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CK Hutchison and Ant Financial ink mobile payment JV
CK Hutchison, the multinational conglomerate, and China’s Ant Financial have announced a joint venture to drive mobile payments in Hong Kong under the existing AlipayHK brand. In an investor statement, the companies said they signed a strategic agreement which would “promote a more efficient and productive cashless society in Hong Kong”. The partnership sees two of the [...]
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B2B FinTech investment in Europe reaches $948m in 2017
B2B FinTechs are attracting an increasing proportion of total European FinTech funding, according to a recent research presentation from Innovate Finance and Pitchbook. There has been a growing number of FinTechs either launching in, or pivoting toward, the business-to-business (B2B) market, with many of these players focused on helping incumbents better serve previously neglected consumers [...]
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Mobile tipping point: How retailers are adding incremental sales in Japan
In Japan, both local and global merchants, are successfully leveraging Japan’s technologically advanced economy to increase sales by up to 30%. The answer to how to make this increase may surprise you – writes Kaushik Sthankiya, Global Business Development Director, DOCOMO Digital. It is actually through a mobile first sales approach. Japan is a mobile-first shopping market [...]
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Emerging markets in Asia Pacific lead mobile shopping usage chart
Mobile shopping growth is growing sharply in Asia Pacific’s emerging markets, outpacing their more developed counterparts, according to the latest Mastercard Mobile Shopping Survey. Consumer use in the Philippines (53.5 percent) and Malaysia (55.6 percent) top the region with the highest year-on-year growth in mobile shopping, recording increases of 12.6 percent and 10.1 percent respectively. [...]
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The rise of alternative payments – and its impact on the card business
From virtual mobile wallets to peer-to-peer money transfer apps, there are an increasingly diverse number of ways to pay, beyond the old medium of cash. And the geographic scope of such alternatives stretches from contactless mobile for buying coffee in a US Starbucks or movie tickets in Indonesia, to blockchain-based currency transfers in Africa. The [...]
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