Ant Worldwide reported a sturdy progress throughout its core enterprise segments following a spin-off in March as its mainstay cross-border cellular cost platform Alipay+ connects extra shoppers and retailers worldwide.
The Singapore-based abroad unit of Ant Group stated its 4 enterprise pillars – Alipay+, Antom, WorldFirst and Embedded Finance – have delivered sturdy efficiency over the previous yr, in keeping with an organization assertion.
Alipay+ has linked over 90 million retailers in 66 markets to 1.6 billion person accounts by way of collaboration with 35 cost companions worldwide, together with e-wallets and banking apps on the finish of November. They elevated from 88 million retailers in 57 markets and 1.5 billion customers December final yr.
Cross-border transactions by way of Alipay+ companions surged threefold in 2024, the corporate added, with out disclosing the sum. WorldFirst, a world business-to-business cost service, hit an annual whole cost quantity (TPV) of US$100 billion, or 4 occasions the extent in 2020.
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What’s Jack Ma’s Ant Group and the way does it earn cash?
What’s Jack Ma’s Ant Group and the way does it earn cash?
Antom, a merchant-facing cost service supplier, almost doubled its TPV year-over-year from January to November 2024, with card processing volumes rising greater than tenfold. It didn’t present the transaction quantity.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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