Ant Group and HSBC plan to work more closely on payments and treasury services.

They signed a MoU at Hong Kong Fintech Week to expand their collaboration across payments, account services, foreign exchange (FX) and treasury management.

The agreement also aims to improve global mobile payment connectivity and advance account and treasury management services.

Cyril Han, CEO of Ant Group, said,

“HSBC has been our longstanding partner — from payment connectivity to real-time enterprise treasury management.

By combining HSBC’s world-class banking expertise with Ant’s technology capabilities, we are building future-ready infrastructure.”

David Liao, Co-Chief Executive, Asia and Middle East, HSBC, said,

” We are delighted to deepen our partnership by further leveraging HSBC’s global connectivity and Ant Group’s strength in innovation, as we remain committed to building a more efficient, transparent, and reliable financial ecosystem – helping businesses and consumers embrace new growth opportunities globally.”

Featured image: Edited by Fintech News Hong Kong, based on image by Ant International