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Alibaba’s Singles’ Day sales top $38 billion and achieves a 26% increase from last year
Date: Nov 14, 2019   |   Author: Sara Wang | Current Account
Alibaba’s Singles’ Day, the world’s biggest shopping festival, brings in a record of $38.4 billion this year as sales hit $1 billion in the first minute and eight seconds
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Embracing technology to navigate the complexities of trade compliance
Date: Nov 08, 2019   |   Author: Siddharth Chandani | Research Note
The rising costs of compliance and due-diligence have motivated trade finance providers to find innovative solutions aimed at accelerating the process of trade transformation.
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Customer-centric mobile technologies continue to reshape Sub-Saharan Africa’s payments industry
Date: Oct 28, 2019   |   Author: Faith Masekesa | Research Note
Africa’s payments services architecture is rapidly evolving in response to changing technology and customer expectation. While non-banks such as mobile network operators (MNOs) are the key drivers of disruptive payments technologies in Africa, traditional banks are also creatively developing and integrating disruptive technologies to address the continent’s payment challenges and most importantly meet customer expectations.
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Gojek founder Nadiem Makarim quits CEO position to work for Indonesian government
Date: Oct 24, 2019   |   Author: Ashley Lucas | Current Account
Nadiem Makarim, Gojek founder and CEO, joins Indonesian President Joko Widodo’s cabinet as the minister of education and culture. Senior executives Andre Soelistyo and Kevin Aluwi will be taking over the tech giant’s operations as co-CEOs.