Tag "Ant Financial"
Ant Financial to Invest US$ 73.5m in Wave Money to Drive Financial Inclusion in Myanmar
Wave Money and Ant Financial today announced a strategic partnership to promote financial inclusion in Myanmar. Wave Money is a joint venture between Telenor Group and the Yoma Group. As part of this partnership, Ant Financial plans to invest US$73.5
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Ant Financial Opens Consortium Blockchain Platform to SMEs and Developers
Ant Financial announced the launch of OpenChain, a blockchain platform that enables small and micro enterprises (SMEs) and developers to tap into Ant Financial’s proprietary consortium of blockchain technologies and deploy blockchain-powered smart contracts and decentralized apps (DApps) with higher
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41 Fastest Growing Fintechs in China According to IDC
IDC Financial Insights released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players based
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Ant Financial to Host Major Fintech Conference in Shanghai
Ant Financial best known for its payments platform Alipay, today announced the launch of the INCLUSION Fintech Conference, an event that aims to bring together the global financial and technology community, to envision the future of a world that’s more
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Ant Financial and US-Based Vanguard to Offer Investment Advisory for Retail Consumers
Vanguard, the $5.9 trillion U.S.-based asset manager, and Ant Financial Services Group, Alibaba’s fintech arm, announced a partnership to bring a new streamlined and broadly-available investment advisory service to retail consumers in China. Combining Alipay’s technology and Vanguard’s expertise in
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How China’s Virtual Banks Are Offering Loans to Micro-Businesses Within Minutes
In China, online lenders are filling the credit gap, leveraging cutting edge technology including artificial intelligence (AI) to make lending decision in just a second. E-commerce giant Alibaba’s MyBank and Internet conglomerate Tencent’s WeBank, have dramatically changed the domestic financial
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China’s Top 10 Fintech Startups and Companies
China continues to be the world’s undisputed fintech leader, with about 600 deals completed in 2018 and a fintech adoption rate of 69%, the highest in the world, according to EY’s 2017 Financial Technology Adoption Index. Out of the world’s
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Competition Heats up for Japan’s Mobile Payments Market
Mobile payments is rapidly becoming a dynamic market in Japan as the government pushes to increase cashless payments to 40% of transactions by 2025 from 20% in 2016. Japan is a highly cash-dependent society with cash in circulation amounting to
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How China’s Fintech Giants are Tapping into a US$ 600 Billion Market
China’s tech giants Alibaba and Tencent are going after global remittances, a market that sees more than US$600 billion being moved around the world annually, according to the World Bank. The two firms recently launched cross-border money transfer services to
Read MoreAlipayHK Will Be Offering QR-Based MTR Payments By 2020
After a fierce battle, AlipayHK wins the ability to provide QR code payment solutions for Hong Kong’s MTR, with the new payment system to be rolled out to 91 MTR stations by mid-2020. AlipayHK will serve as an extra option
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