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Alipay will be available in Seoul taxis

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 Insights

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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Asian banks tear down brick-and-mortar expansion model

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 Insights

08-Oct-18 Singapore's largest bank DBS is attempting to disrupt the traditional business model of physical branches in Indonesia with a branchless smartphone platform, 'digibank'. After DBS rolled out digibank in India in 2016, it captured over 2 mn customers. [image: Nikkei Asian Review]

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ICICI Bank launches Odyssey City Card in India

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 Insights

05-Oct-18 ICICI Bank announced a multi-year partnership with Bhubaneswar city, capital of the state of Odisha in India, to launch a Common Payment Card System which will help citizens use a single payment option for multi-purpose city-level usage. [image: OTV]

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Vietnam’s first car-hailing app FastGo heads overseas

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02-Oct-18 Vietnamese ride-hailing app FastGo, positioning itself as a rival to Singapore-based Grab, plans to launch its service in Indonesia and Myanmar in Dec-18 as it hopes to become one of the top companies in the field in Southeast Asia. [image: Nikkei Asian Review]

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