Ant International, the world’s leading digital payment, digitization and economic technology provider, Alipayhk, Hong Kong’s most used electronic word, and TNG Ewallet, Malaysia’s most preferred electronic word, have announced a collaboration today.
Cooperation will focus on three areas:
- Technological innovation: Work together for the development and development of security solutions, utilizing artificial intelligence, private life calculation and other advanced technologies.
- Knowledge Cooperation: Creation of knowledge distribution mechanisms, including conducting laboratories that focus on the evolving danger standards and trends and the exchange of optimal practices.
- Participation of interested parties: Starting joint awareness awareness campaigns for consumer training and traders on how to recognize, avoid and respond to various risks.
Given the high rate of adoption of Digital Payments in Asia, 42% of world fraud cases also come there. Digital wallets have become primary targets, with 15% of wallet accounts at stake in 2023. Among the different threats, account redemption scams increased by 28%, making this significant concern among Asia Minor digital wallet users.
In the initial phase of the partnership, Wallet partners are scheduled to adopt Alipay+ Easysafepay 360, a solution for protection of AI accounts for both offline and online wallet transactions, to combat account acquisitions. Electronic wallets can expect the international solution developed international ants to significantly reduce the frequency of acquisitions of account, enhancing users’ confidence in their service. Easysafepay has shown a 90% reduction of the risk redemption risk during test development.
Using real -time AI resolution of different types of payment information, Easysafepay creates dynamic danger models to identify and block the deliberate activities. Industry’s top privacy computer ensures safe, integrated analysis of multiple sources of information without at stake in the privacy of users.
Wallet users can access a money warranty offering system offered by EasySafepay, through which Ant International provides complete compensation in unauthorized transactions. For compensation applications for unauthorized transactions, an AI -powered approval system further normalizes user verification, enhancing efficiency by 90% and accuracy of more than 95%.
A single user gate offered by Easysafepay is available for wallet operators to integrate into their own platforms so that they can more effectively deal with users’ concerns with a range of customizable tools.
Easysafepay also protects electronic transactions, including e-commerce transactions and streaming and app-store subscriptions. Consumers enjoy one -click payments without the need to redirect in a separate window of implementation or browser for confirmation. Initial estimates have noted that this decrease in friction can improve convertible rates for traders by 10%, boosting their revenue.
Alan Ni, Managing Director of TNG Digital, commented:
“In TNG Digital, the confidence of 24 million and the growing verified users (Ekyc-Ed) and over 2 million traders are our biggest advantage and ensuring that trust is not only negotiable. Economy. “
“With the rise of electronic payments to Hong Kong, security innovation is vital to users’ confidence,” said Venetia Lee, chief executive of Alipayhk. “We safeguard our 4.5 million active users with AI 24/7 follow -up, customizable protections and regular advice on fighting fraud. Promoting multiple layers safety and cooperation with risk management partners, we are determined to make digital payments in Hong.”
“While AI reinforces our ability to manage the dangers, it also introduces new challenges that we need to face preventively. Through this partnership, Ant International is dedicated to close cooperation with our Co-Develop partners and share the advanced risk management capabilities.