SINGAPORE--(BUSINESS WIRE)--Jun 27, 2024--
On 2024 International MSME Day, Ant International, a digital payment and financial services leader, shares that it supports almost 100 million Micro, Small, and Medium-sized Enterprises (MSMEs) worldwide across its businesses and partner programs; and reinforces its commitments towards MSME digitalization and inclusion through the expansion of its services, new programs for skills development with industry partners, and a new global campaign.
Click to Gallery
SINGAPORE--(BUSINESS WIRE)--Jun 27, 2024--
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626356788/en/
“MSMEs are the lifeblood of our economies, driving innovation, employment, and inclusive development,” said Douglas Feagin, President of Ant International. “Their resilience and entrepreneurial spirit deserve to be celebrated and nurtured. At Ant International, we firmly believe in the power of small and that small businesses can make a big impact. Fintech innovations today unlock new possibilities for small businesses to dream boldly and compete globally. Together with our partners, we want to ensure that every business and every person will have access to the knowledge, network, and digital tools to help them achieve their goals.”
Empowering growth for MSMEs through digitalization
Across its businesses, Ant International offers solutions that enable MSMEs to digitalize, opening new growth opportunities.
Alipay+, the cross-border mobile payments and marketing solutions operated by Ant International, announced an expansion of its global acceptance. As of June 2024, Alipay+ is accepted by over 90 million merchants in over 66 markets, connecting businesses to users of 30 international payment partners. With travel picking up and tourism a key driver of many local economies, this enables many small businesses to connect with global mobile-first consumers in a simple, cost-efficient manner.
A key development in driving digitalization at scale is through Alipay+’s integration with national QRs. Alipay+ is currently integrated with the national QRs of Singapore, Malaysia and South Korea, which counts MSMEs as majority of its merchants. In Singapore, Alipay+ transactions at hawker stalls have increased 52% in H1 2024, compared to H2 2023. In Malaysia and South Korea, Alipay+ transactions increased 44% and 54% respectively via PayNet and ZeroPay, in Q2 vs Q1 2024. Alipay+ also has partnerships with national QRs in Cambodia, Nepal and Sri Lanka.
As a leading provider of digital payment solutions, Antom supports merchants of all sizes, including MSMEs, across over 40 countries and regions. Through a single integration, Antom connects them to more than 250 payment methods in over 150 markets. Its D-store solution enables MSME merchants to digitalize their operations and set up an online store in just 10 minutes with zero upfront cost. Over 5000 outlets have already onboarded this solution, with average monthly transactions growing by 27% in Q2 vs Q1 2024.
In supporting MSMEs to do business globally, WorldFirst empowers more than 1 million SMEs with international payments to 200+ markets in over 100 currencies. To enable more SMEs to do cross-border trade, WorldFirst will expand to more markets in Southeast Asia and Europe this year. ANEXT Bank, a digital wholesale bank incorporated in Singapore, recently celebrated its second anniversary, with two times year-on-year increase in its customer base, of which 69% are micro businesses. To further support regional MSMEs, ANEXT Bank has introduced its second batch of SME Friends of ANEXT with forward-thinking small and growing businesses to co-create the “digital bank of tomorrow”.
Ant International has also recently unveiled bettr, a new global digital lending service to provide micro lending to MSMEs through embedded finance partnerships, further accelerating financial inclusion.
Harnessing industry partnerships to drive MSME development
Ant International believes in open industry collaboration to jointly support knowledge and skills development for MSMEs.
In Indonesia, Ant International and DANA will launch the second edition of SisBerdaya, an initiative that provides female micro entrepreneurs training, mentoring, and educational programs in business management and digital skills. Started in 2023, the first edition drew more than 2700 applicants, with 180 participants undergoing a one-month training, and grants awarded to 30 entrepreneurs.
In collaboration with the International Finance Corporation, 10x1000 Tech for Inclusion is an open learning platform to help future digital leaders develop more skills to drive greater impact within their communities. As of 2023, with the support of 40+ global strategic partners, more than 6,000 individual talents from 100+ countries and regions completed the 10x1000 learning programs, of which 90% are from developing markets and 60% work in MSMEs.
Earlier this year, Ant International launched Programme Sirius, with the support of 13 Asia Pacific fintech leaders to empower MSMEs in their transition towards sustainability, in line with the United Nationals Sustainable Development Goals.
