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Insights
21-Nov-18 The South African government has lost an estimated USD37 bn from 'misinvoicing' between 2010 and 2014. The losses can be traced back to the practice of misinvoicing, where companies illicitly misrepresent the value of cross-border trade on an invoice. [image: Pymnts]
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23-Oct-18 Following a strategic partnership between Ant Financial's Alipay and Korean payment system integrator Kakaopay, all taxis in Seoul will accept Alipay from Jan-19. The service will take payment from Chinese visitors via Alipay and locals via Kakaopay. [image: Alipay / Payment Week]
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17-Oct-18 Singapore e-payments provider Nets is in talks with WeChat Pay to allow its users to make mobile payments in China. The partnership would allow NetsPay users to scan QR codes in China and settle purchases in Singapore dollars. [image: South China Morning Post]
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25-Sep-18 Tencent Holdings plans to partner with China UnionPay to offer shoppers in Hong Kong the ability to use a Hong Kong version of the WeChat Pay mobile payment app to spend at mainland merchants using Hong Kong Dollars. [image: Reuters]
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Insights
17-Sep-18 DHL eCommerce has launched a cross-border cash-on-delivery service in Southeast Asia. The service will allow sellers in China and Australia to target consumers in Malaysia, Thailand and Vietnam who do not have credit cards or even a bank account. [image: Media OutReach]
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