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Insights
05-Sep-19 China’s new digital payment infrastructure - face recognition - could make even QR codes seem old-fashioned. Customers simply pose in front of POS machines equipped with cameras to pay. Alipay will spend USD420 mn on the technology by 2022. [image: Asia Times]
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19-Aug-19 IKEA is launching an e-commerce online delivery system in India ahead of the opening of its first physical store in Mumbai. The company will be working in partnership with the IndoSpace Industrial Park in Chakan, Pune for distribution. [image: CNBC TV18]
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16-Aug-19 Fintech company 3Line Card Management is set to launch an integrated retail management payment solution, Visum, to the Nigerian market. The innovative payment solution is a retail management platform targeted at SMEs. [image: Brandcrunch]
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Insights
06-Aug-19 Amazon is reported to be in talks to acquire 26% of Reliance Retail. Reliance, which serves 5 million customers a week, was previously in talks with China’s Alibaba but the deal fell through because of differences in valuation. [image: Shutterstock / Retail In Asia]
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29-Jul-19 Jumia, the Africa-based ecommerce company launched Jumia Prime, a monthly subscription service that provides free product delivery for Jumia customers. Jumia Prime is designed to reduce delivery costs for frequent Jumia customers and turn first-time customers to repeat buyers. [image: techcabal]
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