ChronoPay, from the Netherlands, has signed an agreement with China’s AliPay, with the goal of allowing its clients to target the Chinese market without the need to have a local office in China. AliPay is a member of the AliBaba Group and works like an escrow service. As of 20 December 2007, AliPay had more than 62 million users and a daily transaction volume exceeding €31m.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.