Its payments arm Ant Financial is to expand into Africa , in a partnership with the UN 's Economic Commission for Africa ( ECA ) and the International Financial Corporation . Ant Financial will target small businesses and unserved consumers , such as displaced persons and refugees , in the collaboration , which is aligned to the 2030 global sustainable development goals and the African Union 's Agenda 2060 , aimed at ending child poverty and improving lives . Ant Financial, the payments and financial services arm of Chinese e-commerce giant Alibaba, is expanding to Africa. The partnership will help people benefit from the African Continental Free Trade Area " , the company said .
Its payments arm Ant Financial is to expand into Africa , in a partnership with the UN 's Economic Commission for Africa ( ECA ) and the International Financial Corporation . Ant Financial will target small businesses and unserved consumers , such as displaced persons and refugees , in the collaboration , which is aligned to the 2030 global sustainable development goals and the African Union 's Agenda 2060 , aimed at ending child poverty and improving lives . The partnership will help people benefit from the African Continental Free Trade Area " , the company said .