Riyadh - Sharikat Mubasher: Ant International, a leading global player in the fintech industry, opened a new office in Saudi Arabia, following its successful technical certification as a Payment Technical Service Provider (PTSP) from Saudi Central Bank (SAMA).

The Riyadh office will enable Ant International to work closely with local partners in the payment ecosystem to provide innovative payment solutions and inclusive financial services to local acquirers and merchants in the Kingdom, especially small and medium-sized enterprises (SMEs), the company announced in a press release yesterday.

This move positions the Kingdom as a hub for international businesses looking to initiate operations in Saudi Arabia, further enhancing its role as a key player in the global business landscape.

Leiming Chen, Senior Vice President and Chief Sustainability Officer of Ant International, said: “The opening of our Riyadh office represents a significant milestone for Ant International in the Middle East, and strong commitment from Ant International to contribute to the economic growth of the Kingdom of Saudi Arabia.”

Antom, a unified digital payment solution for merchants and one of Ant International’s business pillars, will start operating in the local market later this year, enabling e-commerce acquirers and local merchants to achieve new growth.