- Numbers show Alipay+ expands a vibrant wallet-based payment and digitalisation space that further strengthens WorldFirst and Antom, the two business fintech services.
- Starting with over 11 million underserved SMEs and individuals in Southeast Asia and South Asia, the new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasury management, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses.
Ant International, a leading global digital payment and financial technology provider, reported robust growth across its four pillar businesses—Alipay+, Antom, WorldFirst, and Embedded Finance—following a year of strategic and organizational upgrades.
Alipay+ significantly expanded its wallet-based payment and digitalization ecosystem, further strengthening the foundations for Antom and WorldFirst’s fintech services. The newly launched Embedded Finance segment enhanced Ant International’s ecosystem with AI-driven solutions for FX management, treasury operations, inclusive lending, and more.
“2024 has been transformative for Ant International,” said Peng Yang, CEO of Ant International. “Our commitment to AI-powered innovation and collaboration continues to drive inclusive growth in cross-border travel, trade, commerce, and finance.”
Headquartered in Singapore, Ant International provides comprehensive digital payment and financial technology solutions across industries and markets, advancing inclusive growth through open collaboration and innovation.
Highlights of Ant International’s 2024 Progress
Alipay+: Revolutionizing cross-border payments and digitalization.
- Collaborates with 35 mobile payment partners, connecting over 90 million merchants across 66 markets to 1.6 billion user accounts.
- Formed strategic partnerships with national QR code schemes, including Singapore’s SGQR and Malaysia’s PayNet.
- Supported a threefold increase in cross-border transactions by global payment partners, excluding Alipay.
Antom: Empowering merchants with innovative payment solutions.
- Nearly doubled Total Payment Volume (TPV) from direct acquiring services year-over-year.
- Achieved a tenfold increase in card processing volume while maintaining top-tier authorization rates.
- Launched tech-driven innovations like Antom Copilot, reducing payment integration time to minutes, and EasySafePay, which streamlined wallet payment procedures while boosting success rates.
WorldFirst: Redefining financial services for global businesses.
- Achieved an annual TPV of US$100 billion, quadrupling its 2020 performance.
- Served over 1 million SMEs globally, with cumulative TPV exceeding US$300 billion, fueled by global expansion.
Embedded Finance: Innovating through AI and blockchain technologies.
- Launched AI-powered solutions, including a Time-Series Transformer AI FX Model, achieving over 90% accuracy in real-time local currency predictions, reducing costs for multinational merchants.
- Delivered blockchain-enabled 24/7 cross-border settlement services, supporting over one-third of Ant International’s total processing volume.
- Introduced bettr, a credit service from ANEXT Bank, enabling 11 million unserved micro-businesses in emerging markets like Bangladesh and Indonesia to access uncollateralized loans.
Loans under management in Ant International’s SME financing services doubled compared to 2023, highlighting its commitment to supporting underserved markets.
Looking Ahead
In 2025, Ant International plans to strengthen its support for SMEs with AI-driven payment, digitalization, and financing solutions. “We remain laser-focused on fostering inclusive growth through public and private sector collaboration,” Yang emphasized.
Ant International’s dedication to sustainable and inclusive innovation continues to shape the future of digital payments and financial technology.