China's Ant Group doubles down on global expansion with cross-border payments offering Alipay+ [MSNBC.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: MSNBC.com
Photo of a person making a mobile payment.Ant InternationalChinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world."What we found is that people want to use their home e-wallets when they travel abroad. So they don't want to have to load their card into another app that they don't know as well," Douglas Feagin, senior vice president of Ant Group, an affiliate of Chinese tech giantAlibabaThe group's global arm, Ant International, introduced Alipay+ in 2020, allowing foreigners to use apps from their home countries to make payments in China by scanning QR codes of Ant Group's largely domestically-focused platform Alipay.Ant had invested in country-specific e-wallets across Asia, but the CEOs wanted to take their products overseas, said Feagin, also president of Ant International."We see a huge opportunity for expansion and the relatively broad coverage we have in Asia – we [wou
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