Ant Financial joins payment platform

Technical associate status in EMVCo to help firm's global expansion plan

Ant Financial Services Group has become a new technical associate of international secure-payments consortium EMVCo, according to a recent announcement of EMVCo, a move that will provide fresh impetus to the Chinese company's going global efforts.

EMVCo said in the statement that Ant Financial, along with seven other organizations, has joined the program as technical associates of the consortium in the past 12 months and is playing an "active role" in the technical direction of Europay, Mastercard, and Visa specifications. Ant Financial had no comment at this time.