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Ant Group is looking to expand into the payments markets of Europe, Middle East and Latin America with its Alipay+ offering. The company introduced Alipay+ in 2020, allowing foreigners to use apps from their home countries to make payments in China by scanning QR codes of Alipay – Ant Group’s largely domestically-focused platform – and in other countries via local partners.
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“What we found is that people want to use their home e-wallets when they travel abroad. So they don’t want to have to load their card into another app that they don’t know as well,” Douglas Feagin, senior vice president of Ant Group, an affiliate of Chinese tech giant Alibaba , told CNBC.
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