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UnionPay partners Millennium bcp to foray into Portugal market

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 Insights

06-Dec-18 China’s UnionPay has partnered with Portugal's private bank Millennium bcp to issue UnionPay Portugal cards. Millennium will issue both consumer and commercial cards. Millennium becomes the first local institution in Europe to provide the cards. [image: Cards International]

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AXA launches new global healthcare proposition in Saudi Arabia

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 Insights

03-Dec-18 AXA has launched an international corporate healthcare proposition, the Prestige plan, in Saudi Arabia. The proposition allows members to use hospital networks and cashless facilities within the Kingdom as well as AXA's global network. [image: International Investment]

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AXA to pay USD662 mn for full control of China joint venture

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 Insights

27-Nov-18 French insurer AXA will pay USD662 mn for the remaining 50% stake in its Chinese joint venture, making it the second insurer in three days to announce plans for a wholly-owned company in mainland China, after Allianz. [image: Reuters / South China Morning Post]

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South Africa government losing millions to trade mis-invoicing

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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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