Alipay+ Expands Banking Network in Hong Kong
Ant International has added Hang Seng Bank as its first banking partner in Hong Kong for the Alipay+ unified wallet gateway. This partnership allows users of the Hang Seng Mobile App to make cross-border payments via QR code scanning at over 100 million merchants across more than 55 countries and regions. The expansion aligns with growing demand for outbound cross-border payments from Asia Pacific, which Ant International projects will grow faster than the global average. The company estimates that C2C and C2B payment volumes in the region could reach $3.7 trillion by 2032. Alipay+ is already accepted in over 220 markets and connects with multiple national QR systems. Ant International recently secured a Series A equity financing of approximately $1.2 billion to support global expansion, product development, and financial services innovation.
Topics: Alipay+ cross-border payments digital banking Hong Kong