- Partnership Overview:
- BNP Paribas partners with Ant International to enhance cross-border payment solutions in Europe.
- Formalized through a Memorandum of Understanding (MoU) signed in Zurich.
- Key Initiatives:
- BNP Paribas to leverage Alipay+ services to enable European merchants to accept payments from over 25 international mobile partners.
- Joint exploration of tokenized deposits for global treasury management using Ant’s Whale platform.
- Technological Advancements:
- Enhancing efficiency and speed of global fund settlements with tokenized deposits.
- Developing Whale platform to improve fund movement efficiency and transparency for better global liquidity management.
- Additional Collaborations:
- BNP Paribas to sponsor WorldFirst for participation in the Single Euro Payments Area (SEPA) scheme.
- WorldFirst to use BNP Paribas’ expertise and products to expedite integration and onboarding onto SEPA.
BNP Paribas partners Ant International to enhance cross-border payment solutions in Europe
