{"id":379062,"date":"2025-08-28T01:19:10","date_gmt":"2025-08-28T01:19:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/379062\/"},"modified":"2025-08-28T01:19:10","modified_gmt":"2025-08-28T01:19:10","slug":"ant-and-standard-chartered-test-bank-to-wallet-payments-offering","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/379062\/","title":{"rendered":"Ant and Standard Chartered Test Bank-to-Wallet Payments Offering"},"content":{"rendered":"

Live productions of this solution using the ISO 20022 financial messaging standards are underway, Standard Chartered\u00a0announced<\/a>\u00a0Wednesday (Aug. 27).<\/p>\n

Using Ant\u2019s Alipay+ global wallet gateway services, the first transactions were completed between a Standard Chartered Bank customer account and a partner e-wallet. The solution employs\u00a0Swift<\/a>\u2019s network\u00a0of more than 11,500 financial institutions in 200-plus countries and territories to connect to 1.7 billion user accounts on the 36 global digital wallets in the Alipay+ ecosystem, particularly across fast-growing Asian markets.<\/p>\n

\u201cIn a world of fast-moving innovation with a growing number of ways to move value, consumers and businesses expect more choice and optionality in their\u00a0international payments<\/a>\u00a0experience,\u201d said\u00a0Kevin Wong<\/a>, chief executive for Swift\u2019s Asia Pacific operations.<\/p>\n

\u201cSwift is at the forefront of providing a best-in class experience with greater flexibility and choice. This collaboration with Ant International and Standard Chartered reflects that strategic commitment to faster, frictionless payments across multiple networks.\u201d<\/p>\n

The partnership comes in the midst of a shift in digital wallet usage among consumers and small businesses, as research by PYMNTS Intelligence has found.<\/p>\n

The research found a growing preference for digital wallets when sending and receiving money across borders, particularly among consumers. The study found that\u00a042% of consumers<\/a>\u00a0pointed to digital wallets as their top choice, outpacing traditional methods like bank account transfers and money transfer services. The figure was slightly higher among Americans, at 44%.<\/p>\n

In addition, close to half of the consumers who don\u2019t use digital wallets for international payments anticipate adopting them for peer-to-peer (P2P) transactions in the near future, \u201cpointing toward\u00a0further expansion<\/a>\u00a0of digital wallet usage in this domain,\u201d PYMNTS wrote.<\/p>\n

The chief drivers of this adoption included the perceived speed and growing trust associated with digital wallets.<\/p>\n

\u201cHowever, the\u00a0burgeoning popularity<\/a>\u00a0of digital wallets in cross-border payments presents opportunities and challenges for banks,\u201d PYMNTS wrote in April. \u201cWhile consumers and businesses embrace the convenience offered by digital wallets, the report found interoperability issues that hinder seamless transactions across different platforms and countries.\u201d<\/p>\n

According to the study, 62% of banks in the U.S. and U.K. that are innovating or looking to innovate in cross-border payments plan to do so by teaming up with FinTech companies. The key factor behind these partnerships is the need for faster payment processing.<\/p>\n","protected":false},"excerpt":{"rendered":"Live productions of this solution using the ISO 20022 financial messaging standards are underway, Standard Chartered\u00a0announced\u00a0Wednesday (Aug. 27).…\n","protected":false},"author":2,"featured_media":379063,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3159],"tags":[80561,112705,3523,547,12,3279,132105,25146,53,16,15,3281],"class_list":{"0":"post-379062","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-alipay","9":"tag-ant-international","10":"tag-digital-wallets","11":"tag-mobile","12":"tag-news","13":"tag-pymnts-news","14":"tag-standard-chartered","15":"tag-swift","16":"tag-technology","17":"tag-uk","18":"tag-united-kingdom","19":"tag-whats-hot"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115103764553431610","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/379062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=379062"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/379062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/379063"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=379062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=379062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=379062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}