BNP Paribas Partners Enters into A Cross-Border Payment Partnership with Ant International

BNP Paribas and Ant International, a leading digital payment and fintech firm, have entered into a partnership to improve cross-border payment solutions for European merchants and consumers.

The agreement, formalized on July 3 2024 through a Memorandum of Understanding (MoU) signed by Douglas Feagin, President of Ant International, and Pierre Fersztand, Global Head of Cash Management, Payments, Trade Solutions & Factoring at BNP Paribas, outlines several key initiatives.

The partnership will see BNP Paribas integrating Alipay+, Ant International's cross-border mobile payment and digitalization solution, into its acquiring service across Europe. This integration will allow thousands of merchants to accept payments from over 25 international mobile partners via Alipay+.

Additionally, BNP Paribas and Ant International will collaborate to enhance WorldFirst's participation in the Single Euro Payments Area (SEPA) scheme. WorldFirst, Ant International's digital payment and financial services platform, will leverage BNP Paribas' sponsorship to streamline its integration into SEPA, enabling seamless cross-border payments and fund transfers within the SEPA Zone.