Ant Financial in talks to buy UK payments firm WorldFirst: Report

Ant Financial in talks to buy UK payments firm WorldFirst: Report

A logo of Ant Financial is displayed at an event of the company in Hong Kong, China November 1, 2016. REUTERS/Bobby Yip

Ant Financial Services Group, Chinese e-commerce giant Alibaba Group Holding Limited’s fintech affiliate, is in advanced talks to buy British currency exchange startup WorldFirst in a deal that could be worth more than 500 million pounds ($632.5 million), Sky News reported on Monday, citing sources.

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