Ant International has partnered with Swift’s Network Interoperability Reference Implementation program, marking a significant step towards enhancing cross-border treasury management solutions. The initiative, which launched as a pre-pilot program, aims to improve transparency and user experience in cross-border payments. By collaborating with global payment service providers (PSPs), the program seeks to address interoperability challenges using Swift’s network infrastructure.
The program is designed to explore real-world business scenarios, such as tracking end-to-end cross-border transactions through banks, PSPs, and even e-wallet platforms. This effort aims to streamline international payments by providing greater visibility and improving efficiency for end users.
Earlier this year, Ant International also became a member of Swift, further strengthening its connections with multiple banks. This move aligns with Ant International’s goal to enhance its global treasury management offerings, particularly through its blockchain and tokenised deposits platform.
Advancing payment transparency and technology
By joining Swift’s program, Ant International is set to leverage the financial messaging network’s infrastructure and expertise to improve transaction visibility across borders. The collaboration focuses on business cases that address the complexity of managing cross-border transactions, particularly for merchants relying on digital payment platforms.
Kelvin Li, Head of Platform Tech at Ant International, emphasised the importance of this partnership. He stated: “We are honoured to be part of this program by Swift. With this program, we aim to leverage Swift’s existing infrastructure and Ant International’s experience and technological capabilities in cross-border and digital payments to deliver more convenient and seamless cross-border transaction experiences to merchants of all sizes, all over the world.”
Commitment to innovation in global payments
Ant International’s involvement in the program underscores its commitment to advancing financial technology for businesses worldwide. Through participation in this initiative, the company hopes to address the common challenges in cross-border payment systems, such as delays, lack of transparency, and fragmented processes.
This collaboration with Swift represents a strategic step forward in Ant International’s mission to make global treasury management solutions more efficient and user-friendly. By integrating cutting-edge technologies with established financial networks, the company is poised to provide innovative solutions for merchants and financial institutions alike.