Ant Group plans acquisition of Dutch payments firm MultiSafepay

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Ant Group is on the verge of finalizing a $200 million deal to acquire Dutch payments firm MultiSafepay, as reported by Reuters, citing multiple sources. The purchase is currently awaiting regulatory approval. The owner of Alipay aims to acquire a 100% stake in MultiSafepay, a company providing income and expenditure services to over 18,000 small to medium-sized businesses, according to information on the company’s official website. This latest acquisition follows Ant Group’s majority stake acquisition in the Singapore-based payments firm 2C2P in 2022, marking a strategic move in its global expansion efforts to establish an international cross-border payments network. [Reuters]Related