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Amazon to pick up 9.5% stake in Indian offline retailer

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06-Nov-18 Close on the heels of Walmart acquiring Indian e-commerce firm Flipkart, Amazon is cutting deals with offline retailers in India. Its investment arm is set to pick up a 9.5% stake in Future Retail for INR25 bn (USD346 mn). [image: Amazon / Asia Times]

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Asian banks tear down brick-and-mortar expansion model

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08-Oct-18 Singapore's largest bank DBS is attempting to disrupt the traditional business model of physical branches in Indonesia with a branchless smartphone platform, 'digibank'. After DBS rolled out digibank in India in 2016, it captured over 2 mn customers. [image: Nikkei Asian Review]

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ICICI Bank launches Odyssey City Card in India

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05-Oct-18 ICICI Bank announced a multi-year partnership with Bhubaneswar city, capital of the state of Odisha in India, to launch a Common Payment Card System which will help citizens use a single payment option for multi-purpose city-level usage. [image: OTV]

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