Ant International and Capital A Berhad, owner of AirAsia, have formed a strategic collaboration in various areas, exploring to integrate more local payments methods and providing payment orchestration services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and cooperate to create inclusive and sustainable impact.
The comprehensive partnership covers collaborative initiatives between Ant International’s Alipay+ cross-border payment, marketing and digitalization technology solutions, payment orchestration services, and other business segments, and flagship businesses under Capital A, including AirAsia, the one-stop travel platform AirAsia MOVE, and finance app BigPay.
Tony Fernandes, CEO of Capital A said:
“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. 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.
Yang Peng, CEO of Ant International said:
“We are very excited to join hands with Capital A to start a new chapter of cross-industry digitalization, building on the strong synergy between us. By leveraging Ant International’s innovative digital technology solutions and Capital A’s robust global ecosystem, we can bring more seamless services and diversified growth pathways for consumers and businesses in the region and beyond.”
Both sides agreed that AirAsia MOVE will work with Ant International to integrate Alipay+ e-wallets as payment options within the MOVE’s payment flows, and explore the use of various Wallet Tech including super app related solutions as well as developing mini-program within Alipay+ ecosystem.
In addition, AirAsia MOVE is to work with Ant International and its partners in leveraging its user base to promote AirAsia MOVE’s services, this could involve targeted promotions, exclusive deals for Alipay+ partner wallet users, and cross platform visibility for AirAsia MOVE’s services within the Alipay+ ecosystem. AirAsia MOVE and Ant International will also work on joint marketing opportunities and sponsorship opportunities for events such as UEFA EURO 20241.
The two sides also agreed that BigPay will become the latest Alipay+ partner wallet to allow its 1.5 million users to be able to pay seamlessly when they travel abroad. It will also explore using Alipay+ Wallet Tech, including fraud prevention and other innovative technologies to develop an even stronger super app.
In the meantime, its airlines entity AirAsia will leverage Ant International’s Airline Controller orchestration solution to drive payment efficiency, work with Ant International to enable acceptance of payment methods for online, offline and in-flight checkout.
“Ant International is dedicated to building a vibrant, sustainable future digital economy with our technology and cross-sector expertise. We look forward to expand our partnership with global industry leaders like Capital A, to improve the way people and commerce move around the world, and build closer bonds between communities,” said Yang.
