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American Express secures payments license in China

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12-Nov-18 American Express has been granted preparatory approval from the People’s Bank of China for a clearing and settlement license in mainland China. Amex can begin building a network business to process domestic RMB transactions through its joint-venture in the country. [image: Beyond My Ken / Wikipedia]

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Rwanda joins Alibaba-led electronic world trade platform

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01-Nov-18 Rwanda has become the first African nation to join the Alibaba Group Holding-led electronic world trade platform (EWTP) initiative, following similar initiatives in Southeast Asia as the Chinese e-commerce firm seeks to expand digital trade globally. [image: Xinhua]

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Asia’s healthcare industry reels from cyberattacks

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08-Oct-18 Healthcare is highly vulnerable to cyberattacks in Asia, with 27 percent of organizations reporting a cyberattack in the past year, which is more than financial institutions (20 percent). Despite this, the industry still underestimates the likelihood of a cyberattack. [images: Guang Niu / Getty Images]

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Asian banks tear down brick-and-mortar expansion model

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08-Oct-18 Singapore's largest bank DBS is attempting to disrupt the traditional business model of physical branches in Indonesia with a branchless smartphone platform, 'digibank'. After DBS rolled out digibank in India in 2016, it captured over 2 mn customers. [image: Nikkei Asian Review]

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