back Back

Ant International and Capital A join to boost digital payment services

By Gloria Mathias

April 01, 2024

  • AirAsia MOVE
  • Ant International
  • Antom
Share

Ant International, Yapily, Variable Recurring Payments, e-commerce Payments, Antom, Pay by Bank, One Click Payment, FinTech, Europe, Capital A, Fintech News, Fintech Solutions, Ant International and Capital A Berhad, owner of AirAsia, have formed a collaboration in various areas, exploring integrating more local payment methods and providing payment orchestration services to Capital A’s platforms.

The comprehensive partnership covers collaborative initiatives between Ant International’s Alipay+ cross-border payment, marketing and digitalization technology solutions, payment orchestration services, and other business segments, and businesses under Capital A, including AirAsia, the one-stop travel platform AirAsia MOVE, and finance app BigPay.

Tony Fernandes, CEO of Capital A said, “We’re thrilled to embark on this transformative journey with Ant International. Their global recognition as a financial technology powerhouse, coupled with their unparalleled expertise, is poised to propel rapid growth for our fintech venture BigPay and our online travel app (OTA) AirAsia MOVE. Both entities are dedicated to agile expansion, and this partnership promises to accelerate our collective mission of providing seamless financial services and affordable travel experiences to our customers worldwide.

Yang Peng, CEO of Ant International said, “We are very excited to join hands with Capital A to start a new chapter of cross-industry digitalization, building on the strong synergy between us. By leveraging Ant International’s innovative digital technology solutions and Capital A’s robust global ecosystem, we can bring more seamless services and diversified growth pathways for consumers and businesses in the region and beyond.”

Both sides agreed that AirAsia MOVE will work with Ant International to integrate Alipay+ e-wallets as payment options within the MOVE’s payment flow and explore the use of various Wallet Tech including super app-related solutions as well as developing mini-program within the Alipay+ ecosystem.

The service builds on Alipay+’s extensive regional partnerships, including those with national QR schemes including Singapore’s SGQR, Malaysia’s PayNet, South Korea’s ZeroPay, Sri Lanka’s LankaPay and Cambodia’s KHQR.

Ant International and Capital A will also work together to promote sustainability initiatives such as advancing global digital inclusion, cultivating digital talent and promoting sustainable travel programs, as the two companies agreed.

Previous Article

April 01, 2024

The Monday Roundup: what we are watching this week | April 1st

Read More
Next Article

April 01, 2024

3 money savings apps empowering individuals in Kenya

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

AirAsia MOVE

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 19, 2024

Cashflows partners with National Association of Funeral Directors

Read More

April 19, 2024

Ant International set to create digital business centre in Malaysia

Read More

April 19, 2024

Opn appoints Vaden Landers as President and CEO of MerchantE

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023