Ant Financial: In the next 5 years, it will focus on cashless payments in South America and Africa.

Ant Financial: In the next 5 years, it will focus on cashless payments in South America and Africa.

“In the past three years, we have reached 9 cooperation projects, including Southeast Asia, South Korea, Bangladesh, Pakistan, etc. We will continue to carry out overseas business in the future.

In the next five years, our key markets for global cooperation will be countries in South America and Africa.

” A clear trend is emerging, and mobile wallet applications and financial transactions based on the mobile Internet will be widely used in emerging market economies. ”Kenny Man, head of international investment in Ant Financial, said at the Hong Kong Investment Forum.

Ant financial believes mobile wallet apps will be the next major technology trend in emerging markets in South America and Africa, the south China morning post reported.

Ant Financial, which just completed the $14 billion Series C round of financing in June this year, is increasingly actively expanding its technology and expertise by collaborating in emerging markets in Asia.

Kenny Mann said that in countries such as Brazil and Mexico in North America, mobile wallet services that are safer than cash should be rapidly popularized; at the same time, these digital platforms face risks such as cyber attacks from organized criminal groups.

But he added that Ant Financial has the technical expertise and expertise to manage these risks, which are qualities that potential partners value. In the future, Ant Financial will seek to take advantage of the blockchain in other application scenarios.