An affiliate company of the Alibaba Group, Ant Financial currently stands at the world's highest-valued FinTech company. Formerly known as Alipay, it is also the world's most valuable unicorn, currently valued at US$150bn. Ant Financial offers cloud-based financial services via cloud computing technology.
This up and rising firm continues to test the limits of technology, seeking to fulfil its ethos of levelling the playing field by giving consumers and small businesses equal access to financial and other technological services. One of Ant Financial's more known services include an all-rounded online wallet, Alipay, which offers payment platforms for ride-hailing, food delivery, and a variety of other consumer services. It is partnered with some of China's leading banks such as the Bank of China, and the Industrial and Commercial Bank of China. With a valuable partnership with Visa, the future of Ant Financial seems bright as it attempts to establish market dominance in the e-payments industry.
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