Ant Group cooperates with BNP Paribas to launch cross-border payment business, and European merchants can accept payments through "Alipay+"

News from this website on July 15, according to "Interface News" report, Douglas Feagin, President of Ant International, and Pierre Fersztand, Global Head of Cash Management, Payments, Trade Solutions and Factoring Business of BNP Paribas, held a meeting on July 3, 2024. A memorandum of understanding (MoU) was signed in Zurich on Japan, and both parties agreed to develop a number of important plans.

1. BNP Paribas and Ant International cooperate on digital payment business

BNP Paribas will cooperate with "Alipay+" operated by Ant Financial to allow merchants in Europe who use BNP Paribas acquiring services to use "Alipay+" Accept payment.

2. Wanlihui participates in the Euro Single Payment Area (SEPA) plan

The two parties also agreed to cooperate to strengthen Ant Group’s cross-border payment subsidiary Wanlihui (WorldFirst)’s participation in the Euro Single Payment Area (SEPA) plan.

3. Explore tokenized deposit innovation in global fund management

In addition, BNP Paribas will work with Ant International through Ant International’s Whale platform to explore tokenized deposit innovation in global fund management to improve global The efficiency of fund settlement.

4. Alipay cooperates with UnionPay International to upgrade payment services

This site noticed that in addition to providing convenience for outbound tourists, Alipay announced on July 9 that it will cooperate with UnionPay International to upgrade payment services. Inbound guests can download and register the Alipay App By binding a UnionPay card issued overseas, just like domestic users, you can scan Alipay QR codes to pay at tens of millions of merchants in daily scenes of eating, drinking, shopping, and shopping. Currently, more than 240 million UnionPay cards have been issued in 81 overseas countries and regions.

5. Alipay received approval for payment plan for inbound travelers

Under the guidance and support of the People's Bank of China and the State Administration of Foreign Exchange, Alipay cooperated with Wanglian Clearing Company, Bank of China, Industrial and Commercial Bank of China, Overseas Wallet, etc., in 2020 It is the first company in China to receive approval for two payment solutions for inbound travelers, including "download the Alipay App and then bind an overseas bank card" (with the external card bound inside) and "directly use an overseas e-wallet to scan the Alipay QR code" (outsourced within use).

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