ant group chairman jing xiandong: digital payments drive open, inclusive and sustainable development
2024-09-14
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china business network reported on september 13 that at the 13th china payment and clearing forum, ant group chairman and ceo jing xiandong delivered a wonderful speech entitled "digital payment: driving open, inclusive and sustainable development". jing xiandong elaborated on the innovative practices and remarkable achievements of ant group in promoting the facilitation of entry payments for foreigners and helping small and medium-sized enterprises to go global.
talking about the facilitation of inbound payment for foreigners, jing xiandong emphasized that under the careful guidance of the people's bank of china and the state administration of foreign exchange, ant group has joined hands with key partners such as unionpay and china national network payment corporation, as well as financial institutions such as industrial and commercial bank of china and bank of china, to jointly launch a number of innovative inbound payment solutions. jing xiandong particularly mentioned the in-depth cooperation between ant group and international card organizations such as american express. according to jing xiandong, mohammed badie, president of global network services of american express, personally experienced and highly praised the convenience of mobile payment in china at the shanghai bund fintech summit. "he is very happy that american express's 140 million cardholders in china can live very smoothly in china like him."
data shows that ant group's inbound payment services have widely covered multiple markets such as the greater bay area, southeast asia, central asia and northeast asia, with the number of users increasing threefold year-on-year and the transaction amount reaching rmb 16 billion. in addition, ant group has established close cooperation with more than 500 consumer-friendly business districts in 70 cities across the country, providing foreigners with more diverse consumption scenarios and choices.
facing the impact of the global digital wave, jing xiandong pointed out that the international trade pattern is undergoing profound changes, and small and micro enterprises are gradually emerging as a new force in international trade. however, small and medium-sized enterprises often face many challenges in the process of going overseas, such as international market fluctuations, foreign exchange risks, and cross-border transaction costs. to this end, ant group, relying on the two major platforms of alipay and wanlihui, has established in-depth cooperative relationships with more than 130 e-commerce platforms around the world, and has tailored a one-stop cross-border payment and foreign exchange risk management solution for small and medium-sized enterprises.
jing xiandong introduced in detail the "account global payment" service of ant group, which covers more than 200 countries and regions around the world, supports 39 collection currencies and 96 payment currencies, and ensures that 90% of cross-border payments can be received instantly. at the same time, ant group also uses artificial intelligence technology to provide small and medium-sized enterprises with accurate foreign exchange risk management services, helping them to respond to exchange rate fluctuations in the international market in a stable manner.
in addition, ant group launched the "global voyage" plan, which aims to help small and medium-sized enterprises open global stores with one click, greatly shortening the store opening cycle and lowering the threshold for opening stores. this innovative measure not only accelerates the internationalization process of small and medium-sized enterprises, but also promotes their transformation and upgrading from price competition to quality and brand competition.
jing xiandong said that ant group will continue to uphold the concepts of openness, innovation, collaboration and sharing, and work with more partners to jointly promote the popularization and application of digital payments around the world. he firmly believes that through the power of digital payments, it can further promote the interconnection of the global economy, help more foreigners to "come in" easily, and provide strong support for chinese smes to "go global", and contribute greater strength to the prosperity and development of the digital payment industry and digital economy in china and even the world.
