- MoU signed at the Singapore Fintech Festival 2025 covers several areas of strategic cooperation to scale digital payments, strengthen connectivity and advance fintech innovation
- Partnership enables DBS PayLah! users to scan Alipay+ QR codes to pay at more than 150 million merchants across over 100 markets
SINGAPORE--BUSINESS WIRE--
DBS and Ant International have agreed to deepen their existing strategic collaboration to jointly explore innovative payments, digitisation and fintech solutions aimed at providing more inclusive services for regional businesses of all sizes and individual consumers.
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From left to right: Tan Su Shan, CEO of DBS, Loy Hwee Chuan, Segment Head of Telecommunications, Media & Tech, Hong Kong and GBA, DBS, Edward Yue, Alipay+ General Manager for SEA, ANZ and South Asia at Ant International, Peng Yang, CEO of Ant International
The collaboration will leverage DBS’ digital banking capabilities and Ant International’s cutting-edge financial technologies such as AI and blockchain, to scale cross-border payments, strengthen connectivity and drive innovations in the financial ecosystem.
The Memorandum of Understanding (MoU) was inked on the sidelines of the Singapore Fintech Festival 2025, committing DBS and Ant International’s key businesses – Alipay+, Antom, WorldFirst and Bettr Platform Tech – to a comprehensive partnership spanning several areas of strategic cooperation. These areas of collaboration include:
- Boosting cross-border payments connectivity: DBS PayLah! will join the Alipay+ payments ecosystem, enabling over three million DBS PayLah! users to make QR codes payments to more than 150 million merchants in over 100 markets.
- Exploring near-instant remittances to 1.8 billion consumer accounts on Alipay+: Ant International and DBS are currently exploring a bank-to-wallet solution that enables real-time remittances between DBS customers and more than 1.8 billion user accounts on the Alipay+ ecosystem. The solution will use ISO 20022 messaging standards and leverage the SWIFT network. Both organisations are also exploring further innovative solutions to enhance and simplify remittances between DBS customers and Alipay+ ecosystem users.
- Supporting small and medium enterprises (SMEs) on their digital transformation journey: DBS will partner with Antom, Ant International’s unified merchant payment and digitisation services provider, to explore potential solutions that can meaningfully support SMEs in advancing their digital transformation journey. An example being considered includes the Model Context Protocol (MCP)-based Antom Agentic Payment solution, which integrates Antom’s unique Alternative Payment Method checkout capabilities, industry-leading payment mandate model, and trusted AI technologies. DBS will also work with WorldFirst to scale up same-day and near-instant cross-border payments solutions for SME clients.
- Fostering innovation in regional fintech ecosystems: DBS and Ant International further reiterated their shared commitment to driving innovation in the financial sector, by deepening their existing collaboration on tokenised deposits1.
Peng Yang, CEO of Ant International, said: “We are proud to deepen our partnership with DBS, whom we have already been working closely with since 2013, on various initiatives including SME payment solutions and most recently, tokenised deposits. With a shared vision on enhancing inclusive growth for local and regional commerce, as well as nurturing local innovation and talent, we look forward to bringing our know-how in payments and digitalisation together to create even stronger synergy to continuously boost the digital economy in this region. Together, we’ll make a difference to the region by driving inclusive and sustainable growth.”
Tan Su Shan, CEO of DBS, said: “DBS is pleased to have the privilege to expand our partnership with Ant International. They are a truly like-minded partner in purpose-driven innovation, having demonstrated a shared vision for leveraging cutting-edge technology to create more efficient and inclusive financial ecosystems. By synergising our strengths, we can unlock new avenues for growth, accelerate future-ready solutions like tokenised deposits and agentic payments – and reimagine the future of finance to drive greater impact for our clients and customers.”
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 17 consecutive years from 2009 to 2025.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
About Ant International
With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, Ant International’s unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit https://www.ant-intl.com/
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Contact details:
Media Contacts
DBS
Tania Tan
[email protected]
+65 9692 2887
Sze Lynn Tay
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+65 8322 7180
Ant International
Ant International Global Communications
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