Ant Financial

Ant Group took a majority share in payments platform 2C2P as part of a partnership designed to accelerate digital transaction adoption and innovation in Asia, along with bolstering its Alipay offering.

Alibaba Group’s financial arm Ant Group detailed a restructuring of its businesses to address government-mandated changes, vowing to return to its roots by focusing on micro-payments for consumers and SMEs.

Alibaba’s financial arm Ant Group rejected speculation it was considering offloading its stake in Indian mobile wallet company Paytm due to continued deterioration in relations between China and India, Reuters reported.

Mobile payments giant Ant Group moved closer to launching a multi-billion dollar IPO, filing formal documents with the Shanghai Stock Exchange for one segment of its dual-listing, Reuters reported.

Alipay-parent Ant Group began formal preparations for a long-speculated IPO of its business, a move the China-headquartered company’s chairman believes will provide greater transparency of the business to partners and regulators.

Telenor Group announced plans to sell its full stake in Myanmar mobile payments joint venture Wave Money to Yoma Strategic Holdings for $76. 5 million. The operator owns a 34.

Alipay-parent Ant Financial unveiled plans to invest $73. 5 million into Telenor’s Myanmar mobile payments joint venture Wave Money, with the former set to help develop a range of new services for the platform.