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Insights
25-Apr-18 Chinese players Alipay and WeChat are powering many digital purchase transactions in China and now abroad. These digital wallets are moving west, as the spending power of China's residents grows and the government allows travel to more destinations. [image: Shiho Fukada / Bloomberg]
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Insights
20-Apr-18 Apple will allow Siri to support voice commands for Alibaba's Alipay, meaning users will be able to tell Siri to open the Alipay payment screen directly - an acknowledgement that Chinese players are miles ahead on payments. [image: South China Morning Post]
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Insights
19-Apr-18 The People's Bank of China has issued an Announcement allowing qualified foreign-invested enterprises to apply for payment business licences under the existing legal regime applicable to domestically-owned entities. [image: TMTPost]
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Insights
10-Apr-18 China’s digital economy has experienced massive growth in the last decade. In 2008, China accounted for <1% of e-commerce; today its share is 42%. In comparison, the United States’ share is down 10% since 2005, to 25%. [image: McKinsey Global Institute]
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Insights
06-Apr-18 CardUp users can now pay for recurring cash expenses like taxes and rent via credit card. The development follows its seed funding round of USD1.7 mn, led by Sequoia Capital and Seedplus. [image: Fintech Singapore]
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