Ant Group and HSBC Expand Partnership to Strengthen Global Payments and Treasury Services

The partnership will focus on mobile payment connectivity, account services, foreign exchange (FX), and treasury management. Both companies aim to make international payments more connected and improve financial services for businesses and consumers worldwide.

Partnership to Focus on Payments and Financial Services

Under the agreement, Ant Group and HSBC will explore ways to strengthen collaboration across their payment and banking services. The companies plan to improve global mobile payment connectivity and accelerate the development of next-generation account and treasury management solutions.

The expanded partnership will build on their existing work in payment connectivity and real-time treasury management services for enterprise clients.

Ant Group and HSBC Aim to Improve Global Financial Connectivity

Cyril Han, CEO of Ant Group, said that HSBC has been a longstanding partner of the company in payment connectivity and real-time enterprise treasury management.

He added that combining HSBC's banking expertise with Ant Group's technology capabilities will help build future-ready financial infrastructure and create new opportunities to serve businesses and customers worldwide.

David Liao, Co-Chief Executive, Asia and Middle East at HSBC, said the expanded partnership would use HSBC's global connectivity and Ant Group's innovation capabilities.

Previous Collaboration Between Ant International and HSBC

The latest agreement builds on earlier cooperation between Ant International and HSBC. The two companies recently expanded their real-time treasury management services to the Middle East to support international business operations.

HSBC also confirmed that Ant International was the first company to use its Tokenized Deposit Service, highlighting their ongoing collaboration in digital financial services.

About Ant Group

Ant Group is a China-based technology and financial services company. It develops digital payment, financial technology, and related services for consumers and businesses. Its international business, Ant International, provides digital payment, financial account, and treasury management solutions to support global businesses.

About HSBC

HSBC is a global banking and financial services group headquartered in London, United Kingdom. The bank provides services across personal banking, commercial banking, corporate banking, investment banking, and wealth management. It operates across multiple international markets, connecting businesses and customers through its global banking network.

Read Also - AMD, FuriosaAI and MangoBoost Partner to Build AI Infrastructure Cluster