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StraitsX partners with Ant Group and Grab to enable cross-border payments using technologies such as the Avalanche network
2024-11-05 03:13
Odaily News StraitsX, a Southeast Asian digital asset payment infrastructure, announced today that it has launched an innovative collaboration with Ant International (Ant Group) and Grab to enable tourists to use Alipay+ partner payment applications in Singapore through "targeted funds" (PBM) to achieve a more convenient and efficient cross-border payment experience. This collaboration uses blockchain technology, including the Avalanche network, to support PBM-driven back-end payment processes to provide tourists with a seamless payment experience. Through this collaboration, international users from Alipay+ can quickly pay at GrabPay merchants in Singapore, and the use of PBM is also expected to maintain consistent payment processing costs for GrabPay merchants and international payment applications within the Alipay+ ecosystem.