DBS, Ant International expand partnership to boost cross-border payments
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DBS Group and Ant International have signed a memorandum of understanding to enhance their partnership, focusing on cross-border payments and fintech services. Announced at the Singapore Fintech Festival, the collaboration will enable DBS PayLah! users to make QR code payments at over 150 million merchants globally through Ant’s Alipay+ network. They are also exploring near-instant remittances and other initiatives to support small businesses and blockchain technology, aiming to foster inclusive growth and innovation in the region.
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