Tag "Ant Group"

Ant Group Advances Global Expansion with Alipay+

Ant Group, a Chinese tech giant Alibaba affiliate, announced the expansion of its cross-border payments solution, Alipay+, into new global markets, including Europe, the Middle East, and Latin America. Introduced in 2020, Alipay+ facilitates international transactions by allowing users to

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Ant Group Rolls Out International Zones with Global E-Wallets and Card Partners

Ant Group, in collaboration with 11 overseas payment partners of Alipay+ and major international card organisations, launched a programme in Beijing to establish International Consumer Friendly Zones across significant tourist and commercial cities in China. This initiative, supported by relevant

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GSBN Partners Ant to Digitise Shipping Processes in Hong Kong’s wCBDC Project

The Global Shipping Business Network (GSBN), in partnership with Ant Group, has developed a prototype electronic bill of lading (eBL) to digitise the longstanding paper-based processes in the shipping industry. According to GSBN CEO Bertrand Chen, this advancement is part

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Ant Group Appoints Han Xinyi as President in Major Organisational Overhaul

Ant Group, a leader in financial technology based in China, is undergoing significant organisational restructuring, which includes the appointment of Han Xinyi as the new President of the company. This information comes from an internal email sent by the group’s

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China’s Ant Group Increases Transaction Limits for Overseas Travelers

Ant Group, in response to new policies by the People’s Bank of China (PBOC) aimed at facilitating international visits, has announced an increase in transaction limits for international travelers using its cross-border payment services. Effective immediately, the single transaction limit

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Ant Group Faces 92% Profit Decline in Latest Quarterly Report

Ant Group, the financial technology entity founded by Jack Ma, has witnessed a significant downturn in its quarterly earnings, with a 92 percent reduction as it navigates through an economic downturn and enduring regulatory oversight. Based in Hangzhou, the company

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Ant Group Close to Acquiring Dutch Payments Firm MultiSafepay for US$200 Million

Ant Group, an affiliate of Alibaba Group, is in advanced negotiations to acquire Dutch payment company MultiSafepay. The deal, pending regulatory approval, is estimated to value MultiSafepay at approximately US$200 million according to a source. MultiSafepay, founded in 1999, specialises

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Banking Circle and Ant Group Embark on a Liquidity Management Project

Luxembourg-based financial services company Banking Circle has tied up with fintech giant Ant Group to embark on a liquidity management project. The partnership aims to explore innovations related to tokenised deposits, with a focus on enhancing the efficiency and speed

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Cyberport Partners AWS, Ant Group, Polygon Labs for Web 3.0 Programmes

Cyberport, a digital technology hub in Hong Kong, announced that it will cooperate with the members of the Cyberport Technology Network (CTN), Amazon Web Services (AWS), Polygon Labs, and Ant Group to launch two Web 3.0 transformation and support programmes

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HSBC and Ant Group Successfully Tests Tokenised Deposits in HKMA’s Sandbox

HSBC and fintech giant Ant Group have successfully tested the use of tokenised deposits in intra-group payment transactions, in a first-of-its-kind initiative in Hong Kong. The test, conducted under the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox arrangement, encompassed the

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