DBS & Ant International Partner for Cross-Border Payments

DBS Group and Ant International unveil a major partnership, aiming to revolutionize cross-border payments and financial technology services. Users of DBSs PayLah! app will soon enjoy QR code payments at over 150 million merchant locations across 100+ markets, thanks to Ants Alipay+ network. The companies also plan to offer near-instant money transfers between DBS customers and Alipay+s 1.8 billion accounts. Beyond payments, the partnership will focus on digital tools for small businesses and blockchain for tokenized deposits, fostering inclusive growth and innovation in the region.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.