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Insights
02-May-19 Foreign remittances to Asian countries hit USD300 bn for the first time in 2018, underscoring the ever-rising importance of overseas employment for the region. Major recipients such as Pakistan and the Philippines have GDPs only slightly bigger than that. [image: World Bank staff estimates, World Development Indicators, IMF Balance of Payments Statistics / Asia Times]
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Insights
22-Apr-19 The wave of M&A in GCC financial services is needed to raise efficiencies and build the scale required to increase investments in financial technology, as payment solutions are increasingly enabled by fintech, according to Rishi Kapoor, co-CEO of Investcorp. [image: ADCB / Handout via Thomson Reuters Zawya]
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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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Insights
14-Mar-19 Alipay and Barclaycard - which processes half the UK's card transactions - have collaborated to allow UK retailers to accept Alipay. 483,000 Chinese tourists will spend USD1.33 bn in 2019. The UK also has about 493,000 Chinese residents and students. [image: Alizila]
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Insights
12-Mar-19 Bangladesh's Prime Bank has launched the first JCB Platinum Credit Card in the country. Prime Bank and JCB have been developing a partnership since entering an acquiring license agreement in 2013. [image: ACN Newswire]
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