China's Ant Group in talks to launch Alipay+ in Indonesia, says executive [Reuters]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Reuters
chief of its international business was quoted by media as saying on Friday after meeting with the country's communications minister. Launched in 2020, Alipay+ provides services and technology tools to global merchants and e-wallets that enable them to offer their users the ability to make payments in overseas markets with their local e-wallets. Peng Yang, CEO of Ant Group's international business group, was quoted by newspaper Kompas as saying the company was seeking guidance from Indonesia's central bank to operate in Indonesia, adding he hoped Alipay+ could be launched this year. Ant Group and Bank Indonesia did not immediately respond to a request for comment. Ant Group is the financial affiliate of Chinese e-commerce giant Alibaba Group (9988.HK) New Tab , opens new tab Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. Reporting by Stanley Widianto and Fransiska Nangoy; Editing by Brenda Goh and Mark Potter Ou
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