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Insights
10-Apr-18 China’s digital economy has experienced massive growth in the last decade. In 2008, China accounted for <1% of e-commerce; today its share is 42%. In comparison, the United States’ share is down 10% since 2005, to 25%. [image: McKinsey Global Institute]
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09-Apr-18 The Ministry of Tourism and Culture Malaysia together with its promotional arm Tourism Malaysia, will collaborate with Tencent Holdings to create a digital tourism economy to attract Chinese outbound travellers to the country. [image: TTG Asia]
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05-Apr-18 Global card companies Visa and Mastercard are struggling for market share with India's homegrown payment channels. Compounding troubles for card companies is the scant availability of swiping machines across India with just 1,900 per million people. [image: DW]
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Insights
05-Mar-18 In the Middle East, opportunities for innovation in payments are plentiful. More than 80% of retail payments and 65% of e-commerce payments are made in cash, and smartphone adoption is >100% in several countries, according to Global Growth Markets. [image: Global Growth Markets]
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Insights
04-Mar-18 A smart hospital in Guangzhou provides recommendations to patients before they arrive at the hospital and helps them make appointments, accepts payments through WeChat, and allows them to establish their medical profile through facial recognition. [image: Open Gov]
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