Ant seeks to grow Alipay+ use in South-east Asian e-wallets, Buy Now Pay Later
Add BT as a preferred source
CHINA'S Ant Group plans to add more South-east Asian payments services to Alipay+, its cross-border payments solution. This could include e-wallets or even buy now, pay later (BNPL) services, said Cheng Guoming, general manager for the Alipay+ Global Payment Partnership.
"A lot of mobile payment businesses are booming, especially with the pandemic, in South-east Asia. It has grown very fast and I see a lot of competition there, but it is healthy," said Cheng, who spoke to The Business Times on the back of the Singapore FinTech Festival.
Launched last year, Alipay+ is a software suite that allows both online and physical businesses to process transactions from a range of digital payments partners. Its partners in South-east Asia include e-wallets such as Singapore's EZ-Link Wallet and Malaysia's Touch 'n Go.
TRENDING NOW
Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit
About 1 in 7 Singapore families has income of at least S$30k a month; share almost doubled in 5 years
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank
