Chinese fintech Ant Group doubles down on global expansion with Alipay+ [Video]

Chinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world.

“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.

The group’s global arm, Ant International, 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.

“We see a huge opportunity for expansion and the relatively broad coverage we have in Asia – we [would] like to replicate in places like Middle …