According to this report, Aliba’s affiliate Ant Financial – which runs the digital payments platform Alipay – has stated that it intends to sign up over two billion (yes, that’s with a “b”) users over the next 10 years for its full suite of fintech businesses worldwide. This covers an extremely wide breadth of categories including credit reporting, digital payments, fianancing, insurance and wealth management. Skeptics should not underestimate these folks’ assertions. In April it was announced that they raised over $4.5 billion (yes, with a “b” once again) in the largest private tech raise in the history of the planet.
Original Source for Story: Bankinnovation.net