Ant Financial Seeking Expansion in Japan

Alibaba financial services subsidiary Ant Financial says it is interested in expanding to Japan; the financial services firm has been expanding in the Eastern World with ventures in Thailand, Indonesia, Australia The Philippines and Korea; it already has plans to double the number of Japanese stores that accept Alipay to more than 45,000 this year; while further details on an expansion timeline have not been released, a spokesperson for the firm has said, “In Japan, there is a strong need of financial services from small and micro enterprises, and Ant is willing to share its standards and experience with local partners.” Source

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