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Ant Group's $200 Million Acquisition
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Ant Group, the owner of Alipay, is set to acquire MultiSafepay, a Dutch payments firm, for around $200 million, as part of its expansion into Western payments. Notable acquisitions include 2C2P in 2022 and WorldFirst in 2019. Despite a significant drop in M&A volumes in 2023, some experts anticipate a potential M&A rebound in 2024. Alipay has also launched international services and partnered with Citcon for international e-wallet payments for U.S. retail merchants.
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How might Ant Group's acquisition of MultiSafepay impact the global payments landscape?
In what ways does Alipay's expansion into international services reflect its strategic positioning in the payments industry?
What factors could contribute to the potential M&A rebound in 2024?
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