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Insights
12-Feb-18 WhatsApp has launched its digital payment service, with India the first country able to access the new function. In India, the payment platform will be geared toward very small businesses employing less than 10 people. [image: Daily Trust]
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Insights
08-Feb-18 Flywire, a US-based provider of global payment and receivables solutions, has opened an Asia-Pacific regional headquarters in Singapore to address a growing demand in the region for solutions that can facilitate frictionless transfer of money across borders. [image: Flywire]
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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]
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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]
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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]
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