Partnership enables DBS PayLah! users to scan Alipay+ QR codes to pay at more than 150 million merchants across over 100 markets
DBS and Ant International have agreed to deepen their existing strategic collaboration to jointly explore innovative payments, digitisation and fintech solutions aimed at providing more inclusive services for regional businesses of all sizes and individual consumers.
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The collaboration will leverage DBS’ digital banking capabilities and Ant International’s cutting-edge financial technologies such as AI and blockchain, to scale cross-border payments, strengthen connectivity and drive innovations in the financial ecosystem.
The Memorandum of Understanding (MoU) was inked on the sidelines of the Singapore Fintech Festival 2025, committing DBS and Ant International’s key businesses – Alipay+, Antom, WorldFirst and Bettr Platform Tech – to a comprehensive partnership spanning several areas of strategic cooperation. These areas of collaboration include:
Peng Yang, CEO of Ant International, said: “We are proud to deepen our partnership with DBS, whom we have already been working closely with since 2013, on various initiatives including SME payment solutions and most recently, tokenised deposits. With a shared vision on enhancing inclusive growth for local and regional commerce, as well as nurturing local innovation and talent, we look forward to bringing our know-how in payments and digitalisation together to create even stronger synergy to continuously boost the digital economy in this region. Together, we’ll make a difference to the region by driving inclusive and sustainable growth.”
Tan Su Shan, CEO of DBS, said: “DBS is pleased to have the privilege to expand our partnership with Ant International. They are a truly like-minded partner in purpose-driven innovation, having demonstrated a shared vision for leveraging cutting-edge technology to create more efficient and inclusive financial ecosystems. By synergising our strengths, we can unlock new avenues for growth, accelerate future-ready solutions like tokenised deposits and agentic payments – and reimagine the future of finance to drive greater impact for our clients and customers.”
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit http://www.dbs.com.
With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, Ant International’s unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit https://www.ant-intl.com/
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