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Alipay, Tenpay fined for violations in cross-border payments

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07-Feb-18 Alipay and Tenpay have each been fined USD95,000 for violating rules when they handle cross-border payment services. The infringements included violating rules of business scope, information reports, and failing to submit risk reports to authorities. [image: IC / Caixin]

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India's price cap on cardiac stents stifling innovation

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06-Feb-18 At the National Pharmaceutical Pricing Authority in India, medical device manufacturers and related associations argue that the current price caps have left little room for innovation and patients with few options. [image: ET Healthworld]

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India unveils 'world's largest' public healthcare scheme

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01-Feb-18 India has announced an ambitious health insurance scheme, which will initially cover 100 million poor families, provide USD7,825 in medical coverage for each family annually and offer a safety-net for millions who struggle to afford medical care. [image: BBC News]

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Telemedicine to be regulated: Singapore Health Ministry

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26-Jan-18 The Singapore Medical Association said it intends to license telemedicine under the future Healthcare Services Act. The MoH is currently working with providers to "better understand their business models and work with them to develop appropriate regulations for telemedicine". [image: Unsplash / Pina Messina]

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China reprimands Jack Ma’s Ant Financial over customer privacy

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12-Jan-18 Chinese Internet regulators have scolded the country’s leading mobile payments company, Ant Financial, parent company of Alipay, for compromising its customers’ privacy by automatically enrolling users in its credit-scoring system, putting pressure on firms to better protect personal data. [image: Mobile Marketer]

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