Postal Savings Bank of China (PSBC) , the state bank with the largest b...
FILE PHOTO: People walk past a sign outside a branch of Postal Savings Bank of China in downtown Beijing, China, November 12, 2015. REUTERS/Kim Kyung-Hoon/File Photo
BEIJING - Postal Savings Bank of China , the state bank with the largest branch network, said it had signed a strategic cooperation agreement with fintech giant Ant Financial on Wednesday. The pact with the Alibaba-backed financial firm will focus on areas such as digital payments, online lending, rural finance and corporate finance, the bank said in a statement sent to Reuters.
The partners will also set up a joint lab to explore fintech innovations, and extend tie-ups in areas such as internet security and taking bank branches digital.
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