Ant International Named First Foreign Institutional Partner of China’s Cross-Border Interconnection Payment Gateway
Beijing / Singapore, 18 September 2025 - Ant International is appointed as an inaugural foreign Institution Partner (FIP) of China’s Cross-border Interconnection Payment Gateway (CPG), under the guidance of the People’s Bank of China and the Payment & Clearing Association of China (PCAC). Ant International and Alipay are the largest players in the CPG scheme with the largest number of card network and wallet partners, the broadest use cases and largest business volume. The new CPG scheme is designed to raise connection efficiency and improve system stability for overseas payment partners. Its timely launch opens a safe and smoother highway for these partners to access the Chinese market. Alipay+, the cross-border payment and digitization services under Ant International, will leverage this new direct connection setup to accelerate growth of its partner eco-system to expand global coverage. This will enable an even more convenient and secure travel experience for internat...