StraitsX, the Southeast Asian digital asset payment infrastructure, today announced an innovative collaboration with Ant International and Grab to enable a more convenient and efficient cross-border payment experience for tourists using Alipay+ partner payment apps in Singapore through “targeted money” (PBM).
The collaboration leverages blockchain technology, including the Avalanche network, to support PBM-driven backend payment processes, providing a seamless payment experience for tourists.
Through this collaboration, international users from Alipay+ can quickly pay at GrabPay merchants in Singapore, and the use of PBM is also expected to provide GrabPay merchants with consistent payment processing costs with international payment apps within the Alipay+ ecosystem.