Ant International Opens First Middle East Office in Saudi Arabia in Drive to Expand Regional Partnership
Ant International, a leading global digital payment, digitisation and financial technology provider, has opened a new office location in the central business district of Al-Olaya, Riyadh, Kingdom of Saudi Arabia (KSA), following its successful technical certification as a Payment Technical Service Provider (PTSP) from Saudi Central Bank (SAMA).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212524846/en/
Leiming Chen, Senior Vice President and Chief Sustainability Officer of Ant International, and Gary Liu, General Manager of Antom, led the opening ceremony in Riyadh, KSA (Photo: Business Wire)
With the new office launch, Ant International will work more closely with local partners in the payment ecosystem to provide innovative payment solutions and inclusive financial services to local acquirers and merchants, especially SMEs doing business in KSA to empower their sustainable growth. This move also positions Riyadh as a hub for international businesses looking to initiate operations in Saudi Arabia, further enhancing its role as a key player in the global business landscape.
Antom is one of Ant International’s business pillars, a unified digital payment solution for merchants. Antom will start operation in the local market later this year, enabling e-commerce acquirers and local merchants to achieve new growth, while aligning with the economic priorities which SAMA has laid out 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.
“Under the continued support and guidance of SAMA and the Ministry of Investment (MISA), we’ve taken our first steps to support businesses of all sizes across the Kingdom of Saudi Arabia by offering digital inclusion, and we plan to bring Ant International’s innovative business pillars to the Kingdom in time. We greatly value the strong, dynamic payment market in Saudi Arabia, which has been shaped by SAMA’s progressive policies and the Kingdom’s vibrant economy, providing a great environment for innovation and sustainable growth.”
Antom has established local acquiring capabilities across more than 40 markets. It enables merchants to seamlessly integrate with hundreds of payment methods – including credit and debit cards, online banking and digital wallets – and facilitates transactions in over 100 currencies. It also customises payment solutions to meet the distinct needs of various industries.
In 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. Additionally, companies will be able to refine customer targeting by utilising Antom’s digital marketing tools and privacy-computing solutions.
“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.
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.
About Antom
Ant International’s Antom is the leading payment and digitisation services provider for merchants around the world. It offers one-stop, vertical-specific digital payment solutions to meet the payment needs of merchants of all sizes. Antom has established local acquiring capabilities in over 40 markets, with the flexibility to accept payments in more than 100 currencies. It also provides digital marketing solutions and merchant digitisation services to help merchants in digital operations and to better engage with their customers. To learn more, please visit https://www.antom.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250212524846/en/
Contacts
Contact details for Ant International
Joshua Way
Joshua.way@antgroup.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
www.businesswire.com
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Coincheck Reports Fiscal 2025 Third Quarter Financial Results12.2.2025 15:00:00 EET | Press release
Coincheck Group N.V. (Nasdaq: CNCK) (“Coincheck Group,” the “Company” or “Group”), a Dutch public limited liability company and a holding company of Coincheck, Inc. (“Coincheck”), a leading Japanese crypto exchange company, today reported financial results for its fiscal 2025 third quarter ended December 31, 2024. “We are pleased to report our fiscal 2025 third quarter results, which included strong quarter-over-quarter growth in Total Revenue of 75% from ¥70.3 billion to ¥ 123.1 billion,” said Gary Simanson, CEO of Coincheck Group. “These results reflect the successful closing of our business combination with Thunder Bridge Capital Partners, IV, Inc. (“Thunder Bridge IV”) on December 10, 2024, and our ability to build one of the preeminent global crypto and Web3 companies in the world, and well positions us for future growth in a large and rapidly growing market.” “We are thrilled to have successfully completed our previously announced business combination with Thunder Bridge IV and b
Executives Remain Committed to Integrating Financial and Sustainability Data, Citing Strong Benefits Despite Policy Uncertainty, New Workiva Study Finds12.2.2025 15:00:00 EET | Press release
Companies that integrate financial and sustainability data are gaining a competitive edge. According to Workiva Inc.’s (NYSE: WK) 2025 Executive Benchmark Survey of 1,600 global leaders, 97% of executives say sustainability reporting will be a business advantage within two years, and 96% of investors agree it strengthens financial performance. Despite policy uncertainty, leaders are not changing course. Over 10,000 companies and institutions (a 29% year-over-year increase) have set science-based decarbonization targets or committed to doing so, while 24 U.S. States and over 190 countries remain aligned with the Paris Climate Agreement, signaling that long-term commitments are holding firm. Executives see integrated reporting as essential for resilience and growth. “CEOs are making choices today that will shape their business for years to come,” said Julie Iskow, CEO of Workiva. “Assured financial and sustainability reporting is not simply a compliance play, it's a strategic approach to
WeFi Advises Tech Vendors: Grease Your Channel's Financial Wheels for the Sovereign AI Boom12.2.2025 15:00:00 EET | Press release
WeFi, a leading provider of IT finance solutions, brings attention to growing interest in sovereign and enterprise AI. These deals represent billions of dollars in opportunities for technology vendors and resellers, who can leverage modern channel finance solutions for better access to credit and financial liquidity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212587046/en/ Adrian Liddiard, Co-Founder and Co-CEO of channel finance fintech WeFi. (Photo: Business Wire) Taking control of AI Governments and enterprises are becoming increasingly bullish about AI. According to a new EY AI Pulse survey, many enterprises are doubling their AI investments compared to three years ago. Some of this spending will go towards public cloud hyperscalers and AI platforms. However, businesses and governments are also developing internal AI services, motivated by data control, security, governance, specialised use cases, and a growing fi
SBC Medical Group Holdings Announces its Purchase of Bitcoin12.2.2025 14:00:00 EET | Press release
SBC Medical Group Holdings Incorporated (Nasdaq: SBC) (“SBC Medical” or the “Company”) today announced that it has made a decision to purchase Bitcoin (BTC), the world’s most widely circulated cryptocurrency. This purchase, totaling equivalent to 1 billion yen, is part of the company’s strategic initiatives which aim to build a robust financial base that supports long-term enterprise value creation through the flexible and efficient cash management in response to macroeconomic conditions. Cryptocurrencies are gaining attention as a new store of value and are recognized as a means of improving financial stability through diversification. Particularly during periods of inflation, cryptocurrencies like Bitcoin can serve as an effective asset preservation tool. Bitcoin, as the largest cryptocurrency by market capitalization and with a limited supply, is expected to experience long-term value appreciation and is increasingly recognized as an attractivemeans of hedging against inflation for
Cain and Ares Enter Exclusivity to Acquire Significant Stake in Trent Rockets12.2.2025 13:55:00 EET | Press release
Cain International (“Cain”) and Ares Management Credit funds (“Ares”) have together entered exclusivity to acquire a significant stake in The Hundred franchise, Trent Rockets. Following a competitive bidding process, Cain and Ares won the auction as the preferred private investors and will now enter an eight-week exclusivity period to finalise legal agreements. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212458553/en/ Cain and Ares Enter Exclusivity to Acquire Significant Stake in Trent Rockets (Photo: Business Wire) Cain, a partnership between Jonathan Goldstein and Eldridge Industries, manages over $17 billion in AUM, with key investments in lifestyle and entertainment, including Aman, The St. James, Delano, Maslow’s Group, Prezzo, and Swingers. Goldstein also serves on the board of Chelsea FC. The transaction marks Cain’s first direct investment in a professional sports club. Jonathan Goldstein, CEO of Cain Internat
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom