Ant International said Thursday it has joined forces with leading Asian e-wallets to launch a new partnership aimed at strengthening protection for digital payments as fraud risks mount in the region.
Ant International Partners with AlipayHK and TNG eWallet to Launch Security Partnership
The Digital Wallet Guardian Partnership is said to bring together Ant International, AlipayHK in Hong Kong and Malaysia’s TNG eWallet.
The collaboration is expected to focus on technology innovation, knowledge-sharing and stakeholder engagement, with initiatives ranging from AI-driven fraud prevention to consumer awareness campaigns.
In its first phase, the partnership will roll out Alipay+ EasySafePay 360, an AI-powered solution designed to cut account takeover fraud by up to 90%.
The company explained that the system uses real-time analysis to build dynamic risk models, blocking suspicious activity before it reaches users. It also offers a Money-Back Guarantee on unauthorised transactions, with an AI approval process to speed up compensation claims.
Asia Pacific leads the world in digital payment adoption, accounting for nearly two-thirds of global wallet spend, according to Ant International. However, the region also accounts for 42% of global fraud cases, with account takeover incidents rising 28% in 2023.
Alan Ni, CEO of TNG Digital, said: “As TNG eWallet becomes an essential part of everyday life in Malaysia and across the region, this partnership allows us to combine advanced technologies and shared knowledge, to strengthen defences against evolving risks.”
Venetia Lee, CEO of AlipayHK, added: “By advancing our multi-layered security and working with partners on risk management, we’re committed to making digital payments in Hong Kong both secure and convenient.”
