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45 percent of Chinese companies expect business travel budget to rise

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 Insights

26-Oct-18 45 percent of Chinese companies expect business travel spending to increase in the coming year. Business travel expenditure on domestic China trips has increased by 18 percent over 2017, indicating business activity within tier-two and -three cities is rising. [image: Tourism News / eTN.travel]

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Alipay will be available in Seoul taxis

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 Insights

23-Oct-18 Following a strategic partnership between Ant Financial's Alipay and Korean payment system integrator Kakaopay, all taxis in Seoul will accept Alipay from Jan-19. The service will take payment from Chinese visitors via Alipay and locals via Kakaopay. [image: Alipay / Payment Week]

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Asian banks tear down brick-and-mortar expansion model

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 Insights

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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