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Alibaba-backed Ant Financial grew its client base of mainland Chinese lenders by 175 percent in just two months through April this year, as the nation grappled with the ongoing pandemic. Paying customers from the banking sector grew to over 200 (out of around…
Ant Financial Services subsidiary Alipay says it will spend the next three years opening up its online payments platform to support the digital transformation of 40 million service providers across China. “The service sector in China is still in the nascent…
Ant is expected to have significant influence and provide technical expertise to the e-wallet, created locally by a small start-up. Chinese digital finance giant Ant Financial has acquired a «sizeable» stake in Vietnamese e-wallet eMonkey, «Reuters» reported…
Ant Financial and Vanguard establish a joint venture to provide advisory services to China’s onshore retail market. U.S. asset manager Vanguard would provide customized solutions to investors based on their risk profile, time horizon, and investment…
Ant Financial is building a roughly $1 billion investment fund to back start-ups across Southeast Asia and India. Alibaba’s financial technology arm is looking to expand its reach across the region using a huge war chest. Plans for the fund are at an early…
Jack Ma’s Ant Financial Services may apply for a virtual banking license in Singapore, potentially making a splash in the regional banking landscape. Ant Financial Services is the latest contender to enter the race for a digital banking license. Up to two…
Alibaba subsidiary Ant Financial says it plans to buy UK-headquartered money-transfer company WorldFirst. And in separate news, the Chinese e-commerce behemoth is in discussions over investing in the Metro China wholesale retail business. The WorldFirst deal…
Ant Financial Services Group (“Ant Financial”) has signed a strategic cooperation agreement with Shanghai Pudong Development Bank Co., Ltd. (“SPD Bank”) to support the bank’s digital transformation with Ant Financial’s technological capabilities. The…
The leading mobile financial services provider of Bangladesh, bKash Limited (“bKash”) and Ant Financial Services Group (“Ant Financial”), operator of Alipay, today announced a strategic partnership to promote financial inclusion for the unbanked and…
Apple China will accept Alipay in its stores – the first third-party mobile payment system to be accepted at any Apple store worldwide. This follows lukewarm reception in China for Apple’s own payment system, says Reuters. The IT giant will accept Alipay…
Alibaba’s Hema supermarket says it will open three stores in the Chinese city of Xian by the end of this year. The offline supermarket’s expansion into the northwestern Chinese city follows an announcement that it will add 30 locations in Beijing by year-end,…
Alibaba’s financial arm Ant Financial is looking to create more “cashless” cities across China, with the latest agreement inked with Tianjin municipality in North China. The city-wide “cashless” campaign pushed by the e-commerce giant is the fourth…
Alibaba plans to form independent research and development teams to build up core technologies that support its vision of serving 2 billion people in the future. The giant e-commerce and technology company unveiled its grand plan at its inaugural tech summit,…
Alibaba’s Ant Financial is making its first foray into the Philippines via partnership with Ayala and an investment into Globe Telecom’s Fintech business unit Mynt. The fresh capital infusion will help Mynt achieve its vision of becoming a world-class online…
Ant Financial Services Group has announced a strategic agreement with Thailand fintech company Ascend Money. Under the agreement Ant Financial will invest in Ascend Money, with the aim of accelerating the growth of a mobile lifestyle and digital financial…
Ant Financial Services Group (“Ant Financial”, or the “Company”), one of the world’s leading digital financial services providers, today announced its global blueprint for promoting digital financial inclusion, and a strategic agreement with Ascend Money, the…
