Telenor

CCP approves Alipay’s acquisition of Telenor microfinance bank limited

CCP approves Alipay’s acquisition of Telenor microfinance bank limited

ISLAMABAD – The Competition Commission of Pakistan has approved Alipay (Hong Kong) Holding Limited s acquisition of 45 percent shareholding in Telenor Microfinance Bank Limited, paving the way for the world s largest mobile payment platform s entry into Pakistan.Founded in 2004 by Jack Ma, Alipay is a part of the Alibaba Group, a Chinese multinational conglomerate specializing […]