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Ant Financial makes another move in Southeast Asia

The Alibaba affiliate has acquired Singapore-based helloPay Group to support Alipay’s expansion in the region.

April 20, 2017 2:53 AM (UTC+8)

Alibaba Group’s payment affiliate, Ant Financial, has announced its acquisition of Singapore-based payment service helloPay Group, reports Reuters.

helloPay will be re-branded as Alipay in Singapore, Malaysia, Indonesia and the Philippines, as Alibaba continues its push to expand its payment service brand outside of China.

The move marks the first time Ant Financial has re-branded an acquisition under the Alipay name.