Ant Group, the Fintech arm of Chinese tech major Alibaba, ramped up its research and development expenditures to a record 21.2 billion yuan ($3.05 billion) last year, according to its latest sustainability report. This move highlights the company’s increasing focus on technology innovations, including artificial… Read More
Ant Group and Mastercard, alongside 12 overseas payment partners of Alipay+ and other major card organizations, announced the launch of the International Consumer Friendly Zones program in Shanghai. This initiative aims to enhance the travel experience for global visitors and stimulate economic growth for local… Read More
Alibaba’s Ant Group has reportedly committed another SGD 200 million investment into ANEXT Bank, which is its wholly-owned subsidiary and SME digital bank. This, according to media reports from March 25, 2024. As reported by DealStreetAsia, the digital finance and technology firm had previously committed… Read More
Mastercard (NYSE: MA) continues to expand its cross-border payment solutions with a new connection to Alipay, China’s digital open platform under Ant Group. The move comes as consumers increasingly “look for ways to send money across the globe quickly and securely.” Insights from Mastercard’s Borderless… Read More
Chinese Fintech firm Ant Group has announced substantial increases in transaction limits for international travelers using its cross-border payment services. Effective immediately, the single-transaction limit has been raised from $1,000 to $5,000, and the annual cumulative transaction limit from $10,000 to $50,000. This policy change,… Read More
Data from Ant Group reportedly shows a robust rebound of consumer spending during the first back-to-normal Chinese New Year (CNY) travel season after the Covid-19 pandemic, especially in cross-border tourism. Through the Alipay+ cross-border mobile payment technology solutions, Chinese travelers may pay “for goods, food… Read More
Banking Circle S.A. announced a partnership with Ant Group to work on a pioneering liquidity management project, “exploring technology innovations on tokenized deposits which will improve efficiency and speed of global fund settlements.” Banking Circle infrastructure and the blockchain platform “developed by Ant Group will… Read More
Chinese digital payment giant Ant Group has officially integrated seven prominent Asian e-wallets and payment apps into its “Alipay+-in-China” Program (A+China Program). The firm confirmed that users of mPay (Macao SAR, China), Hipay (Mongolia), Changi Pay (Singapore), OCBC (Singapore), Naver Pay (South Korea), Toss Pay… Read More
Ant Group Digital Technologies has launched a brand called ZAN which comprises of a full suite of blockchain application development products and services “for both institutional and individual Web3 developers.” For institutional customers, ZAN provides “a solution to help them issue and manage real world… Read More
Ant Group unveiled its financial large language model at the 2023 INCLUSION·Conference on the Bund, alongside two new applications powered by the financial LLM including Zhixiaobao 2.0, an intelligent financial assistant for consumers, and Zhixiaozhu 1.0, an intelligent business assistant serving financial industry professionals. According… Read More
More Asian travelers to Malaysia will enjoy a seamless digital payment experience at over 1.8 million merchants across the country while Malaysian residents will be able to pay with e-wallets of their home country abroad, thanks to a MOU signed recently between Payments Network Malaysia… Read More
In the countdown to the opening of the Asian Games, Ant Group is expanding multiple cross-border digital payment options for international travelers as the Official Prestige Partner of Asia’s largest sports event in 2023. As a native of Hangzhou, the host city of the Games… Read More
Standard Chartered (LON: STAN) and Ant Group entered into an agreement to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development. Both parties will jointly contribute “to tackling global issues such as climate change and ocean protection.” Dr. José… Read More
Ant Group recently announced the appointment of Peng Yang, Senior Vice President of Ant Group, as the President of the Company’s International Business Group (IBG). Peng Yang reports to Eric Jing, Ant Group’s Chairman and CEO. Eric Jing, Chairman and CEO of Ant Group, said:… Read More
CertiK has successfully completed the formal verification of HyperEnclave, an innovative open and cross-platform Trusted Execution Environment (TEE) from Ant Group’s Trust Native Technology team. This marks the first time in the industry that such “an in-depth formal verification process has been completed for a… Read More
Ant Group released its 2022 Sustainability Report, highlighting progress made in implementing its Environmental, Social and Governance (ESG) strategy throughout 2022. In the technological innovation field, Ant Group has “invested RMB 20.46 billion (approx. USD 2.89 billion) in research and development (R&D) in 2022, effectively… Read More
Together with its partners, AntChain recently unveiled a series of new Web3 initiatives, including an open-source project featuring its cross-chain technology and AntChain OpenLab, to support Web3 developer community at the 2023 Ant Group Digital Technologies Developer Conference. Web3 is commonly “known as a more… Read More
According to figures certified by the China Environmental United Certification Center (CEC), Ant Group has once again “achieved operational carbon neutrality (Scope 1 & 2) for the second consecutive year, following the company’s initial achievement in 2021.” This marks another concrete step for Ant Group… Read More
epay Australia Pty Ltd, a wholly-owned business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), announced that Alipay+ will be “activated in some 8,000 epay retailers including Australian luxury department store David Jones.” epay Australia’s retailers will “have access to the Alipay+ e-wallet partners including AlipayHK… Read More
As this year’s week-long Chinese New Year holiday comes to an end, Ant Group would like to share some observations on Chinese consumers’ spring festival spending and trends. These findings “provide a snapshot of recovering consumption in China’s domestic market and outbound tourism market.” Main… Read More
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