Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company WorldFirst in a deal that sources tell us is valued at around $700 million. (That price would also line up with multiple reports from December claiming the two were in […]
View More Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700MCategory: moneygram
China’s Alipay digital wallet is entering 7,000 Walgreens stores
China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $100 billion, now sees its virtual wallet Alipay handling transactions at 3,000 Walgreens stores in the U.S. and is eyeing to reach a roster of 7,000 locations by April. The alliance will […]
View More China’s Alipay digital wallet is entering 7,000 Walgreens storesAlibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion
Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous $14 billion. The rumors have been flying about this huge financing deal for the past month or so, with multiple publications reporting that Ant […]
View More Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansionRipple announces XRP trial with cross-border remittance firm MoneyGram
Well, well, well. Ripple, the company behind the controversial XRP cryptocurrency which has been criticized for obfuscating the nature of its partnerships with financial organizations, has announced a tie-up with global payment network MoneyGram. MoneyGram, which saw a $1.2 billion acquisition from Alibaba’s Ant Financial affiliate collapse over concerns from the U.S. government, said it… Read More
Crunch Report | MoneyGram’s Sale to Alibaba Blocked by U.S. Government
Spotify files to go public, BloomThat gets acquired and MoneyGram’s sale to Alibaba got blocked by the U.S. government. All this on Crunch Report. Read More
The US government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial
The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal.
Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from… Read More
The US government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial
The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal.
Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from… Read More
The US government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial
The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal.
Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from… Read More