BEIJING, Apr 19 (Reuters): Ant Group, the fintech unit of China's Alibaba Group, is set to become the majority investor in Singapore-based payments platform 2C2P as part of a partnership, the companies on Monday.
The deal will lead to the integration of Ant's Alipay+ payment service with 2C2P's platform used by merchants in Asia, Europe, the Middle East and the Americas.
Ant has over the years deepened its presence in Southeast Asia by investing in and partnering with fintechs, and recently appointed a general manager for the region to ramp up growth outside of China.
Ant Group to take up majority stake in 2C2P
FE Team | Published: April 19, 2022 22:27:05
Ant Group to take up majority stake in 2C2P
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