Ant International, a digital payment and financial services solutions provider, continues to build a strong compliance system and global service structure to support more businesses. The company shared its global merchant strategy at the Voyage Conference in Singapore, held recently.
“Despite the uncertainties in the global economy, trends like evolving financial infrastructure, accelerating digitalization and swift advances on the tech frontier present unprecedented opportunities for merchants all around the world seeking to achieve new growth, especially for small businesses who aspire to overcome the digital divide,” said Yang Peng, president of Ant International (in photo).
Ant International’s Alipay+ Cross-Border Mobile Payment Service links 88 million merchants to 1.5 billion consumer accounts across 57 countries and regions. This facilitates worry-free cross-border transactions for consumers and enables merchants to engage in cross-border marketing. Alipay+ collaborates with various national QR schemes, like Singapore’s SGQR and Malaysia’s PayNet, fostering mobile interoperability and new avenues for business growth.
Douglas Feagin, SVP of Ant Group and head of Alipay+, highlights how Alipay+ levels the playing field for businesses of all sizes, connecting millions of small stalls with international travelers akin to larger enterprises.
Restaurant Brands Int’l taps Ant Group in its digital transformation
Ant Group expands Alipay+ services to PH with new e-wallets
Antom Merchant Payment Services assists global merchants in digital consumer engagement in Asia and beyond, using AI-driven payment and marketing tools to broaden consumer outreach and revenue collection.
WorldFirst, serving over a million SMEs in cross-border trade, empowers small traders with its World Account, enabling secure transactions across 120 global marketplaces in 40 currencies.
In her talk, Clara Shi, CEO of WorldFirst, said the company will focus on aiding digitally savvy entrepreneurs to expand their global presence by enhancing CFO capabilities. Ant International plans to extend WorldFirst’s SME e-commerce solutions across Southeast Asia in the coming years, following their success in China and Singapore.
ANEXT Bank, regulated by the Monetary Authority of Singapore, prioritizes accessible financial services for SMEs. Targeting micro-SMEs, the bank has witnessed a substantial increase in cross-border transactions, attributing this growth to collaborations with industry partners for embedded financing solutions.