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Insights
03-Oct-19 Southeast Asia’s Internet economy will reach USD100 bn in 2019, up 39 percent from USD72 bn last year. While Malaysia, the Philippines, Singapore and Thailand are expanding at 20-30 percent, growth in Indonesia and Vietnam is over 40 percent. [image: bennymarty/123RF]
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Insights
25-Sep-19 Morocco’s e-commerce market is growing at 40%, according to AMI and Global Growth Markets. Payment preferences differ - 96% of online retail transactions are cash payments, whereas cards and digital payments dominate online travel and accommodation purchases. [image: Shutterstock]
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Insights
19-Sep-19 Google is bringing Google Pay to businesses in India as it rushes to maintain its lead. “India has more than 60 million small and medium-sized businesses, however only a fraction of them support digital payments," said Ambarish Kenghe, product manager. [image: TechCrunch]
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Insights
05-Sep-19 China’s new digital payment infrastructure - face recognition - could make even QR codes seem old-fashioned. Customers simply pose in front of POS machines equipped with cameras to pay. Alipay will spend USD420 mn on the technology by 2022. [image: Asia Times]
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Insights
25-Mar-19 Online shopping platform Lazada and Mastercard announced a five-year partnership to develop Southeast Asia's e-commerce ecosystem. The duo will develop marketing and education campaigns to increase consumer confidence, as well as reward schemes to incentivise use of digital payments. [image: Mastercard Newsroom]
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