Asian E-Wallets, Ant International Launch Payment Safety Partnership to Protect Cross-Border Digital Transactions
Payment leaders in Asia are initiating the Digital Wallet Guardian Partnership, designed to further strengthen the protection of global wallet payments, as digital wallets rapidly become the preferred choice for everyday transactions among consumers in Asia and around the world.
Ant International, a leading global digital payment, digitisation and financial technology provider, AlipayHK, Hong Kong’s most-used e-wallet, and TNG eWallet, Malaysia’s most preferred e-wallet, will focus on three areas of collaboration under the partnership:
Technology innovation: collaborate on the development and deployment of safety solutions by harnessing artificial intelligence, privacy-preserving computing and other advanced technologies.
Knowledge collaboration: establish knowledge-sharing mechanisms, including conducting workshops focused on evolving risk patterns and trends, and exchange of best practice.
Stakeholder engagement: launch joint awareness campaigns to educate consumers and merchants on how to recognise, avoid, and respond to various risks.
The Asia Pacific region leads the world in digital payment adoption, accounting for nearly two-thirds of global digital wallet spend at US$9.8 trillion, with the highest wallet penetration rates among all regions.1 Alipay+, the global e-wallet gateway by Ant International, has been promoting cross-border payment interoperability in the region, which is crucial in boosting digital payment adoption. Alipay+ now partners with 36 e-wallets and six national QR schemes, most of them from the APAC region, connecting over 100 million merchants to 1.7 billion user accounts.
Given the high adoption rate of digital payments in Asia, 42% of global fraud cases also originate there. Digital wallets have become prime targets, with 15% of wallet accounts compromised in 2023 alone. Among different threats, account takeover frauds rose by 28%, making this a major concern among digital wallet users in Asia2.
Combating payment fraud and account takeovers in initial phase with Alipay+ EasySafePay 360
In the initial phase of the partnership, wallet partners are scheduled to adopt Alipay+ EasySafePay 360, an AI-powered account protection solution for both offline and online wallet transactions, to combat account takeovers. E-wallet operators can expect the Ant International-developed solution to significantly lower the incidence of account takeovers, enhancing users’ trust in their service. EasySafePay demonstrated a 90% reduction in account takeover risk during trial deployment.
By using real-time AI analysis of various types of payment information, EasySafePay builds dynamic risk models to proactively identify and block fraudulent activities. Industry-leading privacy computing ensures secure, integrated analysis across multiple information sources without compromising user privacy.
Wallet users can access a Money-Back Guarantee compensation system offered by EasySafePay, through which Ant International provides full compensation on unauthorised transactions. For compensation requests for unauthorised transactions, an AI-powered approval system further streamlines user verification, boosting efficiency by 90% and accuracy above 95%.
A one-stop user portal offered by EasySafePay is available for wallet operators to integrate into their own platforms so they can address user concerns more efficiently with a suite of customisable tools.
EasySafePay protects online transactions too, including e-commerce transactions and subscriptions of streaming and app-store services. Consumers enjoy one-click payments without the need for redirection to a separate app or browser window for confirmation. Initial estimates have noted that this reduction in friction can improve conversion rates for merchants by up to 10%, boosting their revenue.
Alan Ni, Chief Executive Officer of TNG Digital, shared that “At TNG Digital, the trust of our 24 million and growing verified (eKYC-ed) users and over 2 million merchants is our greatest asset, and safeguarding that trust is non-negotiable. As TNG eWallet becomes an essential part of everyday life in Malaysia and across the region, this partnership allows us to combine advanced technologies and shared knowledge, to strengthen defences against evolving risks. By working together, we are not only protecting our users’ money and data, but also ensuring that everyone, from individuals to businesses, can rely on a secure, inclusive and transparent digital economy.”
“With the rise of e-payments in Hong Kong, security innovation is crucial for user trust,” said Venetia Lee, CEO of AlipayHK. “We safeguard our 4.5 million active users with 24/7 AI monitoring, customisable protections, and regular anti-fraud tips. By advancing our multi-layered security and working with partners on risk management, we’re committed to making digital payments in Hong Kong both secure and convenient.”
“While AI enhances our ability to manage risks, it also introduces new challenges that we must proactively address. Through this partnership, Ant International is dedicated to working closely with our partners to co-develop and share advanced risk-management capabilities. Together, we aim to stay ahead of emerging threats, making digital wallet more secure, so as to drive growth in global travel and commerce,” says Tianyi Zhang, General Manager of Risk Management and Cybersecurity at Ant International.
