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Changing Tides in Macau: A Turn Away From Gambling to a More Diverse Financial Ecosystem

The Fintech Times

Returning to China in 1999, Macau became a Special Administrative Region (SAR) under the ‘one country two systems’ policy. However, the country wants to diversify its economy. Diversifying the economy When China reopened, economic development and rebooting the tourism industry were top priorities.

SARS 59
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13 Fintech Giants Back Programme Sirius to Promote MSME Sustainability in APAC

Fintech News

With the backing of 13 fintech industry leaders from 11 economies, the programme aims to bolster MSMEs’ efforts in aligning with the United Nations Sustainable Development Goals by enhancing their sustainability practices through digital platforms.

APACS 102
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US Economy Could Lose $10B To Chinese Travel Ban 

PYMNTS

economy $10.3 economy” and the virus, Mark Zandi, chief economist at Moody’s Analytics, told Reuters on Tuesday (Feb. Since the 2002 SARS outbreak, Chinese tourism to the U.S. The self-governing island of Taiwan reported 10 cases. billion in lost tourism dollars. He forecasts real GDP growth in the U.S.

Economy 53
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South Africa Government Losing Billions To Trade Mis-Invoicing

PYMNTS

Analysts estimate the South African government has lost a total of about $37 billion as a result of misinvoicing in its global trade operations. Reports this week in South African publication the Daily Maverick said think tank Global Financial Integrity (GFI) has calculated the South African government lost about $7.4

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Fintech in China: Leading the Charge for Economic Progress in 2024

The Fintech Times

In 2024, China’s fintech landscape is playing an increasingly central role in its economic development, as the country continues to solidify its position as the world’s second-largest economy. China’s economy is diverse, with leadership across various sectors, including manufacturing, agriculture, and financial services.

FinTech 59
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Alipay+ Makes Travel Payments More Accessible Across the UAE Ahead of Chinese New Year

The Fintech Times

International visitors can now travel by taxi across the United Arab Emirates (UAE) as Alipay+ , the cross-border digital payment and marketing solutions provider, partners with key industries and government bodies. In Abu Dhabi, travellers can scan the QR code on the POS terminal with around 6,000 Abu Dhabi taxis.

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24 Fintech Opens its Doors to Inaugural Event, Aiming to Help Boost Saudi Economic Growth

The Fintech Times

.” Backing innovation and digitalisation “Financial innovation and fintech enablement is pivotal to the ongoing transformation of Saudi Arabia’s economy,” added Ayman Al Sayari , governor of Saudi Central Bank. billion by 2030.

FinTech 59