-
Capital A is in talks with Ant International to integrate cross-border digital payments, payment orchestration, marketing and digitization technology solutions across its business ecosystem, including AirAsia, AirAsia MOVE and BigPay .
-
The two sides will also explore opportunities to foster inclusive and sustainable impact to address global challenges, including promoting digital inclusion, developing digital talent, and advancing sustainable travel programs.
Shanghai, March 29, 2024–(BUSINESS WIRE)–Ant International and AirAsia's owner Capital A. Providing payment orchestration services to our platform, digital marketing, and sponsorship opportunities to accelerate business growth and collaborate to create an inclusive and sustainable impact.
The comprehensive partnership combines Ant International's Alipay+ cross-border payments, marketing and digitization technology solutions, payment orchestration services, and other business units with AirAsia, one-stop travel platform AirAsia MOVE, and financial apps. BigPay.
Tony Fernandes, Capital A CEO “We are thrilled to embark on this transformational journey with Ant International. Ant International’s global reputation as a financial technology powerhouse and its unparalleled expertise make our fintech venture AirAsia MOVE is poised to drive rapid growth for BigPay and Online Travel Apps (OTAs).'') AirAsia MOVE Both companies are focused on agile expansion, and this partnership will bring seamless We are committed to accelerating our joint mission of providing financial services and affordable travel experiences.
Mr. Yan Peng, CEO of Ant International “We are very excited to work with Capital A to begin a new chapter of cross-industry digitalization and build strong synergies between our two companies. Ant International’s innovative digital By leveraging our technology solutions and Capital A's robust global ecosystem, we will enable more seamless services and diverse growth paths for consumers and businesses in the region and beyond.”
The two sides announced that AirAsia MOVE will work with Ant International to integrate Alipay+ e-wallet as a payment option within MOVE's payment flow, and to develop various solutions including super app-related solutions and mini-programs within the Alipay+ ecosystem. I agreed to consider using Wallet Tech.
Additionally, AirAsia MOVE plans to work with Ant International and its partners to leverage its user base to promote AirAsia MOVE's services. This could include targeted promotions, exclusive deals for Alipay+ partner wallet users, and cross-platform visibility of AirAsia MOVE services within Alipay+. Ecosystem.AirAsia MOVE and Ant International will also work on joint marketing opportunities and sponsorship opportunities for events such as UEFA EURO 20241.
The two sides also agreed that BigPay will become the latest Alipay+ partner wallet, allowing 1.5 million users to seamlessly pay when traveling abroad. We will also explore leveraging Alipay+ wallet technology, including anti-fraud and other innovative technologies to develop a more powerful super app.
Meanwhile, airline AirAsia leverages Ant International's air traffic controller orchestration solution to increase payment efficiency and collaborates with Ant International to accept payment methods online, offline and at in-flight checkout. We plan to make it possible.
Capital A currently offers more than 20 different and interoperating products and services, including airline groups such as AirAsia Aviation Group, AirAsia MOVE and BigPay Fintech Services, serving more than 700 million people in the region. Serving people.
The global tourism sector has shown strong recovery and continued resilience since last year, according to the latest UNWTO data.2 He stressed that according to preliminary estimates, international tourism receipts will reach US$ 1.4 trillion in 2023, approximately 93% of the US$ 1.5 trillion earned by destinations in 2019.
According to UNWTO, total export revenue from tourism (including passenger transport) is estimated at USD 1.6 trillion in 2023, almost 95% of 2019.
Introduced in 2020, Alipay+ cross-border mobile payment service now connects more than 88 million merchants in 57 countries and regions to 1.5 billion consumer accounts in more than 25 e-wallets and banking apps, enabling spending We enable our customers to travel and pay with confidence around the world, and our merchants can use our services with confidence. Build cross-border consumer engagement and digital marketing.
The service builds on Alipay+'s extensive regional partnerships, including national QR schemes such as Singapore's SGQR, Malaysia's PayNet, South Korea's ZeroPay, Sri Lanka's LankaPay and Cambodia's KHQR.
Ant International and Capital A will also work together to advance sustainability initiatives, including driving global digital inclusion, developing digital talent, and promoting sustainable travel programs, as agreed by both companies. will cooperate with.
“Ant International is dedicated to leveraging our technology and expertise across sectors to build a vibrant and sustainable digital economy of the future. We look forward to expanding our partnerships with global industry leaders to improve the way people and commerce move around the world, and forging closer bonds between communities.” .
– end –
About Ant International
Headquartered in Singapore, Ant International powers the future of global commerce, enabling everyone and every business to thrive through digital innovation. In close collaboration with our partners, we help merchants of all sizes around the world realize their growth aspirations through a comprehensive solution of technology-driven digital payments and financial services.
About Capital A
Capital A (formerly AirAsia Group) is a synergistic aviation and travel company powered by data and technology, including AirAsia, the world's leading low-cost airline, Capital A Aviation Services, and AirAsia MOVE (formerly AirAsia Super App). It is an investment holding company with a portfolio of businesses. ), fintech BigPay, and logistics venture Teleport. Capital A's vision is backed by robust data accumulated over 20 years of operation and one of Asia's leading brands that remains committed to serving the underserved within ASEAN and beyond. , to create and deliver products and services focused on providing the highest value at the lowest cost. .
1 Ant International is the official partner of UEFA EURO 2024 Berlin, the 17th international football championship organized by the Union of European Football Associations (UEFA).
2 https://www.unwto.org/news/international-tourism-to-reach-pre-pandemic-levels-in-2024
View source version on businesswire.com. https://www.businesswire.com/news/home/20240329404500/ja/
contact address
Media inquiries
Ant International
Li Tao
tao.l@antgroup.com
Capital A
Marianna Kim
maryannakim@airasia.com
