SINGAPORE, 6 December 2024 – Leading global digital payment and financial technology provider Ant International reported robust growth over the past year among all its four pillar businesses, Alipay+, Antom, WorldFirst and Embedded Finance. It has been facilitating digital transformation and enhancing financial inclusion for businesses of all sizes, including the small and micro-sized enterprises (SMEs).
Alipay+, Ant International’s cross-border mobile payment and digitalisation solutions, leads the industry in collaboration with 35 mobile payment partners, including e-wallets, banking apps, BNPL apps etc., and national standardised QR schemes, such as Singapore’s SGQR, Malaysia’s PayNet, South Korea’s ZeroPay, Cambodia’s KHQR, Nepal’s NepalPay QR and Sri Lanka’s LankaPay.
Thanks to its extensive regional partnerships, Alipay+ now connects over 90 million merchants in 66 markets to 1.6 billion user accounts.
Among the global merchants accepting QR code payments via Alipay+, over 90% are SMEs, reflecting Ant International’s focus on inclusive digital transformation.
“Our four key business units Alipay+, WorldFirst, Antom and our embedded finance solutions are supported by five major technology pillars: wallet tech, payment tech, risk tech, credit tech, and platform tech,” said Peng Yang, Chief Executive Officer of Ant International. “At Ant International, we are committed to enhancing the efficiency and security of cross-border trade and commerce by supporting SMEs in their digital transformation with AI-driven technologies and services. This is critical to closing the digital divide and achieving genuinely inclusive growth on a global scale.”
Based in Singapore, Ant International provides partners across industries and markets with a comprehensive range of digital payment and financial technology solutions. It is committed to driving inclusive growth through open collaboration and continuous innovation.
Among Ant International’s notable progresses in 2024 so far:
Alipay+: a suite of cross-border mobile payment and digitalisation technology solutions that help connect global merchants to consumers, who are users of popular mobile payment methods.
- Alipay+ leads the industry in collaboration with 35 leading e-wallets, banking apps and national standardised QR schemes, connecting over 90 million merchants in 66 markets to 1.6 billion user
- Among the global merchants accepting QR code payments via Alipay+, over 90% are SMEs, reflecting Ant International’s focus on inclusive digital transformation.
- Cross-border transactions of global payment partners together (excluding Alipay) via Alipay+ registered three times year-on-year increase in 2024, where Alipay maintains the leadership.
Antom: a leading merchant payment and digitisation services provider, offering one-stop, vertical-specific digital payment solutions to merchants of all sizes.
- Total payment volume (TPV) of Antom’s direct acquiring services nearly doubled between January and November 2024 over same period of 2023.
- Antom continues to strengthen its payment processing capabilities across all payment channels. Antom’s card processing volume grew over 10 times from that of previous year, while delivering top notch authorization rates to its global enterprise merchants.
- Antom continues to launch tech-driven innovative solutions to provide more secure and efficient services at lower cost to its customers. Antom Copilot helped enhance operational efficiency for merchants by reducing the payment channel integration time from 5 to 10 days to only a few minutes. Antom EasySafePay streamlined digital wallet payments procedures, eliminating the need to redirect from merchant checkout page to the user’s wallet app, and offers full account takeover protection to wallet users, and lead to significant payment success rate increase.
WorldFirst: a one-stop digital payment and financial services platform for global businesses.
- WorldFirst has surpassed US$300 billion in total cumulative transaction volume.
- WorldFirst continues to demonstrate strong growth momentum with transaction volume growing high double digits in 2024.
Embedded Finance: Ant International leverages cutting-edge technologies including AI and Blockchain to develop end-to-end digital solutions for risk modelling, cross-border payment, FX and liquidity management, as well as credit and lending services for underserved SMEs and individuals in collaboration with ecosystem partners around the world.
- Committed to bring inclusive financial services to global SMEs, Ant International saw loan under management growing more than doubled compared to 2024.
- Ant International continues to leverage Credit Tech to help overseas partners better promote inclusive finance, covering millions of users of our partners, over 95% of whom are first time borrowers without prior credit history.
“We believe travel, trade, technology and talent are key drivers for inclusive and sustainable growth across nations and industries,” said Yang. “2024 has been a transformative year for Ant International and its core businesses. In 2025, we will continue to be laser-focused on supporting SMEs across borders with AI-powered innovative and trusted digitalisation solutions through expanded public- and private-sector collaboration.”
About Ant International
Headquartered in Singapore, Ant International powers the future of global commerce with digital innovation for everyone and every business to thrive. In close collaboration with partners, we support merchants of all sizes worldwide to realize their growth aspirations through a comprehensive range of tech-driven digital payment and financial services solutions.
