Ant International, a leading global digital payment and financial technology provider, has reported robust growth in 2024 across its four pillar businesses: Alipay+, Antom, WorldFirst, and Embedded Finance. Alipay+ expands its wallet-based payment and digitalization space, strengthening WorldFirst and Antom, the two business fintech services. The new Embedded Finance segment deepens Ant International’s ecosystem by offering AI-powered fintech solutions to clients and partners across its other three main businesses, including FX, treasury management, inclusive lending, and more. The segment also strengthens WorldFirst and Antom, the two business fintech services.
“2024 has been a transformative year for Ant International,” said Peng Yang, Chief Executive Officer of Ant International. “We are committed to advance inclusive growth through AI-powered innovation and collaboration on cross-border travel, trade, commerce and inclusive finance.”
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 progress in 2024 so far:
Alipay+: Ant International’s cross-border mobile payment and digitalization technology solutions.
- Alipay+ leads the industry in collaboration with 35 leading mobile payment partners, including e-wallets, banking apps, BNPL apps, etc., connecting over 90 million merchants in 66 markets to 1.6 billion user accounts. It has also formed strategic partnerships with national standardized 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.
- 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 a three times year-on-year increase in 2024, where Alipay maintains the leadership.
Alipay+ builds a broader digital payment and digitalization ecosystem for other pillar businesses of Ant International.
Antom: a leading merchant payment and digitization services provider offering one-stop, vertical-specific digital payment solutions to merchants of all sizes.
- The total payment volume (TPV) of Antom’s direct acquiring services nearly doubled between January and November 2024 over the 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 the previous year, delivering top-notch authorization rates to its global enterprise merchants.
- Antom continues to launch tech-driven innovative solutions to provide its customers with more secure and efficient services at lower costs. 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 payment procedures, eliminating the need to redirect from the merchant checkout page to the user’s wallet app, offering complete account takeover protection to wallet users, and leading to a significant payment success rate increase.
WorldFirst: a one-stop digital payment and financial services platform for global businesses.
- In 2024, five years after its acquisition, WorldFirst achieved an annual TPV of US$100 billion, four times that of 2020. This marks its transformation into the world’s leading one-stop digital payment and financial services platform for cross-border businesses.
- Accumulatively, WorldFirst has served more than 1 million SMEs globally, with a total TPV surpassing US$300 billion and an ever-strengthening growth momentum as it expands its footprints from Asia and Europe to the rest of the world.
Under Embedded Finance, our Credit Tech and Platform Tech teams leverage cutting-edge AI and blockchain technologies to innovate secure, end-to-end embedded finance solutions to clients and partners across Alipay+, Antom, and WorldFirst businesses, ranging from risk-modeling, cross-border settlement, FX, and liquidity management, to credit and lending services for underserved SMEs and individuals.
- In line with G20’s commitment to lower cross-border payment costs via technology innovation, Platform Tech developed a world-leading Time-Series Transformer AI FX Model to help multi-national merchants in airline, e-commerce, and other sectors improve treasury management efficiency and reduce cost. Our FX solutions predict real-time local currency needs by the hour, with an accuracy of over 90%, significantly lowering cost and uncertainty for our operations and millions of merchants, including SMEs.
Through collaborative innovation with global financial institutions, we leverage blockchain technology to provide 24/7 real-time cross-border settlement serviceability to our worldwide business and clients. In 2024, the blockchain solution supported over one-third of Ant International’s total processing volume.
- In 2024, leveraging AI-powered Credit Tech and Risk Tech capabilities, Ant International added to ANEXT Bank, its Singapore-based MSME-focused digital bank, a new inclusive credit service under the brand better. Today, in emerging markets, including Bangladesh and Indonesia, better collaborates with local fintech partners to enable over 11 million unserved micro businesses and individuals, most first-time borrowers, to acquire uncollateralized loan services based on more accurate and fairer credit ratings.
- In 2024, loans under management across AInternational’sl’s SME financing services more than doubled compared to 202″.
“In 2025, we will continue to be laser-focused on supporting SMEs across borders with AI-powered innovative and trusted payment, digitalization, and inclusive financing solutions through expanded public- and private-sector collaboration.
