Ant Financial

Klarna

Ant Financial, owner and operator of the Chinese payment platform Alipay, has taken a minority stake in Swedish payments and shopping platform Klarna, as the two companies deepen their partnership to bring more innovative and convenient financial services to consumers worldwide. This investment in Klarna by Ant Financial, the payment

Commonwealth Bank today launched Alipay on its Albert terminals, meaning 94,000 Australians businesses with point of sale device will be able to accept the popular Chinese payment method. Today’s announcement builds on the MOU signed by CommBank and Alipay back in November 2016, and adds significant scale to Alipay’s existing

Alipay

EFTPOS and payment provider Smartpay has signed a deal with Ant Financial that will allow up to 25,000 Australian and New Zealand Smartpay merchants to accept Alipay as a payment method. Through the agreement Smartpay will not only enable but also acquire Alipay transactions, and earn a share of total

Alibaba Group

Alibaba’s shares fell 5.9 per cent today after the company announced its Q3 revenue surged 56 per cent and it is acquiring a 33 per cent stake in its payment affiliate Ant Financial. Ant Financial, which operates Alipay, was spun out from Alibaba in 2011 ahead of its 2014 IPO

Ant Financial’s acquisition of MoneyGram has been called off after the companies were unable to convince the Committee on Foreign Investment in the United States (CFIUS) to approve the deal. The Chinese payments company, which operates Alipay, is an affiliate of the Alibaba group and had hoped to buy US

chinese tourism

Alipay has launched its “Double 12” Global Shopping Festival in Australia for the first time in partnership with Westfield. Less well known than Double 11 or Singles’ Day, Double 12 could also be big business for Australian retailers. Held annually on the 12th of December, Double 12 is Alipay’s flagship

The Australian Tourism Export Council (ATEC) has inked a partnership with Chinese mobile and online payment platform Alipay, in a move that will support the expansion of its services into Australia’s tourism industry. The partnership, announced in front of over 400 industry leaders at ATEC’s annual conference held in Perth

Gartner has identified the top 10 digital disruptors in the Asia Pacific region. Lesser known than their Silicon Valley counterparts and rapidly expanding, Australian business leaders ought to familiarise themselves with these companies. “Ignoring them is not an option,” warned CK Lu, research director at Gartner, who presented the list

Jack Ma’s Ant Financial is buying US-based international money transfer service MoneyGram in a deal worth $US880 million. Read the third issue of Which-50 Magazine online for free – Customer Experience Edition Ant Financial, the financial affiliate of Alibaba and parent company of Alipay, offers a broad suite of digital-based