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Ant Financial and CIMB to launch e-wallet in Malaysia

First Alipay mobile solutions for local users

China's Alipay mobile payment is currently accepted only at duty-free shops like this one at Kuala Lumpur International Airport for Chinese visitors.

KUALA LUMPUR -- Ant Financial, a unit of China's e-commerce provider Alibaba Group Holding will partner Touch 'n Go, a unit of Malaysian leader CIMB Group Holdings to offer mobile payment solutions, as more local businesses adopt cash-free transactions.

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