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7-Eleven Japan enters online market with food home delivery

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 Insights

12-May-18 7-Eleven Japan, the country's biggest convenience store chain, will launch an app for orders with delivery in two hours. The move marks a first for the sector in Japan, with 7-Eleven looking to capitalise on food home delivery. [image: Reuters / Nikkei Asian Review]

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Jack Ma's Ant is said to snag Carlyle for USD10 bn round

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11-May-18 Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least USD10 bn, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors. [image: Bloomberg News]

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Alibaba buys Pakistani online retailer Daraz

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 Insights

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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 Insights

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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