International Organization for Mediation Hosts First Anniversary Celebration

Inaugural Year Marked by Significant Progress in Case Administration, Capacity Building and International Engagement

HONG KONG SAR – Media OutReach Newswire – 20 October 2026 – The International Organization for Mediation (IOMed) today hosted the IOMed 1st Anniversary Celebration at its headquarters in Hong Kong. The Hon John KC Lee, Chief Executive of the Hong Kong Special Administrative Region, graced the occasion as the Guest of Honour. Professor Teresa Cheng, Secretary-General of IOMed, Mr Cui Jianchun, Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the HKSAR, the Hon Andrew Cheung, Chief Justice of the Court of Final Appeal of the Hong Kong Special Administrative Region, and more than 140 guests from Contracting States and Signatory States to the IOMed Convention, diplomatic missions, government agencies, the legal and dispute resolution community, and the business sector, celebrated the first anniversary of IOMed together, reflecting on its achievements in the inaugural year, and reaffirming their shared commitment to advancing peace, cooperation and common development through dialogue.

Celebrating an Important Milestone

Professor Teresa Cheng, the Hon John KC Lee, and Mr Cui Jianchun delivered remarks celebrating this memorable moment.

Chief Executive remarked that, "The IOMed is a vital platform for promoting global peace and prosperity. And the HKSAR Government will continue to support the IOMed, in keeping with the National 15th Five-Year Plan and Hong Kong's First Five-Year Plan. Hong Kong, after all, is the world's only Chinese‑English, bilingual common law jurisdiction. And our status as an international legal and dispute resolution services centre is internationally recognised."

Professor Cheng stated, "IOMed will continue to provide accessible, efficient, and effective mediation services, strengthen international partnerships, and promote mediation through capacity building and the exchange of experiences."

Commissioner Cui Jianchun said in his speech that "Over the past year, we have witnessed the International Organization for Mediation transition from vision to reality through the 'ACE' framework—Accession, Cases, and Ecosystem. As the host country, China remains fully committed to supporting IOMed's long-term goals, injecting positive legal energy into peaceful dispute settlement and contributing to a shared community for humanity."

Since its inauguration one year ago, IOMed has continued to promote the peaceful settlement of international disputes through mediation. In an increasingly complex and evolving international environment, mediation plays an important role as an amicable, effective and flexible means of dispute resolution. By promoting dialogue and mutually beneficial solutions, mediation can help bridge differences, build trust, and strengthen international cooperation.

Successful Stories in IOMed-Administered Mediation

IOMed is the world's first intergovernmental legal organization dedicated to resolving international disputes through mediation. Since commencing operations, IOMed has received multiple cases and facilitated the successful settlement of more than one case, including its first case of international maritime dispute. The case involved enterprises from China, a Contracting State of IOMed, and Singapore, a non-signatory State. With the assistance of the mediator, the parties reached an amicable settlement efficiently through mediation, demonstrating the effectiveness of mediation as a means of resolving complex cross-border commercial disputes.

The case also reflects the openness and inclusiveness of IOMed as an independent international organization. Subject to the consent of the parties concerned, disputes involving non-Contracting States and their nationals may also be submitted to IOMed for mediation. A growing number of cases have since been submitted to IOMed, reflecting increasing confidence in its mediation mechanism and professional services.

Expanding Global Cooperation Network

Growing confidence in IOMed is also reflected in the continued expansion of its international cooperation network. To date, the number of Signatory and Acceding States has increased to 48, while the number of Contracting States has reached 18, spanning Asia, Africa, Latin America, Oceania and Europe. The Global Mediation Summit, hosted by IOMed in May 2026, brought together participants from more than 60 countries and regions, demonstrating broad international recognition of and support for mediation. In addition, IOMed delegations conducted outreach visits to 15 countries, attending international conferences and engaging government officials, local business community and legal professionals. At the same time, its Headquarters welcomed more than 2,500 visitors from around the world.

Through cooperation with other international organizations and partners, IOMed has delivered a range of training programmes on inter-State mediation and investor-State mediation for its member States. It has also launched platforms for intellectual exchanges, such as Dialogue with Mediators and the IOMed Global Dialogue Series, supporting sharing of knowledge and best practices with a view to promoting the use of mediation.

