Ant Financial

Asian fintech firm TrueMoney partners with Thunes, a global cross-border payment network, to expand its global remittance services

Retrieved on: 
Tuesday, August 11, 2020
Economy, Money, Finance, Charoen Pokphand, Online payments, Alibaba Group, Ant Financial, Financial technology, TrueMoney, Ascend Group, Remittance, Financial inclusion

SINGAPORE and BANGKOK, Aug. 11, 2020 /PRNewswire/ -- TrueMoney, a leading Southeast Asian fintech company, has partnered with global cross-border payment company Thunes to expand its remittance services globally.

Key Points: 
  • SINGAPORE and BANGKOK, Aug. 11, 2020 /PRNewswire/ -- TrueMoney, a leading Southeast Asian fintech company, has partnered with global cross-border payment company Thunes to expand its remittance services globally.
  • This reinforces our mission to provide innovative financial services to all, leading them to better lives.
  • This is aligned with our objective of providing new payment options for our global partners and widen and deepen financial inclusion in Southeast Asia.
  • Established in 2003, TrueMoney has become a part of Ascend Group in 2014 and also a partner of Ant Financial Services Group since 2016.

Asian fintech firm TrueMoney partners with Thunes, a global cross-border payment network, to expand its global remittance services

Retrieved on: 
Tuesday, August 11, 2020
Economy, Money, Finance, Charoen Pokphand, Online payments, Alibaba Group, Ant Financial, Financial technology, TrueMoney, Ascend Group, Remittance, Financial inclusion

SINGAPORE and BANGKOK, Aug. 11, 2020 /PRNewswire/ -- TrueMoney, a leading Southeast Asian fintech company, has partnered with global cross-border payment company Thunes to expand its remittance services globally.

Key Points: 
  • SINGAPORE and BANGKOK, Aug. 11, 2020 /PRNewswire/ -- TrueMoney, a leading Southeast Asian fintech company, has partnered with global cross-border payment company Thunes to expand its remittance services globally.
  • This reinforces our mission to provide innovative financial services to all, leading them to better lives.
  • This is aligned with our objective of providing new payment options for our global partners and widen and deepen financial inclusion in Southeast Asia.
  • Established in 2003, TrueMoney has become a part of Ascend Group in 2014 and also a partner of Ant Financial Services Group since 2016.

WireBarley announces its strategic partnership with Alipay for easier and faster money transfer to China

Retrieved on: 
Tuesday, July 28, 2020
Alibaba Group, Mobile payments, Online payments, Jack Ma, Mobile applications, Alipay, Money, Finance, Economy, Remittance, Ant Financial

SEOUL, South Korea, July 28, 2020 /PRNewswire/ -- International money transfer company, WireBarley, announced its new partnership with China's largest mobile payment platform, Alipay.

Key Points: 
  • SEOUL, South Korea, July 28, 2020 /PRNewswire/ -- International money transfer company, WireBarley, announced its new partnership with China's largest mobile payment platform, Alipay.
  • Through this partnership, WireBarley's customers can transfer money to China from South Korea, Australia, USA, and Canada, and receive it through Alipay.
  • Furthermore, money transfer for international students who are studying in China is going to be possible early this 3rd quarter.
  • "With the partnership with Alipay, customers sending money to China can access easier and faster remittance services 24/7.

Fund Management Companies Enjoy Significant Followings on Alipay Open Digital Lifestyle Platform

Retrieved on: 
Wednesday, June 10, 2020
Mobile, Wireless, Technology, Finance, Banking, Professional services, Software, Internet, Data management, Retail, Online Retail, Alibaba Group, Online payments, Mobile payments, Alipay, Countries, Economy of China, East Asia, China, Ant Financial

Alipay, the worlds leading open digital lifestyle platform, today revealed that 82 fund management companies in China have collectively attracted over 120 million followers on their official corporate accounts on Alipay as of June 9, 2020.

Key Points: 
  • Alipay, the worlds leading open digital lifestyle platform, today revealed that 82 fund management companies in China have collectively attracted over 120 million followers on their official corporate accounts on Alipay as of June 9, 2020.
  • Further, 128 of 143 fund management companies in China are now offering products and services on Alipay.
  • In 2017, Alipay launched Caifuhao, a corporate account service powered by AI on Alipays wealth management platform.
  • Alipay is the world's leading open digital lifestyle platform operated by Ant Group.

Ant Group Releases 2020 CSR Report: Digital Technology Can Help Create a Better Future

Retrieved on: 
Thursday, May 21, 2020
Retail, Finance, Networks, Internet, Banking, Professional services, Technology, Mobile, Wireless, Public relations, Investor relations, Marketing, Other Retail, Advertising, Vacation, Communications, Transportation, Lodging, Specialty, Destinations, Travel, Ethics, Articles, Academic disciplines, Alibaba Group, Corporate social responsibility, Ant Financial

Ant Financial Services Group (Ant Group) has released its 2020 Corporate Social Responsibility (CSR) report, detailing its efforts to leverage the power of digital technology to build a better future, particularly as communities across the globe continue to grapple with challenges posed by COVID-19.

Key Points: 
  • Ant Financial Services Group (Ant Group) has released its 2020 Corporate Social Responsibility (CSR) report, detailing its efforts to leverage the power of digital technology to build a better future, particularly as communities across the globe continue to grapple with challenges posed by COVID-19.
  • View the full release here: https://www.businesswire.com/news/home/20200520005934/en/
    Together with its partners, Ant Group leverages digital technology to provide inclusive services, empower consumers and businesses, and enable a digital life accessible to all.
  • (Photo: Business Wire)
    At the heart of Ant Groups CSR efforts is a commitment to finding innovative yet simple ways to leverage digital technology and create a digital life that is accessible for all.
  • Ant Financial Services Group (Ant Group) is dedicated to using technology to bring the world equal opportunities.

