Ant Group has reportedly not supplied the $73.5m in funding it pledged for the mobile wallet developer Wave a year ago.
Ant Group, the financial services affiliate of e-commerce group Alibaba, has failed to provide the $73.5m investment in Myanmar-based capital transfer service Wave Money announced in May 2020, DealStreetAsia reported yesterday.
Wave provides a mobile wallet which also offers utility bill and phone credit top-ups as well as remittance for small businesses.
The Ant investment was meant to have been closed by the end of last month, a date which had already been extended three times, but the company…
