Ant International, a global payment, digitisation and fintech solutions provider for merchants and financial institutions, announced that it has completed an upgrade for Alipay+, Ant International’s global wallet gateway solution, with all critical operations now PETs-enabled.

PETs comprise digital tools and techniques that enable businesses to process and analyse data while ensuring that commercially sensitive information remains protected. With the application of PETs, all data processed by Alipay+ is encrypted before processing, and remains unidentifiable by Ant International throughout the entire payment process.

For Alipay+ partners, this supports:

• Proactive compliance with data privacy regulations, maintaining continuity of cross-border transaction services amid evolving data sovereignty concerns.
• Increased assurance of data privacy for end-users, without degradation to user experience or current operating requirements.
• Reduction of risk from transmission of sensitive information, as only encrypted data is transferred to Alipay+ for processing.

“Trust in our systems is integral to our ability to deliver secure and efficient digital services to users globally,” said Jiang-Ming Yang, Chief Innovation Officer of Ant International. “This upgrade enables us to safeguard and strengthen that trust, by giving partners and customers assurance that their data remains private throughout the payment lifecycle – even to us.”

To extend the benefits of the technology along the payments chain, Alipay+ e-wallet partners are invited to work with Ant International to onboard PETs into their operations. The PETs codebase will also be open sourced in phases, to ensure that partners have full visibility and control in these deployments.