MYbank Served Over 20 Million SMEs as of 2019, Further Spurring the Growth of China’s Small and Micro Businesses

Retrieved on: 
Monday, April 27, 2020
Professional services, Data management, Security, Technology, Software, Finance, Banking, Micro-enterprise, Ant Financial, MYbank

The average outstanding loan size for MYbank users was RMB 31,000 (approximately USD 4,300) in 2019, an increase of nearly 20% compared to last year, reflecting robust growth among SMEs in China.

Key Points: 
  • The average outstanding loan size for MYbank users was RMB 31,000 (approximately USD 4,300) in 2019, an increase of nearly 20% compared to last year, reflecting robust growth among SMEs in China.
  • MYbank plans on extending credit lines to 70% of small and micro businesses in China in 2020, up from 50% in 2019.
  • Small and micro businesses constitute an essential pillar of our economy, and we are proud to have supported over 20 million small and micro businesses as of 2019.
  • Through the plan, MYbank will enable 1,000 financial institution partners to provide more cost-effective financing services to 30 million SMEs in China.

Alipay Launches Initiatives to Support Wuhan Businesses as the City Comes out of Lockdown

Retrieved on: 
Wednesday, April 8, 2020
Retail, Security, Data management, Technology, Finance, Small business, Banking, Professional services, Online Retail, Restaurant, Bar, Software, Networks, Food, Beverage, Internet, Mobile, Wireless, Alibaba Group, Mobile payments, Online payments, Alipay, Economy, Money, Ant Financial, Finance

Alipay, the worlds leading open digital lifestyle platform operated by Ant Financial Services Group, today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.

Key Points: 
  • Alipay, the worlds leading open digital lifestyle platform operated by Ant Financial Services Group, today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.
  • These initiatives will later expand coverage to support service providers across China as they tap into the power of digital technologies to transform adversity into opportunities.
  • The section allows orders to be placed directly via the Alipay app for local specialty produce, and also enables users to access livestreams of tourist destinations across the city as it emerges from lockdown.
  • In addition, foreign tourists and foreigners living in China can also use Alipay for mobile payments in the country.

Smart2Pay Adds Ant Financial's HUABEI Credit Card To Its Payments Portfolio

Retrieved on: 
Thursday, March 26, 2020
Alibaba Group, Online payments, Mobile payments, Economy, Payment systems, Alipay, Money, Ant Financial, Credit card

Huabei is Ant Financial's virtual credit card for its Chinese users.

Key Points: 
  • Huabei is Ant Financial's virtual credit card for its Chinese users.
  • Some internal shareholders estimated that, of Alipay's 900 million Chinese users, more than half have created Huabei accounts.
  • James Flinterman, CEO of Smart2Pay: We are proud to add Huabei via Alipay to our already extensive Chinese payment methods portfolio.
  • Smart2Pay offers a single API for all payment services to international Merchants, covering credit card and local payment options throughout the world!

Ant Financial Unveils SaaS Version of Its Database Solution OceanBase

Retrieved on: 
Wednesday, March 25, 2020
Software, Banking, Mobile, Wireless, Networks, Online Retail, Internet, Other Retail, Professional services, Data management, Technology, Retail, Finance, Alibaba Group, Online payments, Computing, Digital technology, Alipay, Ant Financial, Software, Database, Software as a service, Relational database, Ant Financial, Alipay

Ant Financial today launched the Software-as-a-Service (SaaS) version of its technology product OceanBase, a financial-grade distributed relational database that has been a key computing infrastructure for Alipay since 2010.

Key Points: 
  • Ant Financial today launched the Software-as-a-Service (SaaS) version of its technology product OceanBase, a financial-grade distributed relational database that has been a key computing infrastructure for Alipay since 2010.
  • In response, Ant Financial began to develop OceanBase, and finally replaced all legacy database solutions with this new financial-grade product in 2016.
  • Since then, various major financial institutions, such as China Construction Bank, Bank of Nanjing, PICC Health, Bank of Suzhou and Guangdong Rural Credit Union, have deployed the OceanBase database solution.
  • To date, Ant Financial has provided more than 100 technology products and solutions, accelerating the digital transformations of over 200 financial institutions.

Alipay Announces Three-Year Plan to Support the Digital Transformation of 40 Million Service Providers in China

Retrieved on: 
Tuesday, March 10, 2020
Software, Internet, Finance, Professional services, Technology, Online Retail, Mobile, Wireless, Retail, Alibaba Group, Online payments, Mobile payments, Economy, Money, Finance, Alipay, Ant Financial, E-commerce payment system, TrueMoney, Taobao

Alipay, the worlds leading mobile payment platform operated by Ant Financial Services Group, today announced a three-year plan to further open up its platform to support the digital transformation of 40 million service providers across China.

Key Points: 
  • Alipay, the worlds leading mobile payment platform operated by Ant Financial Services Group, today announced a three-year plan to further open up its platform to support the digital transformation of 40 million service providers across China.
  • The service sector in China is still in the nascent stages of digital transformation, and that means it has huge untapped potential, said Ant Financial Chief Executive Officer Simon Hu.
  • A In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China.
  • Alipays in-store payment service covers over 50 markets across the world, and tax reimbursement via Alipay is supported in 35 markets.