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Alibaba’s Ant Financial Just Launched a Blockchain-based Remittance Service
Ant Financial, Alibaba’s $150 billion financial affiliate, launched a blockchain-based service that lets Hong Kong’s large Filipino working population send funds to family back home quickly and securely.
- Categories
- Finance
- Region
- Asia Pacific
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Report: Automation will trigger rise in slavery and abuse in SE Asia
Of five issues raised in the company’s 2018 Human Rights Outlook report, automation is identified as presenting the most “significant challenges to the reputations, operations, and supply chains of multinational companies, now and in the future.”
- Categories
- Technology
- Region
- Asia Pacific
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China takes a swipe at the fintech sector
Beijing has spent years sitting back and encouraging its powerful fintech firms to create and innovate. But it is starting to crack down on parts of an industry that it feels may have grown too far too fast, starting with peer-to-peer lenders.
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- Finance
- Region
- Asia Pacific
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Ant Financial taps blockchain technology to offer cheaper international money transfers
Ant Financial Services has taken a step towards dramatically lowering the cost of sending money overseas, in a move that will help the hundreds of thousands of Filipinos working in Hong Kong.
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- Finance
- Region
- Asia Pacific
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Press release: VisionFund Cambodia Sold To Woori Bank of Korea
In line with VisionFund International’s strategy, it will redeploy the funds to other microfinance institutions across its network that are at earlier stages of development, in markets less wellserved by microfinance providers and where VisionFund, as an early entrant offering microfinance services can impact more vulnerable families, living in rural communities with limited ability to access financial services.
- Region
- Asia Pacific
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China’s Great Leap Forward in Global Mobile Payments
Paradoxically, it was the country's reluctance to adopt conventional banking that led to almost universal adoption of mobile payments.
- Categories
- Finance
- Region
- Asia Pacific
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Financial inclusion makes big inroads into Myanmar
Myanmar has seen a significant increase in the numbers of adults with access to at least one formal financial services product, according to research presented on June 19 as part of the nationwide Making Access Possible (MAP) financial inclusion study.
- Region
- Asia Pacific
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Telenor bets on Asia’s bottom-of-the-pyramid market
Norway's telecom operator expands presence in Myanmar, Bangladesh and Pakistan.
- Categories
- Finance
- Region
- Asia Pacific