Standard Chartered Bank teams up with payment, digitisation and financial technology provider Ant International and member-owned cooperative and secure financial messaging services provider Swift to pioneer bank-to-wallet payment solution using by ISO 20022 financial messaging standards.
According to a press release, the trio launched live production trials for the payment solution through Alipay+, completing the first transactions between a Standard Chartered Bank customer account and a partner e-wallet.
The move seeks to leverage the Swift network of over 11,500 financial institutions in more than 200 countries and territories to connect to 1.7 billion user accounts on the 36 global digital wallets in the Alipay+ ecosystem, especially across fast-growing Asian markets.
