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Grab seeks merger of Indonesian e-payments firms in battle vs Gojek

Reuters
Posted at Sep 11 02:06 PM

Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to better compete with Gojek. Read more »

GCash pushes financial inclusion with QR-based mobile lending facility

ABS-CBN News
Posted at Jun 26 03:21 PM

GCredit allows users to pay bills and purchase from partner merchants using a credit line accessible within the GCash app, its operator said in a statement. Read more »

Hong Kong's digital banking push pits tech newcomers against old-guard lenders

Sumeet Chatterjee and Alun John, Reuters
Posted at Aug 30 05:57 PM

The deadline for the first batch of applications is Friday, and others expected to apply include Bank of China (Hong Kong), Chinese smartphone maker Xiaomi and online insurer ZhongAn, said the people and local media reports. Read more »

Ant Financial raises $14 billion in world's largest single fundraising

Adam Jourdan and Cate Cadell, Reuters
Posted at Jun 11 04:14 PM

Ant Financial Services Group, operator of China's biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private company. Read more »

Ant Financial raises $14 bln in world's largest-ever single fundraising

Reuters
Posted at Jun 08 06:35 PM

Ant Financial Services Group, operator of China's biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private company. Read more »

Globe fintech sticking to fiat currencies for now: CEO

ABS-CBN News
Posted at May 22 06:50 AM

Financial technology firm Mynt, which operates e-wallet GCash, believes in the value of blockchain technology but is unlikely to “touch” cryptocurrencies, its CEO said. Read more »

Jack Ma, Chinese tech help PH slay cash as king of payments

Jessica Fenol and Joel Guinto, ABS-CBN News
Updated as of May 22 01:45 PM

Black and white signs have begun to pop up beside thousands of cash registers in the Philippines, enticing users to scan them with their smartphones to pay for anything from burgers to bikinis. Read more »

Chinese 'glocalization' of fintech underway: Ant Financial

ABS-CBN News
Updated as of May 04 11:54 AM

Ant Financial is helping other countries build their local version of its cashless payment technology that started in China, harnessing the potential of the mobile phone to make money services more inclusive, an official said Friday. Read more »

GCash, Alipay target Chinese tourists with new payment scheme

ABS-CBN News
Updated as of Apr 16 10:46 PM

Globe Telecomm's fintech arm Mynt and Alibaba Group's Ant Financial on Monday jointly launched a new QR Code solution which will allow Philippine merchants to accept local GCash payments and payments from Chinese tourists using Alipay in one single connection. Read more »

Globe fintech arm, MoneyGram launch smartphone-based remittance service

Jessica Fenol, ABS-CBN News
Updated as of Nov 07 11:38 AM

Globe Telecom's financial technology arm said Wednesday it has partnered with global remittance firm MoneyGram to allow families of Filipinos abroad to receive remittances on their smartphones.  Read more »

Mobile phones, 'tingi' economy help fintech thrive in Philippines

ABS-CBN News
Updated as of Oct 11 12:47 PM

Widespread use of mobile phones and a "sachet" culture in retail provides a fertile environment for financial technology companies, an industry stakeholder said. Read more »

Finance chief eyes Jack Ma firm to help cut remittance cost

ABS-CBN News
Posted at Feb 08 11:23 AM

Finance Secretary Carlos Dominguez proposed tapping technology from Chinese internet giant Alibaba to help cut remittance costs for 10 million Filipinos working overseas, his office said Thursday. Read more »

China ministry says protectionist sentiment rising in US

Reuters
Posted at Jan 11 12:26 PM

China's commerce ministry said on Thursday protectionist sentiment is rising in the United States after Chinese company Ant Financial's plan to buy US money transfer firm MoneyGram International Inc collapsed. Read more »

US blocks MoneyGram sale to China's Ant Financial

Greg Roumeliotis, Reuters
Posted at Jan 03 09:09 AM

A US government panel rejected Ant Financial's acquisition of MoneyGram International Inc over national security concerns, the companies said on Tuesday, the most high-profile Chinese deal to be torpedoed under the administration of US President Donald Trump. Read more »

Globe, Jack Ma tie-up gets anti-trust watchdog's approval

Michelle Ong, ABS-CBN News
Updated as of Aug 24 03:45 PM

The Philippines anti-trust monitor said Thursday it approved the strategic partnership between Globe Telecom's Mynt and Ant Financial of Chinese internet billionaire Jack Ma. Read more »

Jack Ma tie-up positive for Globe, says analyst

ABS-CBN News
Posted at Feb 20 04:46 PM

MANILA – Globe Telecom's partnership with Chinese billionaire Jack Ma's Ant Financial Services is a step in the right direction for the telecommunications company, an analyst said Monday. Read more »

Jack Ma invests in PH

ABS-CBN News
Updated as of Feb 18 11:41 AM

Chinese billionaire Jack Ma will be investing in the Philippines through his Alibaba Group's affiliate, financial service provider Ant Financial Services Group. Read more »