Contributing to Hong Kong's Development as the "Global Capital of Mediation"

As the first intergovernmental organization headquartered in Hong Kong, IOMed's achievements during its inaugural year also underscore the unique strengths of Hong Kong, the host city of the Organization, as an international legal and dispute resolution services centre and a bridge connecting different legal systems and cultures.

Based on the 2026 Policy Address and Hong Kong's first Five-Year Plan, the Hong Kong SAR will continue to render full support to the work of the IOMed headquartered in Hong Kong, building a Global Capital of Mediation. IOMed welcomes this strategic direction and is confident that IOMed and Hong Kong will continue to make significant contribution to each other's development and success.

Fostering a Global Mediation Ecosystem

Looking ahead, IOMed will continue its efforts to foster a global mediation ecosystem. Through international exchanges and cooperation, as well as training and capacity-building initiatives, IOMed will continue to promote the use of mediation among governments, the business community, the legal profession and other stakeholders, with a view to enhancing global awareness and understanding of mediation.

IOMed is preparing to launch the IOMed Moot, a mediation moot competition, to promote the culture of mediation among the youth and cultivate next-generation professionals. In addition, IOMed will continue to organize events under IOMed Global Series and Dialogue with Mediators, providing platforms for professional exchange and collaboration, and contributing to a more effective and inclusive framework for the resolution of international disputes.

Hosting IOMed Forum in December 2026

On 8 December 2026 (Tuesday), IOMed will host the inauguraledition of its signature event IOMed Forum under the theme "Mediation for Peace and Prosperity — The New Frontier" in Hong Kong. The Forum will bring together government officials, legal experts, business leaders and international stakeholders to exchange insights on the future of international mediation. Interested participants are invited to save the date and register via the link: https://bit.ly/IOMedForum.

Please click HERE to download the high-resolution press photos.

Photo 1: The Hon John KC Lee, Chief Executive of the Hong Kong Special Administrative Region, delivered remarks at the Reception.

Photo 2: Mr. Cui Jianchun, Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the Hong Kong Special Administrative Region, delivered remarks at the Reception.

Photo 3: Professor Teresa Cheng, Secretary-General of the International Organization for Mediation (IOMed), delivered remarks at the Reception.

Photo 4: Group photo of Professor Teresa Cheng, CE, Commissioner CUI, representatives of IOMed Contracting States.

For IOMed's latest updates, key developments, and upcoming initiatives, please visit www.iomed.int and follow our official social media channels below.

• LinkedIn
• Facebook
• Instagram

Hashtag: #IOMed

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

About IOMed

The International Organization for Mediation (IOMed) is the world's first intergovernmental legal organization dedicated to resolving international disputes through mediation. It will be a key mechanism to apply mediation as a peaceful means to settle international disputes enshrined in the UN Charter with a view to win-win cooperation between the parties and is of great importance to improving global governance and promoting world peace and the stability of the international order.

Initiated jointly by 19 countries including China, IOMed is an international public good on the rule of law contributed by developing countries. It provides mediation services for inter-State disputes, disputes between a State and a national of another State, and international commercial disputes submitted by mutual consent. Leveraging the unique advantages of mediation as a more flexible, cost-effective, convenient and well-implemented means, it offers a new option to all countries for party-owned and efficient resolution of international disputes.

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

Joint study shows emerging markets will generate 60% of new online spending over the next decade — most of it from consumers without a credit card

SINGAPORE – Media OutReach Newswire – 21 October 2026 – Asia is projected to add 702 million middle-class adults between 2026 and 2036, three-quarters of all middle-class growth in emerging markets, according to a new study from World Data Lab (WDL) and EBANX, a global technology company specializing in payment services for emerging markets.

Emerging markets will add USD 8.7T in online spending by 2036

But this new consumer class will not shop the same way developed-market consumers do: by 2036, only 20% of adults in emerging markets will hold a credit card, against 66% in developed markets.

