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Alipay, Barclaycard help UK retailers reach Chinese tourists

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 Insights

14-Mar-19 Alipay and Barclaycard - which processes half the UK's card transactions - have collaborated to allow UK retailers to accept Alipay. 483,000 Chinese tourists will spend USD1.33 bn in 2019. The UK also has about 493,000 Chinese residents and students. [image: Alizila]

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Ant, Tencent, Xiaomi seek Hong Kong digital banking licenses

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 Insights

21-Feb-19 Hong Kong authorities are preparing to issue digital banking licences to six companies including internet and gaming group Tencent, Ant Financial, the payments business of e-commerce giant Alibaba, smartphone maker Xiaomi and insurer ZhongAn. [image: Bloomberg]

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Southeast Asia’s rising wealth

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 Insights

18-Dec-18 Southeast Asia is coming into its own as a key market for anything from cars to computers. But tens of millions still have no bank account. Demand for savings plans, insurance and banking still has lots of room to grow. [image: HSBC]

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