Ant Group

Bringing you the latest news briefs on fundraising activities in the Asia Pacific.

Fostering global commerce inclusivity is central to Ant International’s “4T” strategy, underpinned by its four key business pillars: Alipay+, Antom, WorldFirst, and Anext Bank.

The program integrates the Alipay merchant network with overseas mobile wallets, enabling seamless payments within mainland China.

Mastercard and Alipay collaborate to introduce cashless payments for international visitors in China, offering seamless transactions and convenience while promoting tourism rebound.

Data from the WorldFirst platform revealed that the number of export markets for Chinese SMEs doubled year-on-year in Q1 2023, with some exporters selling to as many as 42 overseas markets.

Alipay+ e-wallets can now be used to pay at 11,000 stalls in Singapore’s hawker centres, coffee shops, wet markets, and canteens.

By forming partnerships with local wallets instead of competing against them, Ant Group’s Alipay+ connects consumers and businesses across the globe.

Analysts say founder’s imprint on the company may linger despite new structure.