Tag: Ant Financial

Outgoing US president Donald Trump has signed an executive order banning transactions with eight Chinese-connected apps, including Alipay.

After a year waiting, Singapore's central bank has finally revealed which four companies will be allowed to open digital banks in the country.

Amidst the coronavirus crisis, many FinTech companies have still been able to raise big rounds. Here are 35 of the successful investment stories that we paid special attention to in the past week.

The global market for merchant payment platforms is seemingly in for a good time even though the risk of payment fraud is expected to rise, according to a new report from Juniper Research.

QEDIT, which has built a data privacy platform for blockchain-based transactions, has closed a $10m Series A round.

Bahrain FinTech Bay, a FinTech hub for the Middle East and Africa, has opened and announced its founding partners and some of its startups.

Ant Financial is continuing to make its presence felt outside of the Chinese market with the acquisition of Lazada’s payments arm HelloPay. The financial terms of the deal are undisclosed.

A bidding war seems on the cards over remittances service MoneyGram as Kansas-based electronic payments firm Euronet Worldwide attempts to swoop in on Ant Financial’s $880m acquisition.

Ant Financial continues to expand its reach outside of China with a $200m investment in South Korean mobile giant Kakao’s finance subsidiary Kakao Pay.

Chinese fintech giant Ant financial is making moves in the Philippines with an investment in Mynt. The size of the deal is undisclosed.