SHANGHAI – Chinese financial technology (fintech) giant Ant Group Co. Ltd. sees strong fintech and e-commerce growth in the Philippines and will continue to support the sector and emerging local talents.
This was the gist of discussions at the Zoom meeting on 27 October between the Philippine country team in Shanghai led by Consul General Josel F. Ignacio, and the Ant Group, represented by Senior Director Jason PAU and Mr. ZHANG Yinfan of the Ant Group. Present at the meeting were Consul John Francis S. Herrera, Philippine Trade and Investment Center Chief Mario C. Tani, and PTIC Assistant Sun Qian.
The Ant Group considers PH “a crucial partner”, having gained success in the country via its stake in GCash and FinTech unicorn Mynt. Ant is also harnessing and developing Filipino talent through fintech training under its 10x1000 Tech for Inclusion training program.
Both sides are currently coordinating on a visit to the Alibaba Campus in Hangzhou by Philippine officials attending the upcoming 5th China International Import Expo in November.
A subsidiary of the Alibaba Group, the Ant Group develops and owns online payment platforms, most notably Alipay, currently the world’s largest such service. END
