FinTech Magazine October 2023 | Page 38

Ant Group Our top fintech in APAC is Ant Group , the parent company of Alipay , and one of the world ’ s most-used mobile payment platforms . Alipay helps to connect consumers and merchants , supporting both ecommerce and physical transactions . Today , the fintech supports over 2,000 financial institutions in China to provide inclusive financial services – ranging from consumer finance and wealth management to insurance . It also collaborates with local governments in over 1,000 counties , more than 500 brands , and 1,000 financial institutions . Formerly part of the Alibaba Group , Ant Group was split out in 2011 . Recently , the founder of both Ant Group and Alibaba , Jack Ma , gave up overall control of Ant Group amid a whirlpool of regulatory scrutiny .
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Ant Group Our top fintech in APAC is Ant Group , the parent company of Alipay , and one of the world ’ s most-used mobile payment platforms . Alipay helps to connect consumers and merchants , supporting both ecommerce and physical transactions . Today , the fintech supports over 2,000 financial institutions in China to provide inclusive financial services – ranging from consumer finance and wealth management to insurance . It also collaborates with local governments in over 1,000 counties , more than 500 brands , and 1,000 financial institutions . Formerly part of the Alibaba Group , Ant Group was split out in 2011 . Recently , the founder of both Ant Group and Alibaba , Jack Ma , gave up overall control of Ant Group amid a whirlpool of regulatory scrutiny .

38 October 2023