Ant Digital Technologies

On December 18th, Ant Digital Technologies and NCS, a leading technology services company from Singapore, signed a Memorandum of Understanding (MoU) to conduct in-depth collaboration in product research and development, market expansion, and ecosystem building,aiming to serve the growing digital transformation demands of emerging markets in Southeast Asia and globally.

The partnership will further strengthen localized R&D and delivery capabilities, better supporting digital transformation for global enterprises. Through this close collaboration, Ant Digital Technologies' application scenarios and solutions based on cloud-native, mobile development, and artificial intelligence technologies will become more comprehensive.

NCS, a subsidiary of Singtel Group, is a leading technology services firm with presence in Asia Pacific and partners with governments and enterprises to advance communities through technology. Combining the experience and expertise of its 13,000-strong team across 57 specialisations, NCS provides differentiated and end-to-end technology services to clients with its NEXT capabilities in digital, data, cloud and platforms, as well as core offerings in application, infrastructure, engineering and cybersecurity.

Shan Li, President of NCS China, said, "We look forward to working with Ant Digital Technologies to boost its leadership in the Southeast Asian digital technology space. We also anticipate honing our expertise in Ant's cutting-edge technologies. As governments and businesses across Southeast Asia advance in their adoption of digital payment systems and unlock the region's vast digital economy potential, NCS looks forward to working with Ant to bring lasting value and impact to our customers."

Lily Peng, General Manager of International Business at Ant Digital Technologies, stated, "We are thrilled to partner with NCS. As our technology, products, and business go global, we will fully utilize our technological and product advantages to collaborate closely with partners and deliver more convenient and efficient digital transformation services to global clients."

The MoU signing ceremony took place in Hangzhou, China, with the participation of Wenbiao Zhao, CEO of Ant Digital Technologies; Lily Peng, General Manager of International Business at Ant Digital Technologies; Howie Lau, Managing Partner of Corporate Development and Partnerships at NCS; and Shan Li, NCS China President.

About Ant Digital Technologies

Ant Digital Technologies is Ant Group's digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023.

About NCS

NCS, a subsidiary of Singtel Group, is a leading technology services firm with presence in Asia Pacific and partners with governments and enterprises to advance communities through technology. Combining the experience and expertise of its 13,000-strong team across 57 specialisations, NCS provides differentiated and end-to-end technology services to clients with its NEXT capabilities in digital, data, cloud and platforms, as well as core offerings in application, infrastructure, engineering and cybersecurity. NCS also believes in building a strong partner ecosystem with leading technology players, research institutions and start-ups to support open innovation and co-creation. For more information, visit ncs.co.