Alipay+ News & Analysis

Ant International Adds Hang Seng Bank to Alipay+ Network

Ant International has partnered with Hang Seng Bank, making it Alipay+'s first banking partner in Hong Kong. The Alipay+ network now includes over 50 digital wallets and financial institutions. This service allows Hang Seng Mobile App users to make payments at over 100 million merchants in more than 55 countries. Ant International noted the rising demand for outbound cross-border payments from Asia Pacific, projecting that this volume could reach $3.7 trillion by 2032, nearly doubling from 2024. For ordinary investors, this partnership represents a significant expansion of Alipay+'s reach and potential revenue growth in cross-border payments.