 Reuters_Noor Khamis.jpg)
Insights
12-Mar-19 Kenya’s Safaricom has secured a deal to use its M-Pesa mobile payment service for online shopping on Aliexpress, run by Chinese e-commerce giant Alibaba Group. The agreement will allow Kenyan shoppers to buy goods on the site using M-Pesa. [image: Reuters / Noor Khamis]
Read More
 Body Shop Business.jpg)
Insights
02-Mar-19 Chubb Insurance has received approval from the China Banking & Insurance Regulatory Commission to increase its ownership in Huatai Insurance Group, making Huatai the first Chinese financial services holding company to convert to a Sino-foreign equity joint-venture. [image: Body Shop Business]
Read More
 Business Today.jpg)
Insights
21-Feb-19 After weathering storms of bad loans and profitability, Axis Bank has set its sights on an insurance business acquisition within a year, according to CEO Amitabh Chaudhry. Peers ICICI and HDFC already have life- and non-life insurance operations. [image: Business Today]
Read More
 Bloomberg.jpg)
Insights
21-Feb-19 Hong Kong authorities are preparing to issue digital banking licences to six companies including internet and gaming group Tencent, Ant Financial, the payments business of e-commerce giant Alibaba, smartphone maker Xiaomi and insurer ZhongAn. [image: Bloomberg]
Read More
 Zawya.jpg)
Insights
20-Feb-19 The UAE insurance market continued its earnings momentum in 2018, posting a second year of bumper profits. Local insurers saw gross written premiums increase by 0.5%, but 2019 will be more challenging as pricing is reduced. [image: Zawya]
Read More
