Vodacom and Alibaba have partnered to boost sales in South Africa

Vodacom Group has announced its partnership with AliPay, which will allow customers to take out loans and shop online as well as make standard mobile payments.

“The world is moving toward e-commerce, and while leveraging off what we already have we also need to grow that side,” Vodacom chief executive officer Shameel Joosub.

Vodacom is looking to expand its financial-technology offering in South Africa while waiting for a long-promised auction of spectrum, which it says is needed to expand broadband service and bring down prices.