Alipay’s new PSD2 license in Luxembourg will allow the group to leverage the EU passport to serve its customers across Europe in the future and connect Chinese users with merchants in EU countries.The launch of the new Luxembourg licensed entity, Alipay (Europe) Limited S.A., was officially announced by Luxembourg Minister of Finance Pierre Gramegna on 14 January during his visit in Hong Kong, in the presence of Chen Leiming, General Counsel of Ant Financial Services Group.

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 photo credit: Luxembourg for Finance