Ant Digital deepens support for Hong Kong's global push in fintech

AI and cross-border financing services can help businesses expand in the country.

Ant Digital Technologies (AntDT) further supported Hong Kong’s GoGlobal cross-border payment and financing services and artificial intelligence (AI) regulation.  

In October, Hong Kong launched the GoGlobal Task Force, a support platform aimed at helping Chinese mainland enterprises expand their international business as they find base in Hong Kong.  

Antom, a unified merchant payment service under Ant International, provides integrated payment facilitation and growth solutions to China’s travel, digital and entertainment, and electric vehicle sectors.

WorldFirst, a payment and financial services hub for SMEs, already supports 50,000 cross-border businesses in global e-commerce.

Ant International also supported the co-development of HSBC’s first global tokenised deposits solution for its corporate clients.

Ant Group’s main affiliates include AntDT, Ant International, and OceanBase, a distributed database technology provider.

AntDT established a joint AI and Web3 lab with Hong Kong Polytechnic University early this year to explore AI adoption and train new talents in the financial sector.

AI and tokenisation are seen to improve financial services in the country, said Eric Jing, Ant Group chairman, at the 10th annual Hong Kong Fintech Week held in November.

The group first launched Alipay in Hong Kong to help Chinese consumers and travellers make cross-border payments online and offline.