VTB signs MoU with Chinese online payments operator

VTB will collaborate with Ant Financial in banking services and online payments

VTB will collaborate with Ant Financial in banking services and online payments

AFP/East News
The Russian bank will collaborate with Ant Financial Services Group.

Russia’s VTB Bank and Chinese online payment services provider Ant Financial Services Group, which was founded by the Alibaba Group, signed a memorandum of understanding during the World Economic Forum in Davos on Jan 22.

VTB will collaborate with Ant Financial in banking services and online payments in a bid to enhance services to Russian consumers, the bank said in a press release.

Read more: Russian retailers to start partnership with AliExpress on Singles’ Day

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