Ant International has been appointed as an inaugural foreign Institution Partner (FIP) for China’s Cross-border Interconnection Payment Gateway (CPG), a scheme overseen by the People’s Bank of China and the Payment & Clearing Association of China (PCAC).
According to a statement, Ant International and Alipay hold the largest presence in the CPG initiative by number of card networks and wallet integrations, range of use cases and transaction volumes.
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The CPG framework intends to streamline connections and enhance stability for overseas payment service providers seeking access to the Chinese market.
Under the arrangement, Alipay+ — Ant International’s cross-border payment and digital services arm — will use the direct connection to broaden its partner network and international reach.
The platform will enable scan-and-pay transactions for international users at merchants on the Chinese mainland and provide a route for foreign wallets to link with Alipay’s merchant base.
Ant International states that Alipay+ has partnerships with 36 e‑wallets and eight national QR payment schemes and systems. It links more than 100 million merchants to 1.8 billion consumer accounts.
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By GlobalDataAs an FIP within the CPG, Alipay+ is reported to support scan-and-pay for seven major international card brands and users from 12 jurisdictions.
The company also notes technology collaborations with over 20 e‑wallets and payment networks across Asia, Europe and other regions, and ties with government-backed mobile payment schemes in several emerging markets.
The national QR schemes and payment systems cited as expanding internationally via Alipay+ include SGQR (Singapore), PayNet DuitNow (Malaysia), ZeroPay (South Korea), Bakong (Cambodia), NCHL/FonePay (Nepal), LankaPay (Sri Lanka), QRIS (Indonesia) and HUMO (Uzbekistan).
