Is First Data Corp Making Money?

Working with First Data makes Ant a major player in U.S. mobile wallets because Clover’s retail footprint is almost as big as that of Apple Pay. Apple Pay is accepted by around 4.5 million U.S. merchants.

Alipay also gets access to all of Ant’s resources. Ant is one of the world’s most valuable unicorns (pre-IPO companies) some analysts have estimated its value at $75 billion. Alipay alone has an estimated value of $50 billion according to CSLA Hong Kong Analyst Elinor Leung.

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