Ant Int’l’s WorldFirst gains Malaysia licence to expand international payments

WorldFirst will expand its product offerings and roll out new services, it said.

Ant International has gotten approval from the Bank Negara Malaysia to carry out a business under a Class A Money Services Business licence.

With this, Ant International’s WorldFirst will be able to operate in Malaysia, adding to its over 60 global licences.

WorldFirst is the company’s all-in-one digital cross-border payment and treasury account service for global businesses.

WorldFirst will be able to expand its product offerings and roll out new services in Malaysia, facilitating international payments, especially in receiving foreign currency payments globally.

It will have a particular focus on supporting small and medium-sized enterprises (SMEs) to manage their cross-border transactions more efficiently.

WorldFirst has served over 1.2 million SMEs worldwide through products like the newly launched World Card with Mastercard, according to Ant International. Currently available in other markets, the World Card provides the ease, security, and international reach SMEs need to scale globally while managing spending efficiently.