Ant Int’l and e-wallets launch partnership for enhanced protection

Ant International, alongside e-wallets and payment firms in Asia, have launched the Digital Wallet Guardian Partnership with the goal of strengthening protection of global wallet payments.

Ant International, alongside e-wallets and payment firms in Asia, have launched the Digital Wallet Guardian Partnership with the goal of strengthening protection of global wallet payments.

Ant International, AlipayHK, and Malaysia’s TNG eWallet said that they will focus on three areas of collaboration specifically: technology innovation, knowledge collaboration, and stakeholder engagement.

These include development and deployment of safety solutions harnessing artificial intelligence (AI), privacy-preserving computing, and other advanced technologies.

They also plan to establish knowledge-sharing mechanisms, such as conducting workshops focused on evolving risk patterns and trends, and exchange of best practices.

They also plan to launch joint awareness campaigns for educating consumers and merchants on how to recognize, avoid, and respond to various risks.

In the initial phase of the partnership, wallet partners are scheduled to adopt Alipay+ EasySafePay 360, an AI-powered account protection solution for both offline and online wallet transactions that is made to combat account takeovers, according to the announcement.