Ant International, a leading provider of digital payment solutions and financial technology, has inaugurated its first Middle Eastern office in the Al-Olaya business district of Riyadh, Saudi Arabia, following its certification as a Payment Technical Service Provider (PTSP) by the Saudi Central Bank (SAMA).
This office enables Ant International to deepen collaborations with local stakeholders within the payment ecosystem, facilitating the delivery of advanced payment solutions and inclusive financial services for local acquirers and merchants, with a particular focus on SMEs operating in the Kingdom.
Antom, one of Ant International’s core business solutions, represents a comprehensive digital payment platform for merchants. It is set to launch operations in the local market later this year, empowering e-commerce acquirers and merchants with avenues for growth while aligning with the economic objectives outlined by SAMA for the Kingdom.
Leiming Chen, Senior Vice President and Chief Sustainability Officer of Ant International, said: “The opening of our Riyadh office represents a significant milestone for Ant International in the Middle East, and strong commitment from Ant International to contribute to the economic growth of the Kingdom of Saudi Arabia – with the creation of local fintech jobs, inclusion initiatives and a boost to digital transformation in the region.”
Also Read: Ant International Appoints Jiang-Ming Yang as its new CIO to Lead AI-Driven Digital Transformation StrategyIn the future, Antom payment services, including its advanced payment gateway solution, will support local businesses operating in the Kingdom of Saudi Arabia via innovative technologies. It seeks to enhance merchants’ operations through AI-routed payment orchestration, LLM-powered merchant services and advanced security measures. These solutions aim to reduce costs, improve efficiency and transaction security, and streamline foreign exchange risk management.
“Ant International’s entry into KSA with Antom payment services aligns closely with the priorities of SAMA, providing stability and consumer protection, supporting KSA consumers to buy safely and conveniently through digital payment methods, and growing KSA’s fintech sector through the creation of local jobs and talent inclusion programs,” said Mr. Chen.
