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WORLD NEWS

China’s Ant Group to Take up Majority Ownership of Payments Platform 2C2P | Technology News

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(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.

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.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Aditya Soni)

Copyright 2022 Thomson Reuters.

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