Whale Cloud, a tech firm offering software solutions and services for telecommunications and several other industries has formed a partnership with Toka Fintech, a Mexican financial group, in order to assist with creating its own virtual payment app with Alipay+ Digital Wallet Solution, providing consumers with improved access to inclusive financial services.
As noted in the update, Toka Fintech is a firm that is part of the Grupo Toka, which is one of the most “important” groups in the prepaid card market and has over 4.5 million clients in Mexico. Grupo Toka is “increasingly embracing digital payment services because of the fast adoption of smartphones in the country and the COVID-19 pandemic,” the update revealed.
Via this partnership, with proven payment tech, project delivery and operation experience from Whale Cloud and Ant Group in international markets, Toka Fintech will “further embark on its digital payment journey and bring the inclusive, digitalized and personalized services to more businesses and customers in Mexico.”
The announcement also mentioned that Whale Cloud and Ant Group will “help Toka Fintech develop an all-in-one digital payment app tailored for Latin America market, providing comprehensive payment services powered by innovative technologies including financial-grade cloud native computing and AI-driven risk management.”
Hugo Villanueva, CEO and Owner of Toka Fintech, stated:
“As a company that aims to continuously create value for customers, Toka Fintech is taking the lead in encouraging the use of innovative technologies in the delivery of financial services. The partnership with Ant Group and Whale Cloud is a milestone for us to advance financial inclusion.”
Cheng Guoming, GM at Alipay+ Global Partnership, Ant Group, added:
“We’re excited to serve the digital payment journey of Toka Fintech. Together with Whale Cloud, we are willing to share our technical know-how and experiences to accelerate customers’ digital transformation and help underbanked communities across the world enjoy more inclusive services.”
Ben Zhou, CEO International, Whale Cloud. said:
“Toka Fintech will be the first in Latin America to adopt Alipay+ Digital Wallet Solution. Whale Cloud is so happy to turn Toka’s strategy into actions to reinforce its market position in advancing inclusive digital services.”
Alipay+ Digital Wallet Solution offers a complete suite of payment tech and products to “help customers develop their own e-wallet apps more efficiently, enable their users to top up, transfer, withdraw money and enjoy financial services directly from mobile devices, while allow merchants to accept these users’ online and offline payments, and manage their own loyalty and promotion campaigns.”
Whale Cloud and Ant Group had entered a partnership since 2020 to offer clients across industry segments with financial tech consulting, solution designing and delivery, and operation services.