Ant Financial, Telenor partner to deliver financial services in Pakistan
Contributed by NAMPA / Xinhua.
HANGZHOU, March 14 (Xinhua) -- China's Ant Financial Services Group announced Wednesday that it has reached a strategic partnership agreement with Norwegian Telenor Group to deliver inclusive financial services in Pakistan.
According to the agreement, Ant Financial will invest 184.5 million U.S. dollars for a 45 percent stake in Telenor Microfinance Bank (TMB), an affiliate of Telenor Group in Pakistan, to further develop TMB's mobile payment and digital financial services in the country.
The a ...