Ant International drives AI in cross-border payment

Ant International, part of China’s Ant Group, is using AI to improve cross-border transactions for small and medium-sized enterprises (SMEs) worldwide.

Based in Singapore, the company recently launched an AI model that predicts currency exchange rates hourly for both incoming and outgoing transactions.

This innovation seeks to assist businesses by potentially cutting down transaction costs.

Recent Ant Group developments

Timeline
20-Sep-2024 💰 Ant Group raises $6.5b refinancing for HK, SG units Ant Group raises $6.5 billion for refinancing Includes $5B and $1.5B credit facilities
05-Aug-2024 💳 Ant Group’s 2C2P slashes 2023 losses by 93% 2C2P partners with Ikea and Pine Labs in 2023 Revenue up 5% as losses shrink by 93% this year
25-Mar-2024 🏦 Ant Group pumps $148m into SG digibank unit Anext Bank Anext Bank secures US$148M from Ant Group Over US$503M invested in Anext Bank since inception
05-Sep-2023 💳 Ant Group expands Alipay+ integrations in the Philippines Alipay+ adds three new wallets in the Philippines Major cities Manila and Cebu now support Alipay+
02-Aug-2023 💳 Ant Group partners with DFS for luxury travel retail Ant Group partners with DFS for digital payments. Alipay+ enhances cross-border payment options.
24-Jul-2023 🌐 Ant Group appoints new president of international business

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Recent Ant Group developments

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