StraitsX partners with Ant Group and Grab to enable cross-border payments using technologies like the Avalanche network

Odaily Planet Daily News: Southeast Asia's digital asset payment infrastructure StraitsX today announced an innovative partnership with Ant International (Ant Group) and Grab. This collaboration allows tourists to have a more convenient and efficient cross-border payment experience in Singapore using Alipay+ allied payment applications through 'Directed Funding' (PBM). This partnership utilizes blockchain technology, including the Avalanche network, to support PBM-driven backend payment processes, providing tourists with a seamless payment experience. Through this collaboration, international users from Alipay+ can make quick payments at GrabPay merchants in Singapore, and the use of PBM is expected to maintain consistent payment processing costs for GrabPay merchants with international payment applications within the Alipay+ ecosystem.