Ant Financial targets South America and Africa for next phase of mobile payments growth

Ant Financial sees huge growth for cashless payments in South America, Africa — South China Morning Post — “Kenny Man, head of international investment for Ant Financial, said over the next five years, emerging markets including those in South America and Africa will be priority for the company’s global partnerships… ‘China has leapfrogged over traditional credit cards to the mobile wallet. That same change will be even more radical and faster in different parts of the world, whereby people will embrace mobile payments,’ Man said.”