Bangkok Today
KBank and Ant International Partner on Cross-Border Payments and Liquidity Management in Thailand
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KBank will combine its banking capabilities with Ant International’s finAI solutions to enhance cross-border payments and treasury management for Ant International’s ecosystem
Key facts
- KASIKORNBANK (KBank) and Ant International have formed a strategic collaboration to jointly develop an integrated financial infrastructure to deliver faster, more reliable, and scalable payment experiences for Ant International and its
- The Memorandum of Understanding (MoU) will combine KBank’s regulated financial capabilities with Ant International’s financial AI solutions to enable real-time, 24/7 [1] cross-border USD transactions
- Morgan Payments for real-time USD liquidity movement and is expected to significantly enhance transaction speed while enabling continuous 24/7 [2] operations
- Through Alipay+, Ant International’s digital wallet gateway, KBank’s mobile banking app KPLUS is connected into an ecosystem of 150 million merchants and 1.8 billion consumer accounts worldwide
Summary
KASIKORNBANK (KBank) and Ant International have formed a strategic collaboration to jointly develop an integrated financial infrastructure to deliver faster, more reliable, and scalable payment experiences for Ant International and its customers.
The Memorandum of Understanding (MoU) will combine KBank’s regulated financial capabilities with Ant International’s financial AI solutions to enable real-time, 24/7 [1] cross-border USD transactions. The initiative will leverage Blockchain Deposit Accounts from Kinexys by J.P. Morgan, the industry-leading blockchain business part of J.P.