Android Century
  • Home
  • Android Zone
    • Android Apps
    • Android Games
    • Apps APk Files
    • Games Apk Files
    • Apps Hack Tricks
  • Reviews
  • Fantasy Zone
    • Entertainment
    • Quotes and Status
    • Life Style
    • Home Made Tips
    • Hair Care
    • Skin Care
    • Fantasy Tips
  • Tricks
    • Free Recharge
    • Free Internet
    • shopping Cashback
    • Recharge Cashback
  • Tech
  • Mobiles
  • Gadgets
  • News
  • How To's
  • Software
Breaking
Loading...

Featured post

How to Take Great Photos With Apple's iPhone X

Recent Posts

Labels

  • Android Apk Files
  • Android Apps
  • Android Games
  • Apps Apk Files
  • Entertainment
  • Fantasy Tips
  • Gadgets
  • Hair Care
  • HomeMade Tips
  • How To's
  • News
  • Quotes
  • Quotes & Status
  • Recharge Cashback
  • Recharge Promo Codes
  • Shopping Cashback
  • Technology
  • skin care
Home / News / Ant Financial to invest $200M in Korea's Kakao Pay amid global push

Ant Financial to invest $200M in Korea's Kakao Pay amid global push

Latest Govt. Jobs 18:04:00 News Edit
Ant Financial to invest $200M in Korea's Kakao Pay amid global pushChina's Ant Financial will invest $200 million in Kakao Pay, the mobile payment subsidiary of South Korean messaging platform giant Kakao, extending a major push by the Chinese firm to create a global network of financial assets.
The two firms said in a joint statement on Tuesday that the investment was part of a larger strategic partnership to help connect Ant's 450 million global users with Kakao Pay, which currently has over 14 million members on its platform.
Ant, valued at $60 billion during a $4.5 billion fund raising round last April, has been using its financial firepower to expand at home and overseas as it prepares for an initial public offering that could be later this year.
The firm, the payment affiliate of Chinese e-commerce giant Alibaba Group, announced an $880 million deal for U.S. money-transfer firm MoneyGram International last month.
Ant also has investments in Indian mobile payment and e-commerce website Paytm and Thai financial technology firm Ascend Money. It plans to expand in the Philippines with a stake in Globe Telecom's fintech firm Mynt.
"South Korea is an important market for Ant Financial in its global expansion, and we see many opportunities in the market for innovative services and growth in mobile payments," said Douglas Feagin, president of Ant Financial International.
Ant, the world's most valuable online finance company, dominates the online payments industry in China with its Alipay platform, but has been facing growing competition from domestic rival Tencent Holdings's Wechat Pay.
Ant is currently looking to raise as much as $3 billion in debt to fund acquisitions and further foreign investments, a person with direct knowledge of the matter told Reuters earlier this month.
"Ant's ultimate goal is to become a global payments monster - the biggest, broadest option for consumers," said Ben Cavender, Shanghai-based principle for China Market Research.
"The challenge is facing strong local players around the world, so it's cheaper to buy into these companies rather than burning money to steal market share from them."
Kakao, best known for its online messaging platform Kakao Talk, has in total over 48 million users. Its Kakao Pay unit is a financial services platform which offers services such as bill payment and remittance.
Share on Facebook Share on Twitter Share on Google Plus

RELATED POSTS


Vivo V9 with dual rear cameras

Xiaomi Redmi 5 launch

Vodafone partners with Tecno to off...
Ant Financial to invest $200M in Korea's Kakao Pay amid global push Ant Financial to invest $200M in Korea's Kakao Pay amid global push Reviewed by Latest Govt. Jobs on 18:04:00 Rating: 5

0 comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments ( Atom )

Search This Blog

TEST BOOK FOR GOVT ENTRANCE TEST

TEST BOOK FOR GOVT ENTRANCE TEST
Find All Latest book for preparation of SSC,RAILWAYBANK PO,RBI,BANK CLERK,GATE ME,GATE CE are available here in less prices, to check out the books click here

Translate

  • Popular Post
  • Random posts
  • Category

Popular Posts

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & Earn Offer:  Hey Guys! Today I make an article about Teen Patti Referral ...
  • Hands-on with the home windows 10 Creators update for the Xbox One: Beam recreation streaming arrives
    The Windows 10 Creators Update is here, now—yes,  now —but not (officially) on the PC. The ...
  • Taotronics TT-BH22 Headphones Review
    We make it a addiction to now not look up pricing of a product sooner than reviewing and if ...
  • Jio effect: Telcos may have to cut data rates 2017
    India's big  telecom  companies,  Bharti Airtel ,  Vodafone India  and  Idea Cellular , will be ...
  • How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks For Rooted Bluestacks Only Requirements: ...
  • WhatsApp now lets you search for GIFs from within its interface
    Spicing up your conversations with GIFs is easier than ever before. The latest update ...

