Ant International becomes an inaugural foreign institution partner of China’s Cross-Border Interconnection Payment Gateway.
Ant International has been appointed as an inaugural Foreign Institution Partner (FIP) of China’s Cross-border Interconnection Payment Gateway (CPG), under the guidance of the People’s Bank of China and the Payment & Clearing Association of China (PCAC).
As the largest player in the CPG scheme, Ant International and Alipay lead in coverage, use cases, and transaction volume. The CPG initiative is designed to improve connectivity and stability for overseas payment partners, opening a secure and streamlined pathway into the Chinese market.
Through this direct connection, Alipay+, Ant International’s cross-border payment and digital services solution, will expand its global partner ecosystem. The integration will allow international wallets to connect seamlessly with 80 million Alipay merchants across China, providing global travellers with a more convenient and secure payment experience.
Alipay+ has formed strong partnerships with government-backed mobile payment schemes in emerging markets. These include SGQR (Singapore), PayNet DuitNow (Malaysia), ZeroPay (South Korea), Bakong (Cambodia), NCHL/FonePay (Nepal), LankaPay (Sri Lanka), QRIS (Indonesia), and HUMO (Uzbekistan).
The Asia-Pacific region remains the world’s most dynamic payments market, with e-wallet transactions reaching US$9.8 trillion in 2023, nearly two-thirds of the global total. By supporting national digitisation initiatives, Alipay+ is helping to advance inclusive financial growth.
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