China's Ant-backed MYBank plans to expand rural ops

China's Ant-backed MYBank plans to expand rural ops

Nanjing, China. Source: Jennifer Chen/Unsplash

MYBank, the online bank backed by China’s Ant Group, said on Monday it aimed to serve 2,000 rural Chinese counties by 2025, more than doubling the current number of rural districts covered. MYBank also said it had served more than 35 million small and medium-sized enterprises (SMEs) at the end of 2020, a 70% increase year on year.