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BNP Paribas partners Ant International to enhance cross-border payment solutions in Europe

  • 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.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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