Ant Financial to boost financial inclusion in Africa

Thursday 16 August 2018 14:16 CET | News

Ant Financial has partnered with United Nations Economic Commission for Africa (ECA) and the International Financial Corporation to promote financial inclusion in Africa.

The offering will target smaller businesses and would look to cater to largely unserved consumers, including displaced people and refugees with no official documents or identity papers.

The cooperation is pegged to both the 2030 global sustainable development goals and the African Union’s Agenda 2060, which seeks to end poverty and improve lives through economic, social, and technological progress.

By looking to Africa, the company hopes to replicate its success in countries including China, India, and the Philippines. In June 2018, it expanded into the global remittance market by launching a cross-border remittance service powered by blockchain technology.

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Keywords: Ant Financial, Alibaba, Alipay, financial inclusion, Africa, United Nations Economic Commission for Africa
Countries: World