 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
 EPA.jpg)
Insights
03-Feb-18 The Chinese mainland market for mobile payment transactions, which reached USD5.5 tn in 2016, is poised for further expansion as many consumers and businesses go cashless in more than 600,000 villages across China. [image: EPA]
Read More
