CNA – 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 the media.
The transaction, which is subject to regulatory approval, is expected to value MultiSafepay at around USD200 million, one of the people said. It generates USD50 million in revenue, the person added, speaking on condition of anonymity.
Ant, an Alibaba Group affiliate, did not immediately respond outside Asia business hours.
Alibaba holds a 33-per-cent stake in Ant, according to Alibaba’s interim fiscal year 2024 report published in December.
