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Insights
10-Jan-19 Worldwide users of Alipay, China’s leading online payment platform, have exceeded one billion. Alipay’s Ant Financial Services Group said it had cooperated with nearly ten major overseas smart payment companies, which contributed to its growth in user numbers. [image: Alipay]
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Insights
08-Jan-19 The US government is concerned about India’s revised e-commerce regulations and has said the policy will hinder the Indian investment plans of Amazon.com and Walmart Inc. The rules ban companies from making exclusive deals with sellers. [image: Reuters / Mike Segar]
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Insights
08-Jan-19 The market for cross-border person-to-person remittances was worth USD689 bn in 2018, more than Saudi Arabia's GDP. It is experiencing double-digit growth as people migrate in search of economic opportunities or to escape political upheaval in their home country. [image: The World Bank / PaymentsSource]
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Insights
Jan-19 The recovery in emerging market and developing economies has stalled. India is a bright spot where strengthening investment and robust consumption will drive 7.3 percent GDP growth. East Asia remains a fast-growing region but growth will moderate to 6 percent in 2019 as global demand slows and financial conditions tighten. Brazil is forecast to lead Latin America with 2.2 percent growth. And in MENA, while GCC oil exporters accelerate to 2.6 percent growth they will be outstripped by Egypt at 5.6 percent thanks to reforms. [image: World Bank]
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Insights
27-Dec-18 Taiwanese contract manufacturer Foxconn will invest well over INR1,500 crore (USD216mn) in new production lines to manufacture certain iPhone models in its factory near Chennai. The project is expected to bring employment of over 25,000 jobs. [image: The Economic Times]
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