South African mobile operator Vodacom Group has selected Alibaba-owned Alipay as the technology provider for its upcoming WeChat-like app that will help South African users manage business and day-to-day activities.

The app will offer small and medium-sized enterprises access to a litany of financial services such as lending and insurance, according to a statement released by Vodacom on Monday.

It will also target South Africans who do not have bank accounts with lending and other financial services, the statement said.

For ordinary consumers, the app will help them shop online, pay bills, transfer money and order new stock, the statement said, adding that the new tool will also allow access to digital lifestyle services including streaming music, playing games, watching videos and hailing rides.

The partnership will bring a new revenue stream to the operator of the new app, Vodacom Financial Services, which in just four years has grown from a loss-making entity into a business with more than 12 million customers, and contributes 1 billion rand ($60 million) in profit to Vodacom Group, the mobile operator said.

The tie-up with Vodacom is the latest example of Alipay’s push to expand its global clout. In March, Alipay and British fintech company TransferWise announced a partnership that would enable the latter company’s 7 million customers to send money held in 17 currencies to Alipay users as Chinese yuan.

Contact reporter Ding Yi (yiding@caixin.com)

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