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Insights
07-May-19 A day after India’s largest e-wallet Paytm entered the credit card business, local ride-hailing giant Ola is following suit. Ola inked a deal with state-run SBI and Visa to issue 10 mn credit cards in the next three years. [image: Techcrunch]
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02-May-19 Foreign remittances to Asian countries hit USD300 bn for the first time in 2018, underscoring the ever-rising importance of overseas employment for the region. Major recipients such as Pakistan and the Philippines have GDPs only slightly bigger than that. [image: World Bank staff estimates, World Development Indicators, IMF Balance of Payments Statistics / Asia Times]
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19-Mar-19 Columbia Pacific Management’s Asian hospital business has drawn interest from global PE players including KKR, CVC and Carlyle. If successful, the deal would be worth USD2 bn and be the biggest transaction in Southeast Asia’s hospital sector in nine years. [image: The Star]
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12-Mar-19 Bangladesh's Prime Bank has launched the first JCB Platinum Credit Card in the country. Prime Bank and JCB have been developing a partnership since entering an acquiring license agreement in 2013. [image: ACN Newswire]
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28-Feb-19 Future Retail, which operates local retail chains such as Food Hall and Nilgiris, has secured a deal with 7-Eleven to set up the first 7-Eleven stores in India and will convert some of its existing operations into 7-Elevens. [image: Reuters / Toru Hanai]
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