Global campaign to ‘Embrace the power of small’
In celebration of International MSME Day, Ant International launches its “Embrace the power of small” campaign featuring three business owners and their journeys of digitalization. The business owners are:
Cholthicha Joyyangsuk (Numwan), Thailand – a micro entrepreneur in Bangkok selling Thai desserts on her tuktuk. With Alipay+, she can now easily accept mobile payments from tourists, sharing a slice of culture, while giving her access to a wider pool of customers.
Lem Cheong, The Hainan Story, Singapore – inspired by his grandma’s rich heritage and flavourful recipes, Mr Cheong aims to evolves traditional dishes, just as he evolves his business with digital tools like Antom’s D-store solution to simplify his store operations.
Lewis Ames, Wrimes Cosmetics, UK – starting with neon face paint and pivoting to pet care during the pandemic, Mr Ames uses WorldFirst to pay his suppliers and collect payments from marketplaces easily, so he can grow his business from Stevenage to the world.
These stories will be featured on out-of-home billboards, starting in Europe, in time for the UEFA EURO 2024, of which Ant International is the Official Payment Partner, and rolled out to other global markets, and also on TV and social media.
About Ant International
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, we support merchants of all sizes worldwide to realize their growth aspirations through a comprehensive range of tech-driven digital payment and financial services solutions.
(Photo: Business Wire)
(Photo: Business Wire)
(Photo: Business Wire)
(Photo: Business Wire)
WASHINGTON (AP) — U.S., European and Arab mediators are pressing to keep stepped-up cross-border attacks between Israel and Lebanon's Hezbollah militants from spiraling into a wider Middle East war that the world has feared for months.
Hopes are lagging for a cease-fire anytime soon in Israel's conflict with Hamas in Gaza that would calm attacks by Hezbollah and other Iranian-allied militias. With that in mind, American and European officials are delivering warnings to Hezbollah, which is far stronger than Hamas but seen as overconfident, about taking on the military might of Israel, current and former diplomats say.
They are warning that the group should not count on the United States or anyone else being able to hold off Israeli leaders if they decide to execute battle-ready plans for an offensive into Lebanon. And Hezbollah should not count on its fighters' ability to handle whatever would come next.
On both sides of the Lebanese border, escalating strikes between Israel and Hezbollah, one of the region's best-armed fighting forces, appeared at least to level off this past week. While daily strikes still pound the border area, the slight shift offered hope of easing immediate fears, which had prompted the U.S. to send an amphibious assault ship with a Marine expeditionary force to join other warships in the area in hopes of deterring a wider conflict.
It's not clear whether Israel or Hezbollah has decided to ratchet down attacks to avoid triggering an Israeli invasion into Lebanon, said Gerald Feierstein, a former senior U.S. diplomat in the Middle East. Despite this past week's plateauing of hostilities, “it certainly seems the Israelis are still ... arranging themselves in the expectation that there will be some kind of conflict ... an entirely different magnitude of conflict," he said.
The message being delivered to Hezbollah is “don't think that you're as capable as you think you are,” he said.
Beginning the day after Hamas' Oct. 7 attacks on Israel triggered the war in Gaza, Hezbollah has launched rockets into northern Israel and vowed to continue until a cease-fire takes hold. Israel has hit back, with the violence forcing tens of thousands of civilians from the border in both countries. Attacks intensified this month after Israel killed a top Hezbollah commander and Hezbollah responded with some of its biggest missile barrages.
U.N. humanitarian chief Martin Griffiths used the word “apocalyptic” to describe a war that could result. Both Israel and Hezbollah, the dominant force in politically fractured Lebanon, have the power to cause heavy casualties.
“Such a war would be a catastrophe for Lebanon," Defense Secretary Lloyd Austin said as he met recently with Israeli Defense Minister Yoav Gallant at the Pentagon. “Another war between Israel and Hezbollah could easily become a regional war, with terrible consequences for the Middle East.”
Gallant, in response, said, “We are working closely together to achieve an agreement, but we must also discuss readiness on every possible scenario.”
Analysts expect other Iran-allied militias in the region would respond far more forcefully than they have for Hamas, and some experts warn of ideologically motivated militants streaming into the region to join in. Europeans fear destabilizing refugee flows.
While Iran, which is preoccupied with a political transition at home, shows no sign of wanting a war now, it sees Hezbollah as its strategically vital partner in the region — much more so than Hamas — and could be drawn in.
"Obviously if it does look like things are going seriously south for the Israelis, the U.S. will intervene,” Feierstein said. “I don't think that they would see any alternative to that.”
