BNP Paribas has entered into a Memorandum of Understanding with Ant International to improve cross-border payment services for merchants and consumers across Europe. The partnership will allow thousands of European merchants using BNP Paribas' acquiring services to accept payments from over 25 international mobile partners via Alipay+. Additionally, the collaboration aims to bolster WorldFirst’s participation in the Single Euro Payments Area (Sepa) scheme, enhancing seamless online cross-border payments and fund transfers.
BNP Paribas will also explore innovations in tokenized deposits for global treasury management through Ant's blockchain-based Whale platform. This expanded collaboration, which began in 2016, seeks to leverage each party's strengths to offer superior cross-border payment services and foster innovation in treasury management standards.
Source: Finextra
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