Ant Group is closing in on a deal to buy Dutch payments firm MultiSafepay as part of the Chinese financial technology group’s latest push into Western payment markets, people familiar with the matter told Reuters.
The transaction, which is subject to regulatory approval, is expected to value MultiSafepay at around $200 million, one of the people said. It generates $50 million in revenue, the person added, speaking on condition of anonymity.
The acquisition follows Ant Group’s purchase of Singapore-based payments firm 2C2P in 2022. Ant, which operates cross-border payments platform Alipay+, also bought British payments group WorldFirst in 2019 for 700 million dollars.
Established in 1999, MultiSafepay provides payment acquiring and processing services to more than 18,000 small and medium-sized businesses and works with commercial partners to offer additional services.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: