iFAST launches global QR code payment feature

The service, launched on 20 May 2026, allows iFAST Global Bank customers to scan QR codes directly through the bank’s mobile application and complete transactions instantly without using physical debit or credit cards. Payments are linked directly to customers’ multi-currency current accounts.

The feature is designed for retail purchases, dining and travel-related spending, targeting consumers increasingly seeking seamless international payment experiences.

The launch is enabled through Alipay+, the unified wallet gateway operated by Ant International. Alipay+ currently supports more than 10 national QR payment schemes across Asia and other international markets, helping financial institutions and FinTechs connect to global merchant networks.

Inayat Kashif, Chief Executive Officer of iFAST Global Bank, said the partnership aims to improve international payment convenience for customers.

“Together with Alipay+, we are enhancing the way clients transact internationally by delivering a more integrated and convenient global payment experience,” Kashif said.

Edward Yue, General Manager of Alipay+ Global Power Center at Ant International, said the collaboration reflects the company’s broader strategy of supporting banks, Fintechs and digital wallets with cross-border payment infrastructure.

“Our partnership with iFAST builds on our shared vision to make payments work for everyone, everywhere,” Yue said.

The collaboration marks the first partnership between Ant International and iFAST Global Bank. The companies said they are also exploring additional initiatives, including travel-related offerings integrated with Alipay+ AI-powered services.

The launch comes as financial institutions increasingly adopt QR-based payment technologies and digital wallet integrations to support growing demand for frictionless international transactions and mobile-first banking services.