Ant Group, a fintech, open banking, and payments provider that supplies sustainable services as an affiliate of Alibaba Group, recently announced it has forged a strategic relationship with Singapore-based payments platform 2C2P, which would see Alipay Global become the main shareholder in the company. Ant’s Alipay+, a cross-border digital payment service launched in 2020 that can process a wide range of mobile payment methods from around the world, is expected to benefit greatly from the investment. Kakao Pay, AlipayHK, and Klarna are among the 250 payment alternatives available through that service. 2C2P would broaden such possibilities to include even more e-wallets and local payment methods. As a restructuring process to comply with stricter Chinese rules nears completion, Ant’s strategic alliance with 2C2P implies a sharpened focus on growth.
Ant Group to take over Singapore-based payments firm 2C2P as fintech giant sharpens focus on growth, overseas expansion | South China Morning Post