The initiative seeks to simplify global money transfers by linking 11,500 financial institutions across more than 200 markets on Swift to 1.7 billion user accounts on 36 wallets supported by Alipay+, especially in fast-growing Asian growing markets.
Standard Chartered is pushing further into payments innovation, joining Swift and Ant International to trial bank-to-wallet transfers while also rolling out treasury tools powered by artificial intelligence (AI)
The bank announced earlier today that it has begun live production trials with Swift and Ant that connect Standard Chartered customer accounts to e-wallets in the Alipay+ network. The first transactions have already been processed, using ISO 20022 messaging and Swift’s infrastructure.
