Alipay finds a partner in Bangladesh

Alipay is partnering with a financial services firm called bKash as it continues its overseas push.

Ant Financial Services Group, operator of Alipay, said on Thursday it has invested in a financial services provider in Bangladesh called bKash and will partner with it to promote financial inclusion for the unbanked and underbanked communities in Bangladesh.

The partnership involves Ant Financial increasing bKash's technological capabilities, allowing it to provide greater convenience and security in mobile financial services throughout Bangladesh. 

Established in 2010 by founding shareholders, BRAC Bank and Money in Motion, bKash is running a network of more than 180,000 agents throughout urban and rural areas of Bangladesh with over 30 million registered accounts.

“Along with its investment, Alipay...

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