###
About Ant International
With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit https://www.ant-intl.com/
1https://www.deloitte.com/cn/en/Industries/tmt/perspectives/beyond-payments.html
2https://coinlaw.io/digital-payment-fraud-statistics/
View source version on businesswire.com: https://www.businesswire.com/news/home/20250910977667/en/
Contacts
For media enquiries, please contact
Martin Mou, Global Communications, Ant International
mouxu.mx@ant-intl.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
www.businesswire.com
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Parking Guidance Systems Announces Global Merger With INDECT and ParkZen11.9.2025 15:03:00 EEST | Press release
Parking Guidance Systems, LLC (PGS), the U.S. leader in custom parking technologies, has announced a strategic merger with INDECT Electronics & Distribution GmbH (INDECT) and ParkZen. As the lead company in the merger, PGS is expanding beyond its U.S. base to deliver comprehensive parking solutions internationally. The combined business brings together INDECT’s world-class hardware, ParkZen’s agile software, and PGS’s proven execution in large-scale deployments, establishing the industry’s most complete parking technology company. Since its founding 12 years ago, PGS has built a reputation for exceptional service, cutting-edge innovation, and a focus on client satisfaction. PGS has installed some of the largest parking guidance systems in the United States and has gained a reputation for its efficient design, installation, and support services. The backbone of PGS’s service offering has been INDECT’s parking guidance solutions, particularly its sonic and optical sensors. INDECT's parkin
Vantage Data Centers Announces Opening of Second London Campus with Landmark Public Art Installation11.9.2025 15:00:00 EEST | Press release
Vantage Data Centers, a leading global provider of hyperscale data centers, today announced its second London data center campus (LHR2) will open at the end of September. Located in London’s Park Royal district, the 194,000-square-foot (18,000 square meters) facility will deliver 20MW of IT capacity, representing a £250 million investment into the local economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250911735146/en/ Vantage Data Centers’ second London campus features one of Europe’s largest permanent public art installations. Coinciding with this year’s London Design Festival taking place from Sept. 13-21 and in association with the Park Royal Design District (PRDD), the data center features one of the largest permanent public art installations in Europe. Spanning a six-story facade, 11 Million Dots pays homage to the industrial history of Park Royal while celebrating its revitalization as a thriving new urban desti
Ferring Japan announces PMDA Acceptance of NDA Filing for nadofaragene firadenovec11.9.2025 14:42:00 EEST | Press release
Ferring Pharmaceuticals Co., Ltd. announced that the PMDA has accepted the NDA for nadofaragene firadenovec for review, following submission on August 27th, 2025. This non-replicating gene therapy, administered intravesically, offers patients with NMIBC a bladder-sparing treatment option. Nadofaragene firadenovec's quarterly dosing eliminates the burden of frequent treatments, while delivering a non-chemotherapy mechanism of action through interferon gene therapy. The NDA acceptance further highlights Ferring's ongoing commitment to establish the new standard of care for high-risk BCG-unresponsive NMIBC. Professor Keiji Inoue, M.D., Ph.D., Department of Urology, Kochi Medical School, stated: "Nadofaragene firadenovec represents an option for those who failed NMIBC treatment. As the first choice after BCG failure, this bladder sparing gene therapy offers patients a non-chemotherapy option that transforms their own bladder cells into interferon-producing factories. The 75% complete respo
Quectel Expands LTE Portfolio with Direct-to-Cell (D2C) Capabilities Enabling 100 Percent Global Reach for IoT Developers11.9.2025 14:00:00 EEST | Press release
Quectel Wireless Solutions, a global end-to-end IoT solutions provider, today announced that several of its LTE modules are now available with Direct-to-Cell (D2C) functionality, enabling devices to seamlessly connect to satellite networks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250911087809/en/ Quectel expands LTE portfolio with Direct-to-Cell (D2C) capabilities enabling 100 percent global reach for IoT developers By integrating D2C technology at the module level, Quectel enables devices to extend beyond the limits of ground-based cellular networks by seamlessly leveraging satellite networks. This ensures customers can stay connected virtually anywhere in the world, eliminating the connectivity gaps often encountered in rural or remote areas. Ultimately, this will help to simplify IoT deployments, reducing time-to-market and lowering costs by eliminating the need for specialized satellite hardware. Device manufactur
G Squared and ROYC Announce Strategic Technology Partnership11.9.2025 11:00:00 EEST | Press release
ROYC, the leading global Platform-as-a-Service provider for alternative investments, and G Squared, a U.S.-based venture capital firm investing in category-defining technology companies, are pleased to announce a strategic partnership where ROYC will act as G Squared’s technology and infrastructure partner in Europe. This partnership underscores both firms’ commitment to using best-in-class technology to improve the investor experience. ROYC’s platform will provide G Squared with a fully digital, modular solution for onboarding, execution, and portfolio management tailored to the regulatory and operational landscape in Europe. “We are excited to partner with G Squared — a firm that shares our conviction that technology is the foundation for delivering a great investor experience and G Squared’s innovation-driven DNA and long-term view make them an ideal partner, and we are proud to provide the infrastructure that will support their continued European growth”, said Octavian Popescu, CEO
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom