Tencent opens up Philippines e-payment battlefront

The company behind WeChat Pay teams up with KKR to invest $175 million in Philippines digital payment platform Voyager Innovations, intensifying its rivalry with Alibaba.
October 05, 2018

Tencent took its mobile payment rivalry against Alibaba up a notch on Thursday by joining up with private equity fund KKR to invest $175 million in a digital payment platform in the Philippines. 

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