Ant International recognised as inaugural Foreign Institution Partner by China’s cross-border interconnection payment gateway

Ant is the largest player in the CPG scheme in terms of coverage, use cases, and business volume.

Ant International is appointed as an inaugural foreign Institution Partner (FIP) of China’s Cross-border Interconnection Payment Gateway (CPG), under the guidance of the People’s Bank of China and the Payment & Clearing Association of China (PCAC).

Ant International and Alipay are the largest players in the CPG scheme, with the largest number of card network and wallet partners, the broadest use cases and the largest business volume.

The new CPG scheme is designed to raise connection efficiency and improve system stability for overseas payment partners. Its timely launch opens a safe and smoother highway for these partners to access the Chinese market.

Alipay+, the cross-border payment and digitisation service under Ant International, will leverage this new direct connection setup to accelerate the growth of its partner ecosystem to expand global coverage. This will enable an even more convenient and secure travel experience for international consumers whilst helping international wallets connect their digital growth networks to 80 million Alipay merchants across China.

As a unified wallet gateway, Alipay+ now partners with 36 e-wallets and eight national QR payment schemes and payment systems worldwide, connecting over 100 million merchants to 1.8 billion consumer accounts.

As the FIP with the broadest fintech coverage in the new CPG scheme, Alipay+ now enables seven major international bank card brands and users from twelve countries and regions to scan-and-pay transactions in the Chinese Mainland. On top of that, Alipay+ also has various technology partnerships with over twenty e-wallets and payment networks across Asia, Europe, and other regions.

Eric Jing, Chairman of Ant Group and Ant International, and Cyril Han, CEO of Ant Group, celebrating China's Top International consumer destinations with card and wallet partners

Alipay+ has built extensive partnerships with government-sponsored mobile payment schemes in emerging markets to support national agendas for digitisation and inclusive growth. Eight national QR schemes and payment systems are developing active international presence via Alipay+, including SGQR (Singapore), PayNet DuitNow (Malaysia), ZeroPay (South Korea), Bakong (Cambodia), NCHL/FonePay (Nepal), LankaPay (Sri Lanka), QRIS (Indonesia), and HUMO (Uzbekistan).

The Asia Pacific region reported US$9.8t in e-wallet transaction volume in 2023, accounting for nearly two-thirds of the global total, and maintains the world’s highest e-wallet penetration rate.

About Ant International

With headquarters in Singapore and main operations across Asia, Europe, the Middle East, and Latin America, Ant International is a leading global digital payment, digitisation, and financial technology provider. Through collaboration across the private and public sectors, Ant International’s unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions.

To learn more, please visit https://www.ant-intl.com.

About Alipay+

Ant International's Alipay+ is a unified wallet gateway with cross-border payment and digitisation services that help connect global merchants to consumers. Consumers enjoy seamless payments, a broad choice of deals, and the convenience of digital services using their preferred payment app/e-wallet whilst travelling abroad. Many small and medium-sized businesses already use Alipay+ digital tools to enhance efficiency and achieve omni-channel growth.