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Eric Grover, Principal at Intrepid Ventures, analyses the unbalanced competition between central banks and private-sector payment systems across the globe, revealing what are each’s strengths.
central bank, payments system, cross-border payments, fintech
Alibaba’s Lazada Group has announced it is preparing to launch into Europe, according to a Bloomberg report.
expansion, ecommerce, marketplace, cross-border logistics
Chinese online retailer AliExpress has announced that it will soon set up depots in Israel.
ecommerce, expansion, online payments, online shopping
Digital wallet DANA has raised USD 250 million from local conglomerate Sinar Mas and Alibaba.com-owned Lazada Group to expand in Indonesia.
e-wallet, funding, investment, mobile payments
Ant Group has been ordered by Chinese regulators to drastically change its business model and return to its roots as a payment service provider, Bangkok Post reports.
Ant Group, online payments, regulation, super app
Ant Group’s record USD 37 billion listing has been stopped by Chinese authorities.
Ant Group, IPO, China, lending, fintech, banks, consumer credit
To face a post-COVID-19 world with confidence, businesses are advised to modify their current processes, culture, and customer experiences. Harvey Chan from Payment Asia has some ideas
Harvey Chan, Payment Asia, COVID-19, payments , ecommerce, delivery, stay at home, e-payment, mobile payments, credit cards, debit cards, e-wallets
MyBank, pandemic, online lending platform, Jack Ma, SME, China, lending surge, Ant Financial, loan algorithms, real time payments
Douglas Feagin of Alipay presents the journey of building financial services for the underserved individuals and of creating trust between buyers and sellers in China
Alipay, Ant Financial, Douglas Feagin, digital finance, unbankded, e-wallet, mobile payments, banking, Facebook, China, Instagram, GCash, TrueMoney, KakaoPay, cross-border remittances, blockchain, ecommerce
Ant Financial has initiated blockchain-based money transfers between Hong Kong and the Philippines, as it plans to expand real-time cash remittance services globally.
Ant Financial, blockchain, international remittances, money transfer
Alibaba founder Jack Ma has said that the company will “seriously consider” listing in Hong Kong, as the financial hub prepares to allow dual-class share listings.
Alibaba, Jack Ma, Hong Kong, ecommerce, retail, China, Alibaba Hong Kong listing
Finance Minister Ishaq Dar has announced that Pakistan will open international electronic payment gateways developed by the State Bank of Pakistan (SBP).
Pakistan, State Bank of Pakistan, e-payment gateway, mobile banking, online payments
Alibaba has opened a new office in Melbourne Australia, with a remit to oversee sourcing and operations in both Australia and New Zealand.
Alibaba, marketplace, ecommerce, online sales, expansion, Australia, presence, Melbourne, office
Jack Ma, founder and executive chairman of Alibaba Group, has become Special Adviser of the United Nations Conference on Trade and Development (UNCTAD) on Youth Entrepreneurship and Small Business.
Jack Ma, Alibaba, UNCTAD, trade, ecommerce, business, World, entrepreneurship, SME
Indonesian government has asked the chairman of Alibaba Group, Jack Ma, to act as adviser in the development of the Southeast Asian country`s ecommerce industry, fortune.com reports.
Jack Ma wanted: Indonesia bets on Alibaba founder expertise to open ecommerce gateways
G20 summit has proposed the creation of a global ecommerce platform to eliminate barriers in online trade.
G20, regulations, ecommerce, B20, eWTP, CIGI, Alibaba, crossborder ecommerce
Alibaba Group executive chairman Jack Ma and Canadian Prime Minister Justin Trudeau have unveiled a declaration of cooperation towards the promotion of trade between Canadian SMEs and Chinese consumers.
Alibaba Group, Canada, government, partnershp, ecommerce, payments , sales, cross border, company, deal
Ant Financial and Tencent have won approval to operate digital wallets for customers in Hong Kong, a significant step in the two Chinese internet giants overseas expansion.
Green lights, Ant Financial, Tencent, Hong Kong, mobile payments
The Chinese ecommerce Alibaba is reportedly considering to acquire ShopClues.com and might be looking to merge Paytm with ShopClues.
Alibaba, acquisition, ShopClues, India, China, ecommerce, payments , Paytm, mobile payments, Amazon, merger
Alibaba Group has signed a Memorandum of Understanding (MoU) with the New Zealand Trade and Enterprise (NZTE), the New Zealand Government’s international business development agency, to strengthen trade between China and New Zealand.
Alibaba Group and New Zealand Government Form Strategic Alliance to Strengthen Trade with China