Alibaba affiliate Ant Financial is in talks to buy WorldFirst, the UK-based international payments group, for about $700m.
The deal, if completed, would mark Ant Financial’s first big move into the UK market, although its Alipay service is already accepted in some retailers.
WorldFirst, which was co-founded by former Citi bankers Jonathan Quin and Nick Robinson in 2004, handles payments and currency transfers for businesses and individuals around the world. It has offices in Africa, Asia, Europe and the US, and employs about 600 people.
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