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China’s payments giant is ready to boost financial inclusion in Africa
The cooperation, announced in Addis Ababa last week, is pegged to both the 2030 global sustainable development goals and the African Union’s Agenda 2060, which seeks to end poverty and improve lives through economic, social, and technological progress.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
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Jack Ma’s fintech startup shakes up China’s banks
Ant Financial Services Group, founded by Chinese billionaire Jack Ma, has become the world's biggest financial-technology firm, driving innovations that let people use their phones for buying insurance as easily as groceries, enabling millions to go weeks at a time without using physical cash. That success is also putting a target on the company's back.
- Categories
- Inclusive Fintech
- Region
- Asia Pacific
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Alibaba’s Ant Financial Just Launched a Blockchain-based Remittance Service
Ant Financial, Alibaba’s $150 billion financial affiliate, launched a blockchain-based service that lets Hong Kong’s large Filipino working population send funds to family back home quickly and securely.
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- Inclusive Fintech
- Region
- Asia Pacific
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Ant Financial sees huge growth for cashless payments in South America, Africa
Over the past three years Ant Financial, the fintech affiliate of Alibaba Group Holding has done nine partnerships. Within Asia, Ant Financial has forged partnerships with local companies in South Korea, Pakistan, Bangladesh and Hong Kong, Man said, adding that the company will continue to expand its footprint in the region.
- Categories
- Inclusive Fintech
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Ant Financial taps blockchain technology to offer cheaper international money transfers
Ant Financial Services has taken a step towards dramatically lowering the cost of sending money overseas, in a move that will help the hundreds of thousands of Filipinos working in Hong Kong.
- Categories
- Inclusive Fintech
- Region
- Asia Pacific
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China’s Ant Financial raises $10 billion at $150 billion valuation
Ant’s first fundraising targeting global money values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016.
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- Inclusive Fintech
- Region
- Asia Pacific
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bKash, Ant Financial to promote financial inclusion in Bangladesh
The partnership involves Ant Financial investing into bKash and increasing its technological capabilities, allowing it to provide greater convenience and security in mobile financial services throughout Bangladesh.
- Categories
- Inclusive Fintech
- Region
- South Asia
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Press release: Alipay Expands Global Footprint Into Mexico Through Partnership With Openpay
Alipay, the world’s leading digital payments platform, operated by Ant Financial Services Group, today announced that it is further expanding its footprint in the Americas through a partnership with Openpay in Mexico. Now, Alipay’s more than 600 million active users in China will be able to use Alipay to make purchases from Openpay’s affiliated businesses in Mexico. Alipay is China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers.
- Categories
- Inclusive Fintech
- Region
- Latin America
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