Ant Group’s Consumer Finance Unit in Chongqing Wins Operating Approval Chongqing Ant Consumer Finance Co. Ltd., has won approval to begin operating in the southwestern Chinese city, the Chongqing bureau of the China Banking and Insurance Regulatory Commission announced. Ant holds a 50% stake while six other shareholders own the remainder of the consumer finance unit, which will serve the needs of consumers while continually enhancing the quality of financial services and risk management capabilities. Read about this on CNBC andReuters.
AntChain Becomes Official Blockchain Partner of UEFA Football Games AntChain became the official global blockchain partner of UEFA EURO 2020 and UEFA national team football under a five year partnership agreement. Under the partnership, AntChain and UEFA will jointly explore how blockchain technology can be used to further the digital transformation of the football industry and improve the experiences of fans around the world. See details at The Paypers.
Tech for Good
MasterCard and Ant Partner for Greener Action Several companies including Ant Group, Mastercard, and BBVA formed a global partnership called the Every Action Counts coalition to encourage greener consumer behavior. The coalition, launched by the Green Digitial Finance Alliance, has set a target of creating a billion “green digital champions” by 2025. Ant will encourage users to adopt low carbon activities in daily life, while Mastercard will launch a reforestation initiative. Read more from FinExtra.
QR code Technology Provides Payments Solutions for Logistics and Delivery Workers in the Philippines During the pandemic, many Filipinos have relied on delivery and courier services to stay safe while shopping for essentials. GCash has partnered with key logistics and delivery service firms to provide secure payment solutions for customers and riders through its GCash QR code service – ensuring that both parties have peace of mind. Read more at MSN Money.
Around the World bKash Users Receive Discount for Online Doctors Appointments During Pandemic Users in Bangladesh can receive discounts of up to 50% on health check-ups and doctors consultations online when they pay with local e-wallet provider bKash at three healthcare service providers. Patients can also receive discounted Covid-19 test services from home using bKash. The service is aimed at curbing the risk of Covid-19 infections for patients and their relatives. Read more at MSN Asia.
GCash Receives Two Awards from Asian Banker’s Excellence in Retail Financial Services The Asian Banker’s Excellence in Retail Financial Services International Awards 2021 recognized GCash as the “Best Financial Inclusion Initiative/Application” for its Social Amelioration Program, which was implemented as a partnership with the government during the pandemic. It was also awarded the “Best Digital Brand Campaign” for its innovative #FightCOVID19 program. This year marks the awards' 20th anniversary. More details in BusinessWorld.
Did You Know?
Two NFT Images Sold on Alipay The non-fungible tokens (NFT)-backed images were put on Alipay and quickly sold out this month. NFT digital artworks are also auctioned on Alibaba's platform that can be accessed by Ant's Alipay app. Read more from Reuters.
Alipay Among Four Chinese Companies Sponsoring UEFA Euro Championship Those who tuned into the UEFA European Championship may have recognized Alipay’s logo on and off the field. This year, Chinese companies made up one third of the 12 top-tier sponsors. Read more from China Daily.