Deal Announcement
Ant Group Digital & Bank CenterCredit to launch SuperApp in Kazakhstan

Ant Group Digital & Bank CenterCredit to launch SuperApp in Kazakhstan

Icon Law, together with eminent Kazakhstan firm, Haller Lomax, is proud to have advised, Bank CenterCredit, one of Kazakhstan's oldest and largest banks, in its strategic cooperation with China's Ant Group Digital Technologies (an affiliate company of Chinese conglomerate, Alibaba Group, which owns the world's largest mobile payment platform Alipay).

Pursuant to the collaboration, BCC will leverage on Ant's foremost mobile technology solutions to introduce its first SuperApp in Kazakhstan.

"We are pleased to announce our cooperation with Ant Group Digital Technologies, which has extensive experience in developing digital financial platforms. The company is known for its innovative approach in creating high-quality products and services. We are confident that our cooperation will be beneficial for both parties and will lead to the creation of a product that will satisfy the needs of our clients and lead to new opportunities," said Ruslan Vladimirov, President of Bank CenterCredit JSC.

"We are thrilled to embark on this collaboration with BCC, their deep understanding of the local market and unwavering commitment to innovation will provide invaluable insights and perspectives," said Geoff Jiang, President of Ant Group's Digital Technology Business Group.

The cross-border team for BCC was jointly led by leading Kazakhstan lawyer and Haller Lomax's Co-Founder and Partner, Vilen Adjivefayev, and our Director, Jeremiah Huang and Associate, Christie Ann Wee.

For more information, please contact Jeremiah Huang or refer to the media's widespread coverage of the transaction.

This is for general information only and is not a substitute for legal advice.