TECH - Jack Ma Backed Ant Group's Alipay+ Broadens Payment Reach Across Continents: How It's Shaping Global Commerce? | Benzinga
Alibaba Group Holding Limited (NYSE:BABA) fintech affiliate Ant Group is enhancing its global presence through its digital platform, Alipay+, aiming to unify mobile payment apps worldwide.
Ant International, the group’s global division, launched Alipay+ in 2020. It allows users to make payments with apps from their home countries via Alipay’s QR code network and local partners abroad.
Douglas Feagin, Senior VP at Ant Group, emphasized that travelers prefer using their trusted home-country e-wallets instead of unfamiliar foreign apps, CNBC reports.
With this in mind, Alipay+ connects 88 million merchants across 57 countries and regions to over 1.5 billion consumer accounts from 25+ e-wallets and banking apps. They partner ...