Ant Group Partnering With Global E-wallets, Card Organizations; Launches Partnership On International Consumer Friendly Zones Program In China
Portfolio Pulse from Benzinga Newsdesk
Ant Group is expanding its global reach by partnering with Alipay+ to enable NayaPay users in Pakistan to pay at 80 million merchants in China directly through their app. Additionally, Ant International is launching a new initiative to create International Consumer Friendly Zones across China's main tourist and commercial cities to boost local consumption by providing a seamless cross-border payment experience.
April 08, 2024 | 1:32 pm
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Alibaba, through its affiliate Ant Group, is enhancing its global payment network and expanding its consumer base in China by partnering with NayaPay and launching International Consumer Friendly Zones.
The partnership with NayaPay and the launch of International Consumer Friendly Zones are strategic moves by Ant Group to enhance Alibaba's global payment network and consumer base. This expansion is likely to positively impact Alibaba's stock in the short term by increasing its market presence and potentially boosting revenues through higher transaction volumes and consumer engagement in China.
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