Billionaire Jack Ma believes that blockchain can revolutionize the world and moves from words to action: the affiliate of his Alibaba Group Holding has announced the new remittance service that will be free from transaction fees during the three month trial period.
Ant Financial will use this funding to expand its operations globally as well as towards developing emerging new technologies like blockchain.
Ant Financial, the operator of Alipay, is expanding its mobile payments platform into the United States market, following limited trials in California and New York.
The merger with Ant Financial will provide MoneyGram with resources to further develop its technology, systems and anti-money laundering and compliance programs.
Ant Financial is set to bring mobile payments technology to customers in Indonesia via a new partnership with major local media company Emtek.
Chinese e-commerce giant has unveiled its plans to launch a new service that will let customers to make payments in the virtual world by making hand gestures or nodding their heads.