The owner of Alipay has tied up on global payments with firms such as Uber Technologies Inc. and hired former Goldman Sachs Group Inc. senior partner Douglas Feagin in its push for international business.
Our tactic is to look for partners in all countries to help us achieve the goal of offering inclusive financing globally.
In South Korea, it won preliminary approval of an Internet bank license through SK Telecom Co., she added.Ant Financial is considering an initial public offering on the Shanghai stock exchange as early as this year, people familiar with the matter said last month.
Controlled by billionaire Alibaba founder Jack Ma, Ant Financial has evolved from an outsider in a tightly controlled industry to an online giant now working with the largest state players, including China s sovereign wealth fund and the nation s second-largest bank.
That includes Alipay, the most popular way for people to shop on Alibaba s platforms, and Tencent Holdings Ltd s Weixin Payment.
Users need to provide at least five verification methods to have a so-called comprehensive account, allowing annual online or mobile payments of as much as 200,000 yuan $30,500 per person.Alipay said last week customers who don t have a mainland China bank card won t be able to keep money in accounts from July 1, though overseas users will still be allowed to use other payment methods, such as credit cards, to shop on Alibaba websites.