Random Posts

  • How to Stop Google and Other Services From Tracking Your Location
    How to Stop Google and Other Services From Tracking Your Location
    07.01.2017 - 0 Comments
    when you're using a map app to discover your way around, or in case you want to check in to a location on…
  • Samsung SSD T5 in four capacities launched in India, starting at Rs 13,500
    Samsung SSD T5 in four capacities launched in India, starting at Rs 13,500
    24.09.2017 - 0 Comments
    Samsung has launched portable SSD T5 in India in four capacities – 250GB, 500GB, 1TB, and 2TB. SSD…
  • How to use one-handed mode on the Moto G4 and G4 Plus
    How to use one-handed mode on the Moto G4 and G4 Plus
    17.01.2017 - 0 Comments
    Nougat update brings an easy-to-use one-handed mode to the Moto G4 and G4 Plus. The Moto G4 and…
  • Islamic State trains 400 fighters to attack Europe in deadly wave of bloodshed
    Islamic State trains 400 fighters to attack Europe in deadly wave of bloodshed
    24.03.2016 - 0 Comments
    The Islamic State group has trained at least 400 fighters to target Europe in deadly waves of attacks,…
  • Review: HP Spectre x360
    Review: HP Spectre x360
    16.02.2017 - 0 Comments
    HP VERDICT The HP Spectre x360 has all the makings of a great 2-in-1 machine with a stylish chassis and…

Labels

Android Apk Files Android Apps Android Games Apps Apk Files Apps Hack Tricks Entertainment Free Internet Freecharge Gadgets Games Apk Files How To's Laptops Guide Mobiles Reviews Technology Viral's android zone free recharge

Entertainment

Tricks

Popular Posts

  • BenQ’s flagship photographer SW320 4K monitor in India costs Rs 1.25 lakh
    BenQ has launched ...
  • How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks
    How To ...
  • WhatsApp now lets you search for GIFs from within its interface
    Spicing up your ...
  • (no title)
    Go for someone who ...
  • (no title)
    I’m thinking of ...
  • Sony Xperia XZs first impressions: At Rs 49,990 every other ‘top rate’ supplying
    Sony Xperia XZs is ...
  • How to Take Great Photos With Apple's iPhone X
    How to Take Great Photos With Apple's iPhone X

Random Posts

  • 5 methods Apple making its very own iPhone and iPad GPU will have an effect on you
    5 methods Apple making its very own iPhone and iPad GPU will have an effect on you
    03.04.2017 - 0 Comments
    Apple has informed long-time supply partner Imagination Technologies it will no longer need its…
  • Greenify - The Best Android App to Extend Battery Life
    Greenify - The Best Android App to Extend Battery Life
    18.02.2017 - 0 Comments
    Are you annoyed that your phone's battery cannot last the whole day? Greenify app will help you by…
  • How to get Access to New Android Apps and Games in the Play Store
    How to get Access to New Android Apps and Games in the Play Store
    05.03.2017 - 0 Comments
    Getting hands-on time with apps, games, and other software before they’re technically ready for…
  • Swype gets its biggest update in a long time but it's still not as good as Gboard
    Swype gets its biggest update in a long time but it's still not as good as Gboard
    28.01.2017 - 0 Comments
    It may not have the influence it once did, but Swype's new update brings it back into focus. In the early…
  • Setting up an Android Spy App is as easy as using it (How to)
    Setting up an Android Spy App is as easy as using it (How to)
    11.02.2017 - 0 Comments
    There are many firsts in life, for example, first love, first job, first pay, etc. Is it your first time…

Most Popular

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & ...
  • SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J ...
  • Top 5 Best SmartPhones under 7000 Rs (March 2017)
    Looking for the ...
  • Apple, IBM, Cisco are huge because of Indians, do not deny them H-1B visa: RBI Governor Urjit Patel
    ...
  • SAMSUNG GALAXY J7 (2016) Specifications
    SAMSUNG GALAXY J ...
  • BlackBerry Teases Marshmallow Beta Testing for Priv by Next Week
    Blackberry ...
  • LG Q6 Review
    LG Q6 Review
    2017 is ...

Contact Form

Name

Email *

Message *

Offers Zone

Created By Android Century Distributed by Android Century
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms of use
  • Advertise here
Subscribe Via Email Subscribe To Android Century By Email And Get Free Updates. ;-)


Your email address is safe with us!