This is how Ant International plans to expand moving forward

Ant International, a digital payment and financial services leader dedicated to building an inclusive and sustainable global commerce ecosystem, unveils its strategy in digital payment and digital commerce for global merchants at its flagship Voyage Conference, from its headquarters in Singapore.

“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. 

“Travel, trade, technology and talent are the cornerstones of global inclusion and prosperity,” said Yang. “We will accelerate innovations in digital payment and digital commerce to link up these areas of global collaboration.”

To realize the 4T vision and provide support to merchants, particularly in helping SMEs achieve their growth goals, Ant International has established a robust global compliance and service structure over the years. Additionally, it boasts extensive coverage worldwide, especially in Asia, deep expertise in digitalization, and a continuously expanding repertoire of cutting-edge technologies.

Alipay+ Cross-Border Mobile Payment Service connects over 88 million merchants to 1.5 billion consumer accounts on over 25 e-wallets and banking apps in 57 countries and regions, allowing consumers to travel and pay worry-free across borders, and merchants to build out cross-border consumer engagement and digital marketing.

The service builds on Alipay+’s extensive regional partnerships, including those with national QR schemes such as Singapore’s SGQR, Malaysia’s PayNet, South Korea’s ZeroPay, and Sri Lanka’s LankaPay.

“Alipay+ focuses on bridging various payment methods and promoting mobile interoperability across Asia and beyond. Its aim is to enable people to travel and live worry-free, while offering businesses, both large and small, new digital avenues for growth,” said Douglas L. Feagin, Senior Vice President of Ant Group and Head of Alipay+.

“We are proud of how through Alipay+, tens of millions of even mom-and-pop stalls can reach and transact with international travelers on the same basis as much larger enterprises such as luxury stores.”

“With our AI-driven payment and digital marketing engine, we offer our merchants the broadest consumer reach in Asia and globally, and help them collect payments and grow revenue.” according to Gary Liu, Head of Merchant Payment Services at Ant International.