The financial technology giant Ant Group announced its plans to acquire MultiSafepay, a leading European online payment service provider. This strategic move by Ant Group is aimed at expanding its global presence and reinforcing its position as a dominant player in the digital payment industry.

MultiSafepay, founded in 1999, specializes in providing secure and efficient payment solutions for e-commerce businesses across Europe. With over 20 years of experience, the company has built a strong reputation for its reliable payment gateway and comprehensive suite of online payment products.

Ant Group, an affiliate of Alibaba Group, has been instrumental in pioneering digital finance innovations. Its widely popular mobile payments platform, Alipay, boasts a massive user base of over 1 billion people. Through this acquisition, Ant Group aims to leverage MultiSafepay’s expertise to further strengthen its foothold in the European market.

Eric Jing, Executive Chairman of Ant Group, expressed his excitement about the acquisition, stating, “Europe is a critical marketplace for us, and the acquisition of MultiSafepay aligns perfectly with our global expansion strategy. We are committed to providing European businesses and consumers with secure, inclusive, and convenient payment services.”

About MultiSafepay

MultiSafepay is a leading online payment service provider that caters to the needs of businesses operating in the European e-commerce space. The company offers a wide range of payment solutions, including credit card processing, online banking, and digital wallet options. With a strong emphasis on security and reliability, MultiSafepay has built long-lasting relationships with thousands of merchants across Europe.

About Ant Group

Ant Group, formerly known as Ant Financial Services Group, is an innovative technology company that is driven to bring greater financial inclusion to individuals and small businesses worldwide. With a focus on serving the unbanked and underbanked populations, Ant Group has revolutionized the way people transact and manage their finances. The company’s core product, Alipay, is the world’s largest mobile and online payments platform.