SMBC and Ant International team up on cross-border payments and SEA expansion

SMBC will integrate Ant’s Whale RTP platform into its solutions.

Sumitomo Mitsui Banking Corporation (SMBC) has signed a memorandum of understanding (MOU) with Ant International for cross-border payments and business expansion in Japan and Southeast Asia.

Under the MOU, the two companies will collaborate to enhance their cross-border payment solutions, as well as support their business expansions focusing on transaction flows in Japan, Singapore, and Southeast Asia.

SMBC plans to leverage its transaction banking solutions to support the business operations of Ant International’s Alipay+, Antom, and WorldFirst.

SMBC said that it will support Ant International in optimising its cross-border payments and treasury management.

SMBC will integrate Ant International’s Whale RTP platform into its digital payment and asset solutions.