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Alibaba buys Pakistani online retailer Daraz

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11-May-18 Alibaba has bought Pakistani e-commerce firm Daraz, as it looks to increase its presence in South Asia. Daraz, founded in 2012, is backed by tech incubator Rocket Internet and operates in Bangladesh, Myanmar, Sri Lanka, Nepal and Pakistan. [image: Shutterstock / Retail In Asia]

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Battle for Japan's cashless spenders heats up

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08-May-18 Japanese banks hope that integrating mobile payments like Alipay and Apple Pay with other cashless methods will help them regain ground in the market and promote such options in a country where cash is still king. [image: Manami Yamada]

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Peru's mobile wallet that other nations copy

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07-May-18 Many countries want to emulate Peru’s BIM e-wallet, Latin America’s first national mobile money scheme. But a challenge for governments in emerging countries is persuading consumers and small businesses to move from using informal cash to electronic payments. [image: Bloomberg News / PaymentsSource]

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Gulf Capital acquires fintech firm Saudi Geidea

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07-May-18 Gulf Capital has acquired a strategic stake in fintech firm Saudi Geidea to boost its presence in the payment and digital financial transactions sector in the GCC. The total value of the transaction is AED978 mn (USD266 mn). [image: Geidea]

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Jumia sets its sights on an expanding Egyptian e-commerce market

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07-May-18 Africa’s leading online shopping platform, Jumia, wants tenfold growth in revenue from Egypt. Jumia Egypt’s chief executive, Hesham Safwat, says he's urging the government to regulate informal retailers by offering them tax incentives when they market their goods online. [image: Bloomberg News]

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