Alibaba’s Alipay Acquires 45% Shares of Telenor Micro Finance Bank

Alipay, a third-party mobile and online payment platform owned by Chinese commerce giant, Alibaba, has secured a first mover advantage in online commerce & digital banking in Pakistan. Competition Commission of Pakistan (CCP) has formally approved Alibaba to acquire 45% shares of the Telenor microfinance bank limited in Pakistan. Alibaba Finally Acquires Daraz Group! The … Continue reading Alibaba’s Alipay Acquires 45% Shares of Telenor Micro Finance Bank