Ant International, a leader in digital payments and financial technology, has announced that it will establish a new Digital Business Center in Malaysia, with a focus on tapping local technology talent to drive its global businesses.
Ant International will create more than 500 new jobs in the first year, with more hiring over the next four years to 2028.
The majority of the roles created will be technology-focused, aligning with the company’s vision to use technology and innovation to accelerate global trade and inclusion. The largest team is the Technology and Development department, which includes a number of software development engineers, followed by the Product & Design team and the Data Science and Risk Control team. The company will commit dedicated resources to developing and nurturing these technology talents through comprehensive training, mentoring and exposure across its global businesses.
Ant International’s new Digital Business Center will be relocated to The Exchange 106, in the heart of the financial and business hub Tun Razak Exchange, by 2025, according to Douglas Feagin, Chairman of Ant International.
“We are excited to start the next chapter of our journey in Malaysia, having contributed to the local fintech industry for the past 10 years, and now looking to the future, a more global, more connected, more inclusive and with more exciting ways of doing business,” said Mr. Feagin. “Technology and innovation are at the heart of Ant International and with the Malaysian government promoting the development of technology skills and positioning Malaysia as an innovation hub, we believe that together with partners like MDEC, we can leverage local technology talent to we are significantly accelerating the impact our businesses can make, locally and around the world.”
With a presence in Malaysia since 2014, Ant International has since worked with local partners to foster a vibrant fintech community, benefiting Malaysians with more convenient digital payments, while also supporting digital inclusion and creating economic opportunities for local businesses.
For example, through its partnership with TNG Digital, Ant International has enabled Touch ‘n Go eWallet users to make payments around the world, in addition to the positive development in Malaysia’s mobile wallet ecosystem and digital economy.
During the 2024 Chinese New Year, Alipay+, the mobile cross-border payment, marketing and digitalization platform operated by Ant International, brought more customers to local merchants, helping them benefit from tourism growth. Transaction volume and spending by users of Alipay+ payment partner apps to DuitNow QR merchants increased 2.5 times during this period.
“Those who join our team will have a front row seat to global fintech innovation and partnerships and will play a role in our mission to shape the future of fintech and commerce, where every person and every business can thrive. With a focus on supporting the growth and development opportunities of our employees, we are not only strengthening our teams but also to contribute to the growth and progress of the fintech industry in Malaysia,” said Feagin.