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Insights
21-Nov-18 The South African government has lost an estimated USD37 bn from 'misinvoicing' between 2010 and 2014. The losses can be traced back to the practice of misinvoicing, where companies illicitly misrepresent the value of cross-border trade on an invoice. [image: Pymnts]
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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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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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26-Oct-18 45 percent of Chinese companies expect business travel spending to increase in the coming year. Business travel expenditure on domestic China trips has increased by 18 percent over 2017, indicating business activity within tier-two and -three cities is rising. [image: Tourism News / eTN.travel]
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23-Oct-18 Following a strategic partnership between Ant Financial's Alipay and Korean payment system integrator Kakaopay, all taxis in Seoul will accept Alipay from Jan-19. The service will take payment from Chinese visitors via Alipay and locals via Kakaopay. [image: Alipay / Payment Week]
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