Ant International has joined Swift’s Network Interoperability Reference Implementation program, which brings together a number of global payment service providers (PSPs) to explore interoperability using Swift.

The program is a pre-pilot designed to improve payment transparency in cross-border payments, by exploring the business scenarios on cross-border end-to-end transactions tracking through banks, PSPs and tracking on e-wallet use cases, the company said in a statement on Friday.

Earlier this year, Ant International also became a member of Swift, streamlining its connection to multiple banks. This is in line with Ant International's aim of enhancing its global treasury management solutions by improving the interoperability of its blockchain and tokenized deposits platform.

Kelvin Li, Head of Platform Tech at Ant International, said, “We are honored to be part of this program by Swift. With this program, we aim to leverage Swift’s existing infrastructure and Ant International’s experience and technological capabilities in cross-border and digital payments to deliver more convenient and seamless cross-border transaction experiences to merchants of all sizes, all over the world.”

Headquartered in Singapore, Ant International powers the future of global commerce with digital innovation for everyone and every business to thrive. In close collaboration with partners, the company said it supports merchants of all sizes worldwide to realize their growth aspirations through a comprehensive range of tech-driven digital payment and financial services solutions.

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