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BABA-W's AliExpress Extends Further Reach in African Mkt
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AliExpress, the cross-border e-commerce platform of BABA-W (09988.HK), recently announced that it will further broaden the scope of local currency payment in the African market in February 2025, following its support for mobile payment methods such as M-Pesa in Kenya and Opay and verve bank cards in Nigeria in 2024. The expansion will cover Egypt, Algeria, Morocco, Ethiopia, Tanzania, South Africa and Uganda.

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