Capital A’s digital arm to form strategic partnership with Ant International

KUALA LUMPUR: Capital A Bhd’s digital arm, Move Digital and BigPay, has partnered strategically with Ant International.

In a statement, Capital A said the partnership includes expanding payment methods and offering acquiring services on Capital A’s platforms, collaborating on digital marketing and sponsorships to boost business growth, and working together to improve access to sustainable finance for the micro, small & medium enterprise (MSME) community during the transition to a low-carbon economy.

“We’re thrilled to embark on this transformative journey with Ant International. Their global recognition as a financial technology powerhouse, coupled with their unparalleled expertise, is poised to propel rapid growth for our fintech venture BigPay and our online travel app (OTA) AirAsia MOVE,” CEO Tan Sri Tony Fernandes said.

“Both entities are dedicated to agile expansion, and this partnership promises to accelerate our collective mission of providing seamless financial services and affordable travel experiences to our customers worldwide,” he added.

Meanwhile, Ant International CEO Yang Peng said: “We are very excited to see the two companies found great synergy with each other and targeted various areas that we can collaborate on. By leveraging Ant International’s innovative digital technology solutions and Capital A’s rich and popular ecosystem, we can better serve the customers in the region and beyond.”

As part of this strategic partnership, AirAsia MOVE will work with Ant International to explore integrating Alipay+ payment solutions into its platform, allowing users to pay for services using Alipay+.

AirAsia MOVE and Ant International will also explore the use of various wallet technologies (Wallet Tech), including super apps and mini-programs within the Alipay+ ecosystem, to enhance user experience.