Ant Group Acquires Multisafepay for 200M to Boost Global Expansion

Ant Group Acquires Multisafepay for 200M to Boost Global Expansion

Ant Group plans to acquire Dutch payment company MultiSafepay for $200 million, expanding its global payment footprint. Alipay is focusing on its international version to enhance the cross-border payment experience. This acquisition and the development of Alipay's international platform signify Ant Group's continued efforts to strengthen its position in the global payment market and provide more convenient and efficient cross-border payment solutions for users worldwide. The move aims to capture a larger share of the growing international payment market.

02/12/2026 International Settlement
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Australian Ecommerce Firm Catch Group Shuts Down Amid Sector Struggles

Australian Ecommerce Firm Catch Group Shuts Down Amid Sector Struggles

Australian e-commerce platform Catch will close in 2025 after accumulating losses exceeding AUD 350 million. Its decline is attributed to high operating costs, ineffective marketing, and intensified market competition. Catch's closure sparks reflection on the importance of differentiated competition, refined operations, and adapting to market changes in the e-commerce industry. It also highlights the challenges faced by local e-commerce platforms when competing against international giants.

02/12/2026 Logistics Industry Insights
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Zongteng Group Named Among Chinas Top 500 Service Firms Again

Zongteng Group Named Among Chinas Top 500 Service Firms Again

Zongteng Group has been recognized as one of China's Top 500 Service Enterprises for four consecutive years, with its ranking steadily improving, demonstrating its outstanding strength and stable development in the cross-border logistics sector. As a "Global Cross-border E-commerce Infrastructure Service Provider," Zongteng Group is committed to providing professional logistics service guarantees for Chinese enterprises, helping Chinese brands go global.

02/11/2026 Logistics
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Armenia Boosts Customs Efficiency Via Wcos Blue Corridor Initiative

Armenia Boosts Customs Efficiency Via Wcos Blue Corridor Initiative

Armenia is collaborating with the World Customs Organization (WCO) to enhance trade facilitation by building an efficient "Blue Lane" through improved risk management and post-clearance audit capabilities. A WCO expert team conducted a diagnostic mission to Armenia, providing support for optimizing its risk management system, refining post-clearance audit mechanisms, strengthening international cooperation, and enhancing the capacity of customs officers. This collaboration aims to assist Armenia in achieving its trade facilitation goals by modernizing customs procedures and reducing barriers to trade.

01/26/2026 Customs Knowledge
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Uzbekistan Boosts Customs Audits with Maldives Peer Learning

Uzbekistan Boosts Customs Audits with Maldives Peer Learning

Under the WCO Mercator Programme, the SECO-WCO Global Trade Facilitation Programme facilitated a virtual learning exchange between the Customs administrations of Uzbekistan and Maldives, focusing on post-clearance audit. Maldives Customs shared its experiences in organizational structure, legal framework, operational procedures, inter-agency coordination, and IT systems. This effectively enhanced Uzbekistan Customs' post-clearance audit capabilities and strengthened cooperation between the two Customs administrations. The exchange highlights the importance of knowledge sharing and collaboration in improving trade facilitation practices globally.

01/30/2026 Customs Knowledge
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Colombia Customs Adopts Brazilian Expertise to Boost Audits

Colombia Customs Adopts Brazilian Expertise to Boost Audits

With the support of the World Customs Organization, Colombian Customs officials visited Brazil to learn about risk management and post-clearance audit practices, aiming to improve their own customs operations. During the visit, they gained insights into Brazilian Customs' intelligence gathering, risk assessment, and audit methodologies, establishing a cooperative relationship. Colombia intends to leverage Brazil's experience to enhance its own system and facilitate international trade. This collaboration is expected to contribute to more efficient and effective customs procedures in Colombia.

02/12/2026 Customs Knowledge
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Maldives Customs Modernizes Risk Management After WCO Report

Maldives Customs Modernizes Risk Management After WCO Report

The World Customs Organization (WCO) presented a diagnostic report to the Maldives Customs Service, highlighting areas for improvement in customs valuation, post-clearance audit, and risk management. The report recommended establishing a robust risk management system, optimizing valuation processes, and upgrading audit methodologies. The Commissioner General of Maldives Customs pledged to develop an action plan based on the recommendations to enhance customs efficiency and transparency, ultimately fostering economic development. This initiative aims to modernize customs operations and facilitate smoother trade flows for the Maldives.

12/30/2025 Customs Knowledge
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New IATA Guide Shifts Aviation Safety to Riskbased Audits

New IATA Guide Shifts Aviation Safety to Riskbased Audits

The International Air Transport Association (IATA) has released a new edition of the 'IOSA Audit Best Practice Handbook' to promote a shift towards risk-based aviation safety audits. The handbook provides guidance on advanced auditing techniques and internal audit program development. Used in conjunction with the IOSA Standards Manual, it helps airlines enhance their safety management and prepare for the new standards taking effect on April 1, 2025. This resource aims to support airlines in improving safety performance through a more proactive and targeted approach to auditing.

01/20/2026 Logistics Encyclopedia
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Aviation Industry Urges Stricter Safety Audits and Quality Control

Aviation Industry Urges Stricter Safety Audits and Quality Control

This report delves into the crucial elements of aviation safety audits and quality control, interpreting the core standards of ICAO Annex 17. It analyzes industry standards and national safety programs, elaborating on audit processes and quality control systems. Furthermore, it introduces professional training courses offered by IATA, designed to help practitioners enhance their safety audit capabilities and build a robust safety defense, ultimately ensuring aviation safety. This includes understanding key performance indicators and risk assessment methodologies to improve overall safety management systems within the aviation industry.

01/20/2026 Logistics Encyclopedia
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Uzbekistan Maldives Boost Customs Audits in Joint Workshop

Uzbekistan Maldives Boost Customs Audits in Joint Workshop

Under the World Customs Organization framework, Uzbekistan and Maldives Customs successfully held an online seminar focusing on the exchange of Post-Clearance Audit (PCA) experiences. The Maldives shared their practices in organizational structure, legal framework, operating procedures, and IT systems, aiming to enhance Uzbekistan's capabilities in PCA. This exchange also strengthened customs cooperation between the two countries, fostering trade facilitation and improving customs administration efficiency. The seminar provided a platform for knowledge sharing and best practice adoption in the area of post-clearance audit.

01/26/2026 Customs Knowledge
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