Touch ‘n Go sees payoff from Ant Group joint venture with ewallet service in world’s largest epayments market

Touch ‘n Go Group announced its cross-border payment expansion into China last November through a partnership with Alipay+. Online payments users in China surpassed 911 million in December 2022, according to the China Internet Network Information Centre. — SCMP

A Malaysian smart card company, a tiny player in the global online payments business, is hoping to learn from established giants Alipay and WeChatPay as it expands its ewallet service into China, the world’s largest epayment market.

Touch ‘n Go Group, majority owned by CIMB, announced its cross-border payment expansion into China last November through a partnership with Alipay+, the global cross-border digital payments solution offered by Chinese fintech giant Ant Group.