Tagged: ant group

Malaysian Fintech Valyou Introduces Blockchain based Remittance Service for Bangladeshi Workers Sending Money Back Home

Malaysia-based Fintech Valyou, a digital remittance payments service provider, has introduced a blockchain-enabled remittance solution in Bangladesh through a partnership with Standard Chartered and bKash, a mobile financial service provider. The distributed ledger tech (DLT)-powered platform will enable instant money transfers from Malaysia to Bangladesh…. Read More

Temasek Holdings and Saudi Arabia’s Sovereign Fund Reportedly Considering Investments in Ant Group’s Planned IPO

Temasek Holdings, a major Singapore state investor, is reportedly looking into making a potential investment in the planned initial public offering (IPO) of Chinese Fintech giant Ant Group, which might be the world’s largest iPO. GIC Pte Ltd, which is Singapore’s sovereign wealth fund (one… Read More

Ant Group Announces New Dates For Inaugural INCLUSION Fintech Conference

Ant Group announced on Wednesday new dates for the INCLUSION Fintech Conference, which will be September 24th to 26th. The event originally was set to take place in April 2020, but due to the COVID-19 pandemic, it was put on hold. According to Ant Group,… Read More

UK Fintech Paysend Teams Up with Alipay to Streamline Cross-Border Money Transfers and Promote Financial Inclusion

UK-based Fintech firm Paysend, which focuses on global payments, has revealed that it will be working with Alipay to offer new cross-border money transfer options that aim to bring more seamless and inclusive financial services to consumers throughout the world. Paysend claims that its agreement… Read More

Fintech Giant Ant Group’s Profits Increased 560% Year-Over-Year to an Estimated $1.3 Billion, Dual IPO Listings Forthcoming

Chinese Fintech Unicorn Ant Group, which is part-owned (33%) by digital commerce giant Alibaba, is currently planning dual IPO listings in Hong Kong and Shanghai. Established by billionaire Jack Ma’s Alibaba (NYSE:BABA), Ant Group, which includes AliPay, earned 9.2 billion CNY (appr. $1.3 billion) in… Read More

Ant Group to IPO on Hong Kong Exchange, Shanghai Exchange, Poised to be Largest Fintech Ever to Go Public

Ant Group (formerly Ant Financial) plans to execute concurrent listing on Shanghai Stock Exchange’s STAR market and The Stock Exchange of Hong Kong, according to a company release. The news of a pending initial public offering (IPO) was previously reported as word of the listing… Read More

China: WeiyangX Fintech Review

People’s Bank of China Digital Currency Research Institute and Didi reached a strategic cooperation to explore the application of digital currency The Digital Currency Research Institute of PBC and Didi Travel have officially reached a strategic cooperation agreement to jointly explore the innovation and application… Read More

Fintech Firm Ant Financial Partners Myanmar’s Wave Money to Promote Financial Inclusion for the Underbanked

Ant Financial, the Fintech division of Chinese multinational e-commerce giant Alibaba Group (NYSE:BABA), has teamed up with Digital Money Myanmar (Wave Money), in order to promote financial inclusion and help the country’s unbanked and underbanked population. Ant Financial will offer its expertise in mobile and… Read More

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