BOCHK and Ant International Announce Strategic Partnership on Cross-Border Payments and Fintech Innovation | LeapRate
Bank of China (Hong Kong), or BOCHK, and Ant International said Thursday that they have entered into a strategic partnership aimed at strengthening cross-border payment connectivity and developing new corporate financial service solutions through fintech and artificial intelligence.
The agreement is said to bring together BOCHK’s banking infrastructure with Ant International’s fintech and AI capabilities.
The two companies intend to explore AI-driven financial services, support real-time treasury management, and improve liquidity solutions for global enterprises, with a particular focus on small and medium-sized enterprises.
Sun Yu, Vice Chairman and Chief Executive of BOCHK, said the bank’s expertise in cross-border payments and treasury management, combined with its role as Bank of China’s Southeast Asia regional headquarters, positioned it to support Ant International’s expansion in the region.
Eric Jing, Chairman of Ant International, described BOCHK as a trusted partner since 2013 and said the collaboration would help deliver more seamless payment experiences for businesses and consumers.
The partnership will involve three Ant International units. Alipay+, the company’s wallet gateway, will work with BOCHK to improve retail payment connectivity across Hong Kong and Southeast Asia, a network that already includes more than 50 payment partners and over two billion user accounts.
AlipayHK will deepen ties with BOCHK, including linked accounts and joint marketing campaigns. Bettr will explore blockchain-based treasury and liquidity tools, while WorldFirst will collaborate with BOCHK on cross-border fund management services for SMEs trading internationally, covering more than 220 countries and regions.