While the U.S. helped Israel knock down a barrage of Iranian missiles and drones in April, the U.S. likely would not do as well assisting Israel's defense against any broader Hezbollah attacks, said Gen. CQ Brown, chairman of the Joint Chiefs of Staff. It is harder to fend off the shorter-range rockets that Hezbollah fires routinely across the border, he said.
The Israeli army is stretched after a nearly 9-month war in Gaza, and Hezbollah holds an estimated arsenal of some 150,000 rockets and missiles capable of striking anywhere in Israel. Israeli leaders, meanwhile, have pledged to unleash Gaza-like scenes of devastation on Lebanon if a full-blown war erupts.
White House senior adviser Amos Hochstein, President Joe Biden's point person on Israel-Hezbollah tensions, has not been successful so far in getting the two sides to dial back the attacks.
The French, who have ties as Lebanon's former colonial power, and other Europeans also are mediating, along with the Qataris and Egyptians.
White House officials have blamed Hezbollah for escalating tensions and said it backs Israel’s right to defend itself. The Biden administration also has told the Israelis that opening a second front is not in their interest. That was a point hammered home to Gallant during his latest talks in Washington with Secretary of State Antony Blinken, Austin, CIA Director William Burns, national security adviser Jake Sullivan, Hochstein and others.
“We’re going to continue to help Israel defend itself; that’s not going to change,” White House national security spokesman John Kirby said. “But as for a hypothetical — specifically with respect to the northern border line ... — again, we want to see no second front opened, and we want to see if we can’t resolve the tensions out there through diplomatic processes.”
White House officials, however, are not discounting the real possibility that a second front in the Mideast conflict could open.
In conversations with Israeli and Lebanese officials and other regional stakeholders, there is agreement that “a major escalation is not in anybody’s interest,” a senior Biden administration official said.
The official, who was not authorized to comment publicly about White House deliberations and spoke on condition of anonymity, bristled at the “purported logic” of Hezbollah leader Hassan Nasrallah arguing that Israel would see an end to Hezbollah attacks by reaching a cease-fire agreement with Hamas in Gaza.
But the official also acknowledged that an elusive cease-fire deal in Gaza would go a long way in quieting tensions on the Israel-Lebanon border.
Biden introduced a three-phase deal four weeks ago that would lead to an extended truce and the release of Israeli hostages and Palestinian prisoners, but negotiations between Israel and Hamas appear to have stalled. A senior Biden administration official said Saturday that the U.S. has presented new language to Egypt and Qatar intermediaries aimed at trying to jumpstart the negotiations. The official spoke on condition of anonymity to discuss an effort that the White House has yet to publicly unveil.
Without a cease-fire, there's still hope that talked-of Israeli plans to wind down major combat in the southern city of Rafah and elsewhere in Gaza could lead Hezbollah to temper its firing of rockets into Israel, said Randa Slim, a senior fellow at the Middle East Institute.
But without a cease-fire in Gaza, any temporary calm on the Lebanon-Israeli border “is not enough," Slim said.
Associated Press writers Abby Sewell in Beirut, Josef Federman in Jerusalem, and Matthew Lee, Tara Copp, Lolita C. Baldor and Aamer Madhani contributed to this report.
Mourners carry the coffins of Hezbollah fighters Mohammed Hussein Qassem and Abbas Ahmed Soror, who were killed by an Israeli strike, during their funeral procession in Aita al-Shaab village, south Lebanon, Saturday, June 29, 2024. (AP Photo/Mohammed Zaatari)
Defense Secretary Lloyd Austin, right, and Israeli Defense Minister Yoav Gallant, second from left, sit down for a meeting at the Pentagon in Washington, Tuesday, June 25, 2024. The two, who have been in weekly contact since the Hamas attack on Israel in October, are expected to discuss Israeli operations in Gaza, humanitarian efforts in the region, and tension with Hezbollah in Lebanon. (AP Photo/Susan Walsh)
Defense Secretary Lloyd Austin, standing right, and Israeli Defense Minister Yoav Gallant, standing left, listen to the playing of the Israeli National Anthem during an arrival ceremony at the Pentagon in Washington, Tuesday, June 25, 2024. The two, who have been in weekly contact since the Hamas attack on Israel in October, are expected to discuss Israeli operations in Gaza, humanitarian efforts in the region, and tension with Hezbollah in Lebanon. (AP Photo/Susan Walsh)
