Ant International has joined Swift’s Network Interoperability Reference Implementation program, becoming part of a select group of global payment service providers (PSPs) working to enhance interoperability across cross-border payment systems.
The initiative, announced on Friday, is structured as a pre-pilot designed to improve payment transparency in international transactions.
By participating, Ant International will work alongside banks, PSPs, and other stakeholders to explore business scenarios that allow cross-border transactions to be fully tracked from end to end.
The effort will focus on improving overall transparency and efficiency, with particular attention to e-wallet use cases and tokenized deposit platforms. This is expected to provide a clearer view of transaction flows and facilitate faster, more secure global payments.
Ant International’s involvement follows its earlier decision to join Swift as a member, simplifying its direct access to multiple banking partners.
That move was aimed at streamlining the firm’s global treasury management solutions while strengthening the interoperability of its blockchain and tokenized deposits services.
The broader goal is to bridge fragmented payment landscapes and support merchants around the world with more comprehensive, tech-driven digital financial services.
The Network Interoperability Reference Implementation program forms part of Swift’s ongoing efforts to enhance cross-border payments.
It seeks to ensure that money and information move reliably and seamlessly between diverse financial institutions, PSPs, and digital wallets, aligning with the evolving needs of global commerce.
Enhanced interoperability could help reduce time, costs, and complexity associated with international payments, ultimately benefiting businesses of all sizes that depend on robust, scalable payment infrastructures.
Ant International, headquartered in Singapore, aims to deliver digital innovations that enable businesses to thrive in a global economy. By leveraging its presence in multiple markets and collaboration with payment infrastructure providers, the company intends to empower merchants worldwide to realize their growth aspirations.
The focus on connectivity and transparency reflects a growing industry trend, as stakeholders recognize that improved interoperability is key to a more inclusive and efficient international financial ecosystem.