China’s Ant Group has acquired Dutch payments firm MultiSafepay as part of its strategy to expand into Western markets.
The acquisition will integrate MultiSafepay with Antom, a subsidiary of Ant International that currently supports merchants in over 40 markets, allowing them to accept payments in more than 100 currencies. MultiSafepay provides merchants with omnichannel payment services, connecting them to over 40 international payment methods, including cards, e-wallets, buy now pay later (BNPL), and mobile and internet banking.
In addition to enhancing MultiSafepay’s payment options, Antom will provide a suite of marketing and digitalization services aimed at benefiting local and regional businesses.
Gary Liu, general manager of Antom Global, stated, “SMEs are the pillar of regional and global prosperity. With digital innovations, we look forward to building together more secure, flexible, and efficient payment solutions with cross-sector partners, enabling small businesses to thrive in a truly inclusive and sustainable global commerce ecosystem.”
The specific terms of the deal have not been disclosed, but previous rumors indicated a potential price tag of around $200 million.