This money will help the firm compete with firms like Swiggy, Uber Eats in the delivery space
The Monetary Authority of Singapore (MAS) has said it will issue five such licences, as it embarks on the biggest liberalisation of its banking sector in two decades
The firm is looking to back more start-ups in those regions that focus on payments and online finance, the person said, confirming a DealStreet Asia report
Ant Financial and SoftBank back it with full force; money will go for expansion in small cities, towns
Paytm has in a decade become India's biggest digital-payments brand
Ant Financial is transforming how Chinese run their daily finances, drawing flak from big banks and warning shots from the government
The fundraising values the firm at $150 billion compared to about $60 billion after its previous fundraising in April 2016 according to sources
Chinese policymakers are drafting new regulations that could make it much harder for the companies to grow.
China's biggest fintech company's valuation joins elite club of lenders and insurers
The company is expected to list on both domestic and overseas exchanges
Ant Financial, which confirmed the cap, is the payment affiliate of Alibaba Group Holding Ltd
That compares with an offer of $15.20 per share from Euronet Worldwide, deal may still fail
Banks have made soft pitches to help Ant raise funds
A key complication for Ant Financial's listing is former parent, Alibaba