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China’s Ant Financial to acquire UK currency exchange WorldFirst
- Friday | 15th February, 2019
Media reports first surfaced in December that Ant Financial was in talks to purchase WorldFirst. Best known for Alipay, a payment service for making online purchases, it has steadily become a financial service provider that offers lending, savings, and other products for consumers. Ant Financial is an affiliate of Alibaba, China’s largest e-commerce company. Ant Financial declined to disclose the terms of the purchase. Ant Financial ran into problems when its plan to purchase MoneyGram, a U.S. based money remittance provider, was blocked by regulators in Washington on national security grounds.
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