Ant Group and HSBC Expand Partnership to Strengthen Global Payments and Treasury Services

Hong Kong – China-based fintech giant Ant Group and HSBC have signed a Memorandum of Understanding (MoU) to expand their strategic partnership, focusing on enhancing global mobile payment connectivity and advancing next-generation account and treasury management services.

The agreement was signed during Hong Kong FinTech Week, with both companies committing to deepen collaboration across payments, account services, foreign exchange (FX), and treasury management.

The expanded partnership builds on the companies' existing cooperation in payment connectivity and real-time enterprise treasury management. It aims to improve cross-border financial connectivity while delivering more efficient and integrated financial services to businesses and consumers worldwide.

Cyril Han, CEO of Ant Group, said the partnership builds on a longstanding relationship with HSBC, spanning payment connectivity and real-time enterprise treasury management.

"By combining HSBC's world-class banking expertise with Ant Group's technology capabilities, we are building future-ready infrastructure. Together, we look forward to exploring new ways to serve businesses and customers worldwide," Han said.

David Liao, Co-Chief Executive for Asia and the Middle East at HSBC, said the expanded collaboration would leverage the bank's global connectivity alongside Ant Group's innovation capabilities.

He added that both companies remain committed to building a more efficient, transparent, and reliable financial ecosystem while helping businesses and consumers access new global growth opportunities.

The announcement also follows a separate expansion of treasury management services between HSBC and Ant International into the Middle East, extending real-time treasury management capabilities for businesses operating in the region.

In another development, HSBC confirmed that Ant International was the first company to use its Tokenized Deposit Service, highlighting the growing collaboration between the two organisations in exploring digital financial infrastructure and next-generation banking services.