BNP Paribas has partnered with Ant International, a Singapore-headquartered digital payment technology company, to improve cross-border payments for merchants and consumers in Europe.
As part of the partnership BNP Paribas will work with Alipay+, a cross-border mobile payment and digitalisation service run by Ant International, to enable merchants using BNP Paribas' acquiring service in Europe to accept payments from over 25 international mobile partners via Alipay+.
The companies will also work together on WorldFirst, a digital payment and financial services platform from Ant International, with BNP Paribas sponsoring the platform’s participation in the Single Euro Payments Area (SEPA) scheme.
The move will allow WorldFirst to operate in the Single Euro Payments Area and launch products in the region.
Additionally, BNP Paribas said it will explore innovations in tokenised deposits for global treasury management through Ant International’s Whale platform. The collaboration aims to improve the efficiency and speed of global fund settlements through the use of tokenised deposits.
“This new agreement with Ant International deepens a long-term collaboration that started in 2016 when Alipay+ was rolled-out in Europe,” said Pierre Fersztand, head of cash management, payments, trade solutions and factoring at BNP Paribas. “This is a key step in bolstering our service offering while leveraging on each other’s strengths to offer our clients the best service when it comes to cross-border payments.”
Latest News
-
EU to ‘hand over crypto oversight to ESMA’
-
Lloyds Bank barcode cash deposit tool racks up £3m since launch
-
Fifth Third to acquire Comerica in $10.9bn all‑stock deal, creating ninth‑largest US bank
-
ING appoints new UK head of financial markets
-
Santander UK CEO to step down ahead of TSB integration
-
Samsung to offer crypto services to over 75 million users
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories