World First Group is part of the same corporate group as Ant Group. Alipay Merchant Services Pte Ltd. (Company Registration No. 201735998W) (“Alipay MS”) is also part of the Ant Group and is licensed to carry on cross-border money transfer services and e-money issuance services as a Major Payment Institution under the Payment Services Act 2019 by the Monetary Authority of Singapore.

Alipay MS is also exempted from holding a licence in respect of its provision of account issuance services, domestic money transfer services and merchant acquisition services pursuant to the Payment Services (Exemption for Specified Period) Regulations 2019.

Alipay MS’ registered office is located at 51 Bras Basah Road, #04-08 Lazada One, Singapore 189554.