Global online spending is projected to grow from USD 11 trillion in 2026 to USD 25.6 trillion in 2036. Emerging markets add USD 8.7 trillion of that increase (60% of all new online spending), with China (USD +4.7 trillion) and India (USD +1.3 trillion) leading this growth. Indonesia (USD +243 billion), Brazil (USD +249 billion) and Mexico (USD +191 billion) form the next tier.

The categories matter as much as the markets. Online gaming spending in emerging markets grows 14% a year over the decade, the fastest of any category, and SaaS nearly 10%. Emerging markets will generate 76% of global growth in social media spending and 64% in SaaS.

The demographic picture challenges a common assumption. Consumers aged 45 and over account for 51% of emerging markets' online spending growth through 2036, and spending by those aged 65 and over grows 12% a year, faster than any other age group.

The outlook was discussed during "Navigating Payments: How innovation and fragmentation are changing the game for e-commerce," a webinar co-hosted by World Data Lab (WDL) and EBANX.

"Over the next ten years, people aged 45 and over will add USD 4.4 trillion in online spending in emerging markets, half of all the growth. Some of them already shop on their phones and will keep doing so as they get older. Others will buy online for the first time in their fifties or sixties. Merchants who build their checkout only for a 25-year-old will miss both groups," explained Wolfgang Fengler, CEO of WDL.

The study models consumer spending, demographics, and financial access across 184 countries to 2036, drawing on the World Bank's Global Findex and WDL's consumer models, combined with EBANX's experience processing payments for global merchants in emerging markets since 2012.

"If your checkout only takes credit cards, you are competing for one in five adults in emerging markets and conceding the other four", said Marie-Elise Droga, Chief Revenue Officer of EBANX. "The merchants growing fastest with us didn't wait for cards to arrive: they added the payment rails their customers already use, and they're taking new buyers, bigger baskets and recurring revenue that card-only competitors can't even see."

834 million new online buyers, 281 million new credit cards

Between 2026 and 2036, the global economy will add 834 million online buyers but only 281 million credit card holders—a ratio of nearly three to one. In emerging markets, two in three new online buyers (67%) will arrive without a credit card. Adults without it already account for 55% of online spending in emerging markets, a share that rises to 90% in India and 93% in Sub-Saharan Africa. Credit cardless adults also represent 52% to 59% of spending in every digital category, from gaming and SaaS to streaming and travel.

Digital payment use is also running ahead of online shopping. Of the 2.6 billion emerging-market adults spending between USD 6 and USD 25 a day, 70% already pay merchants digitally while only 33% buy online, leaving at least 957 million digitally active consumers who are not yet online buyers. Many hold a bank account or mobile wallet but no card that works at an international checkout.

"This is closely tied to the innovation that came out of the financial industry in emerging markets, which developed solutions for an increasingly mobile economy and for the habits of local consumers. Today, we call them local payment methods, or LPMs, and they allowed e-commerce growth to decouple from the credit card, which still has very low penetration in these countries," said Estelita Hass, head of Market Intelligence at EBANX.

Subscriptions are the next frontier — and India shows why

Recurring categories such as streaming, SaaS and online education will reach USD 2.1 trillion a year in emerging markets by 2036, with USD 1.1 trillion coming from adults without a credit card. In India, 82% of recurring online spending will be cardless. Account-based recurring rails are beginning to close that gap: a global SaaS company saw a 20% uplift in new subscribers after adding UPI at checkout in India, and cybersecurity company Nord Security now generates 28% of its revenue in Brazil through Pix Automático, Brazil's recurring instant payment, six months after launching it with EBANX.

The webinar presentation is available at [LINK].

Hashtag: #EBANX #WorldDataLab #Fintech #Payments #EmergingMarkets #Consumers

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

ABOUT EBANX

EBANX is the leading technology platform connecting global businesses to the world's fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, the platform enables global businesses to offer hundreds of local payment methods and streamline cross-border payments across Latin America, Africa, and Asia. With a global footprint, it established a technology and regulatory headquarters in Singapore in 2026. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and end users alike.

For further information, please visit:

Website: https://ebanx.com/en/
LinkedIn: https://www.linkedin.com/company/ebanx/

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **