Telenor

Ant Financial (aka Alipay) will invest $184.5M in Telenor Microfinance Bank

Telenor Group has partnered with Ant Financial Services Group (“Ant Financial”) in Pakistan. Both the parties have an agreement where Ant Financial will invest USD 184.5 million for a 45% stake in Telenor Microfinance Bank (“TMB”), a subsidiary of Telenor Group, to further develop mobile payment and digital financial services in the country. The MoU…

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