The partnership aims to provide a boost to Ant Financial’s existing blockchain capability and is expected to expand the reach of remittance services for both companies. The two companies will also explore other areas of collaboration, including digital gifting as well as driving efficiencies through Ant Financial’s Ant Blockchain Information System.
The partnership is not the first Ant Financial has made in the UK in 2019. The Chinese fintech company acquired Worldfirst, a UK-based payments company, after its acquisition of US money transfer company MoneyGram in 2018 fell through over US national security concerns, according to Tech Node.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now