Ant International CEO: Alipay+ cross-border payment service will be launched in Indonesia this year

News from this site on April 19, Indonesian media Kompas reported that Yang Peng, CEO of Ant Group’s International Business Group, met with the Indonesian Minister of Communications today. He said that its popular cross-border payment service Alipay will be introduced to the Indonesian market. According to reports, Yang Peng said during a meeting with the Indonesian Minister of Communications that Alipay, Alibaba’s payment platform, will further expand its business and enter the Indonesian market. He also revealed that Ant Group has cooperated with Indonesian partners to provide Indonesian

Yang Peng said that Ant Group is meeting all its requirements according to the guidance of the Bank of Indonesia and working with local partners to be able to quickly operate in Indonesia. Indonesia launches this service. Yang Peng also said he hopes to launch Alipay services in Indonesia this year.

Alipay is a publicly available service launched in 2020 that provides services and technology tools to merchants and e-wallets worldwide, enabling them to Ability to provide users with the ability to make payments in overseas markets using local e-wallets.

This site has noticed that Ant International’s financial technology has been adopted by many Indonesian technology companies that provide digital finance and banking services, such as Dana, Bank Mandiri, and Gojek.

In addition to discussing matters related to the introduction of Alipay into Indonesia, Yang Peng said that Ant International has reached a number of cooperation with the Ministry of Communications and Information, among which One is to establish a joint laboratory.

"We can enable small and medium-sized enterprises to better use digital payment technology and complete cross-border collections more smoothly, while also protecting personal data privacy and solving fraud problems in the AI ​​era. Therefore, The joint laboratory can be a guarantee to help them operate better in this digital market," Indonesian Minister of Communications and Information Budi Ali Setiadi said, in addition to the expected opening in Jakarta (located in Java). In addition to the rapidly completed joint laboratories in the island's northwest coast) and Yogyakarta (a city in south-central Java), there are two other forms of cooperation agreed with Ant Group, including the Digital Talent Scholarship and the Digital Talent Academy. These cooperations aim to promote the development of Indonesia’s digital economy and cultivate and improve digital skills to cope with growing digital needs. The Indonesian government hopes to accelerate digital transformation and enhance the country's digital economic capabilities through cooperation with Ant Group. Budi Ali Setiadi added that the joint implementation

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