Ant Financial said on Thursday it has fully acquired London-based currency exchange service WorldFirst, flexing its financial clout. FinanceAsia takes a look at how far it has come in fulfilling its global ambitions.
The $700 million price tag makes WorldFirst the largest overseas purchase by Ant Financial since its inception in October 2014.
It is also the Chinese online payment giant's first major foray into a developed market after making smaller investments in emerging markets like Bangladesh, Pakistan and Indonesia.
Alipay and WorldFirst’s capabilities and international footprints are highly complementary, and together, we will be able to better serve...