HONG KONG (Nov 1): Ant Financial Services Group, the world's biggest financial technology company, plans to focus its expansion plans in Asia before looking to go more global, a senior official said on Tuesday. "We are leading first with payments and related services but we may very well offer other products and services market by market," Feagin said. Last month Ant expanded its mobile payment app service into the US market in a bid to reach Chinese consumers travelling abroad. Ant said in a statement that it has 450 million users, of which 40 million are outside China. In August both Alipay and Tenpay secured licenses to operate their mobile payments services in Hong Kong.

Source: The Edge Markets November 01, 2016 08:08 UTC