Alipay, the Chinese mobile payment giant owned by Alibaba Group, will purchase 20% of the shares of the mobile financial services provider company bKash Limited. In addition to this, bKash has signed a strategic partnership with Alipay operator Ant Financial Services Group for enhancing its technological capabilities. Meanwhile, a press release from bKash said it has formed a strategic partnership Ant Financial Services Group. “Ant Financial and bKash share similar goals, in that we want to bring equal opportunities to everyone here in Bangladesh. Operated by Ant Financial Services Group, Alipay is the world’s leading third-party payment platform.

Source: Dhaka Tribune April 26, 2018 12:45 UTC