, especially the launch of SpaceX’s depository receipts following its historic IPO last month, provides retail investors with unprecedented access to these equities. The depository receipts offer a simplified and convenient method for investors to gain exposure to these equities, using local currency.

    Grab and Sea, while both listed in the U.S., are headquartered in Singapore, further solidifying the SGX’s position as a global hub for investment. Bernice Tan, a representative from the Securities Market & Depository with SGX, expressed that the new addition mitigates traditional challenges such as foreign exchange friction and the complexities of overseas markets. She added that this allows investors to build a globally diversified portfolio in the Singapore Dollar, within a familiar trading environment.

    Questions & Answers

    What is the significance of introducing depository receipts for SpaceX, Grab, and Sea to the Singapore Exchange?
    Introducing depository receipts for these companies provides investors with more diversification options. It allows them to invest in these companies using local currency and during local trading hours.

    How does the introduction of these companies impact the SGX’s portfolio?
    The addition of SpaceX, Grab, and Sea expands the SGX’s portfolio to a total of 38 depository receipts, alongside those from Thailand, Indonesia, Hong Kong, and the U.S., enhancing its offerings.

    What advantages do these new additions offer to retail investors?
    The new additions provide a simplified and convenient way for retail investors to gain exposure to these equities, mitigating challenges such as foreign exchange friction and overseas market complexities.

  • Google Messages Revamps Read Receipts and Teases Real-Time Location Sharing: An Enhanced Chat Experience Ahead

    Google Messages Revamps Read Receipts and Teases Real-Time Location Sharing: An Enhanced Chat Experience Ahead

    Google’s messaging app, Google Messages, has recently undergone a series of tweaks to improve its user experience. One significant change is the simplification of the group creation process, which allows users to chat with multiple individuals simultaneously. However, this isn’t the only modification to the app.

    Revamped Read Receipts

    The read receipts feature in Google Messages has been revamped in its latest version. Previously, the read receipt was composed of two small circles, commonly referred to as the “Double Bubble” design, located outside the text bubble. The latest version relocates the read receipt within the text bubble, specifically at its lower right corner, and changes its design to a single circle.

    This new version incorporates four states to indicate the status of the sent message: an ellipsis within a circle denotes a message in the process of being sent; a single check within a circle indicates a message has been sent; double checks within a circle signifies the message has been delivered; and finally, a solid circle with double checks mean the message has been read.

    End-to-End Encryption Verification

    Users are now able to verify whether their message was encrypted end-to-end (E2EE) by swiping the text bubble to the left. This action will reveal the time the message was sent and its E2EE status. If a lock with a line through it is displayed, it means the message was not encrypted. Conversely, a lock without a line through it signifies the message was sent via E2EE.

    Real-Time Location Sharing Feature

    Google Messages is rumored to be introducing an exciting feature that will enable users to share their real-time location with others. Currently, the app only allows for a one-time location share, which remains static even when the user is on the move. However, the new “Real-time Location” feature will show the user’s location as they move in real time.

    This feature requires location permissions and can be enabled to share the user’s location in chats. A banner will be displayed at the top of the chat when this feature is active, indicating the remaining time before it is automatically switched off.

    Interestingly, the user can share their live location even if the recipient does not have the same feature enabled on their device. If the recipient has the Google Find Hub app installed, the shared live location link will open in the app. Otherwise, the link will open in a web browser, revealing the sender’s real-time location. To disable location sharing, users simply need to tap the banner at the top of the conversation and select “Stop” from the options at the bottom.

    Questions & Answers

    What are the four states of the new read receipt design in Google Messages?
    The read receipt can be in one of four states: an ellipsis within a circle indicates a message being sent; a single check within a circle shows the message has been sent; double checks within a circle signify the message has been delivered; and a solid circle with double checks means the message has been read.

    How can users verify if a message was encrypted end-to-end in Google Messages?
    Users can swipe the text bubble to the left to reveal the time the message was sent and its encryption status. A lock with a line through it means the message was not encrypted, while a lock without a line through it indicates end-to-end encryption.

    What is the new “Real-time Location” feature in Google Messages?
    The “Real-time Location” feature allows users to share their real-time location with others in chats. A banner will appear at the top of the chat when this feature is active, revealing how much time remains before the feature is automatically turned off.

  • Credit card companies want to get rid of Paper Receipts

    Credit card companies want to get rid of Paper Receipts

    Credit card companies in South Korea are consulting with financial authorities to make issuing paper receipts optional.

    For South Korean credit card companies, issuing paper receipts is a cost they want to phase out following last year’s reduction in transaction fees.

    Card companies argue that issuing paper receipts is not necessary since card users can check their transaction log via smart device applications or on its website.

    KB Kookmin Card Co, for example, plans to introduce a new policy to make issuing credit-card sales slips optional starting next month.

    “Financial authorities are positively considering the idea,” said a source familiar with the credit card industry. “We hope that they will decide on a plan that will ease off the cost.”

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