Whale Cloud and Ant Group Partner with Toka Fintech to Expand Inclusive Financial Services |

NANJING, China – (BUSINESS WIRE) – November 10, 2021–

Whale Cloud, a leading technology company providing software solutions and services for telecommunications and many other industries, today partnered with Toka Fintech, a leading financial group in Mexico, to help them develop its own digital payment application with Alipay + Digital Wallet Solution, providing Mexicans with better access to inclusive financial services.

Toka Fintech is a company owned by Grupo Toka, which is one of the largest groups in the prepaid card market with more than 4.5 million customers in Mexico. Grupo Toka is increasingly adopting digital payment services due to the rapid adoption of smartphones in the country and the COVID-19 pandemic.

In this partnership, with proven payment technology, project delivery and operational experience from Whale Cloud and Ant Group in global markets, Toka Fintech will continue its digital payment journey and deliver inclusive, digitized and personalized services to more companies and customers in Mexico. .

Whale Cloud and Ant Group will help Toka Fintech develop an all-in-one digital payment application suitable for the Latin American market, providing comprehensive payment services powered by innovative technologies including native financial grade cloud computing and management risk based on AI.

“As a company that aims to continuously create value for its customers, Toka Fintech is taking the lead in encouraging the use of innovative technologies in the delivery of financial services. Partnering with Ant Group and Whale Cloud is an important step for us to advance financial inclusion, ”said Hugo Villanueva, CEO and Owner of Toka Fintech.

“We are excited to serve Toka Fintech’s digital payment journey,” said Cheng Guoming, Managing Director of Alipay + Global Partnership, Ant Group. “Together with Whale Cloud, we are ready to share our technical know-how and experiences to accelerate the digital transformation of customers and help underbanked communities around the world enjoy more inclusive services. “

“Toka Fintech will be the first in Latin America to adopt the Alipay + digital wallet solution. Whale Cloud is very excited to turn Toka’s strategy into actions to strengthen its market position in promoting inclusive digital services, ”said Ben Zhou, Global CEO of Whale Cloud.

Alipay + Digital Wallet solution provides a comprehensive suite of payment technologies and products to help customers more efficiently develop their own e-wallet applications, enable their users to top up, transfer, withdraw money and enjoy financial services. directly from mobile devices, while allowing merchants to accept online and offline payments from these users and manage their own loyalty and promotion campaigns.

Whale Cloud and Ant Group have formed a strategic partnership since 2020 to provide clients across all industries with financial technology consulting, solution design and delivery, and operations services.

About Grupo Toka and Toka Fintech

Toka Internacional, SAPI de CV “Toka” is a Mexican company active in the issuance of payment solutions, via electronic wallets in order to provide voucher services for food, fuel, catering, travel, etc. The company started providing call center services to financial institutions, and in 2012 launched its first prepaid card, a business that quickly grew into one of the top 5 issuers of electronic wallets in Mexico.

In 2019, Toka created “Toka Fintech” as part of a strategy of continuous growth and taking advantage of the opportunity created by the new Fintech law in Mexico to market its products in an open B2C market.

About the cloud of whales

Whale Cloud Technology Co., Ltd. (“Whale Cloud”) is a leading technology company specializing in the development and delivery of telecommunications software, cloud computing, big data analysis, service based operations based on ‘AI, IoT, Fintech solutions and other professional services, including planning and consulting. Founded in 2003, the company provides services to various market segments, including telecommunications operators, governments and businesses around the world. Whale Cloud’s business scope extends from telecommunications markets to vertical industries. It has built its core competitiveness in communications software, operations services, cloud computing, big data analytics, AI, and internet architecture.

About Alipay +

Alipay + provides global cross-border mobile payments and marketing solutions that enable global e-wallets and merchant partners, especially small and medium-sized businesses, to better serve their users and customers.

Alipay + is introduced by Ant Group, owner and operator of Alipay. One of the world’s leading digital payment platforms, Alipay serves hundreds of millions of users by connecting them with partner merchants and financial institutions that provide inclusive financial and digital life services on a daily basis.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211109006725/en/

CONTACT: media inquiries

Whale cloud

Xu Dong

[email protected] Group of ants

Vick li wei

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SOURCE: Alipay +

Copyright Business Wire 2021.

PUB: 11/10/2021 02:13 / DISC: 11/10/2021 02:13


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