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Articles
In the Middle East, opportunities for innovation in payments are plentiful. More than 80% of brick-and-mortar retail payments and 65% of e-commerce payments are still made in cash. The region has all the makings of an ideal environment for safe, secure and convenient alternative payments. The Middle East presents a rare opportunity for digital payment innovators to access a populous and high-spending region with good levels of connectivity. [Image: ArabNet]
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Insights
22-Mar-18 China is the global leader in e-commerce but has still not yet achieved its full potential. With an estimated 676 mn Chinese people not yet connected to the Internet analysts predict e-commerce will increase 200% by 2021. [image: IMRG]
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19-Mar-18 Alibaba will inject USD2 bn into its subsidiary Lazada Group, the Singapore-based online retailer, and will send one of its key executives to replace Lazada's founder CEO, part of moves to cement its leading position in Southeast Asia. [image: Reuters / Nikkei Asian Review]
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13-Mar-18 AuMake, a company that specializes in connecting Australian suppliers with Chinese consumers, has launched Australia’s first dedicated retail hub for ‘daigou shoppers' - people outside China who purchase luxury goods for a customer in mainland China. [image: Shutterstock / Retail In Asia]
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08-Mar-18 DHL is expanding its Hong Kong-based Central Asian operations to the tune of HKD2.9 bn (USD370 mn), ahead of an expected 50% surge in annual throughput driven by an expected rise in international e-commerce and intra-Asian trade. [image: HKTDC]
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