GCash, other Asian e-wallets to expand into S.Korea with Ant's Alipay+

FILE PHOTO: The Alipay logo is seen on the screen of a smartphone, held up in front of a display of the same logo, in this illustration taken September 14, 2021. REUTERS/Dado Ruvic/Illustration/

BEIJING (Reuters) - Ant Group said on Monday it would help four Asian e-wallets, including the Philippines' GCash and Malaysia's Touch'n Go expand into South Korea with its cross-border payment service Alipay+, as travel restrictions begin to lift across Asia.

The move will allow users of e-wallets that use Alipay+, including GCash, Touch'n Go, Thailand's TrueMoney, and AlipayHK to pay at over 120,000 merchants using their local mobile payments apps when travelling in South Korea, the Chinese fintech giant said in a statement.