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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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Insights
05-Apr-18 Global card companies Visa and Mastercard are struggling for market share with India's homegrown payment channels. Compounding troubles for card companies is the scant availability of swiping machines across India with just 1,900 per million people. [image: DW]
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Insights
05-Mar-18 In the Middle East, opportunities for innovation in payments are plentiful. More than 80% of retail payments and 65% of e-commerce payments are made in cash, and smartphone adoption is >100% in several countries, according to Global Growth Markets. [image: Global Growth Markets]
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