 IC_Caixin.jpg)
Insights
07-Feb-18 Alipay and Tenpay have each been fined USD95,000 for violating rules when they handle cross-border payment services. The infringements included violating rules of business scope, information reports, and failing to submit risk reports to authorities. [image: IC / Caixin]
Read More
 Morgan Stanley Research_FT].png)
Insights
07-Feb-18 Alibaba has secured a USD200 mn stake in leading Indian online grocery group BigBasket, while its payments affiliate Ant Financial agreed to invest the same sum into Indian food-ordering app Zomato. [image: Morgan Stanley Research / FT]
Read More
 Wataru Suzuki_Nikkei Asian Review.jpg)
Insights
07-Feb-18 Following in the footsteps of Debenhams, Clarks and Gap are counting their last days in Indonesia, following sales declines of 50% from 2015. However, while household consumption continues to decline, domestic airline passengers in 2017 grew 11% from 2015. [image:Wataru Suzuki / Nikkei Asian Review]
Read More
 IT Web Africa.jpg)
Insights
06-Feb-18 Standard Bank has inked a deal with Chinese payment company UnionPay to accept its cards in African markets by the end of 2018. The deal will open China's e-commerce marketplace to the bank's customers in 20 African countries. [image: IT Web Africa]
Read More
 Power Retail.png)
Insights
05-Feb-18 For the first time, non-Chinese shoppers in greater China will be able to use China’s mobile payment platform WeChat Pay, following an update that allows users to link accounts with non-Chinese credit cards issued by Visa, Mastercard and JCB. [image: Power Retail]
Read More
