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General

Alipayhk, GCash launch cross-border remittance service via blockchain

Tuesday 26 June 2018 | 11:08 CET | News
Alibaba's AlipayHK and Philippines-based payment service platform GCash launched a cross-border remittance service based on blockchain technology. Alibaba claims this service is the first of its kind in the world. Effective immediately, the service allows users of AlipayHK, a digital wallet joint venture between Ant Financial and Hong-based multinational conglomerate CK Hutchison Holdings, to wire money to the Philippines through a secure, transparent and fast channel. Standard Chartered is the designated settlement bank.

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Categories: General
Companies: Alibaba / Ant Financial
Countries: Hong Kong / Philippines
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