Ant International’s Strategic Expansion in TRX, Kuala Lumpur: A Beacon for Tech Innovation and Economic Growth
In a move set to significantly bolster the digital landscape in Malaysia, Ant International has announced its new Digital Business Centre in Kuala Lumpur’s Tun Razak Exchange (TRX). Scheduled for launch in 2025, this center will create more than 500 tech-focused job opportunities in its first year, with plans for further expansion until 2028.
Strategically located at Exchange 106 within the dynamic TRX area, Ant International’s new hub underscores a significant investment in Malaysia’s future as a digital economy powerhouse. This initiative will primarily offer roles in technology, reflecting the company’s commitment to leveraging innovation for enhancing global commerce and inclusion. The new centre will host a diverse array of talent, with the Technology and Development department expected to be the largest, complemented by the Product & Design and Data Science and Risk Control teams.
Driving Local Talent to Global Heights
The Malaysia Digital Economy Corporation (MDEC) has commended Ant International’s initiative, with CEO Ts. Mahadhir Aziz praising it as a crucial development for the local tech workforce, aiming to propel Malaysia as the digital hub of ASEAN. This project not only forecasts job creation but also augments investment opportunities, which are set to advance Malaysia’s global digital industry footprint.
Ant International has maintained a presence in Malaysia since 2014, collaborating with local partners to foster a robust fintech community. Douglas Feagin, President of Ant International, is optimistic about their new phase in Malaysia, highlighting a decade of contributing to local fintech and a future focused on more global, inclusive, and innovative business practices.
Cultivating Tech Leadership and Innovation
Through partnerships with entities like MDEC and the Fintech Association of Malaysia, Ant International has been pivotal in enhancing tech capabilities in Malaysia. Their 10×1000 program is a notable effort, designed to nurture tech talent and digital leaders globally, with over 120 fintech leaders already graduated, including a substantial representation of women.
Ant International offers its team members unprecedented access to the forefront of global fintech innovation, providing a platform to influence the future of commerce and digital financial services significantly.
Alipay+ at the Forefront of Cross-Border Payments
Alipay+, a cornerstone of Ant International, is a cross-border mobile payment platform connecting over 88 million merchants to 1.5 billion consumer accounts worldwide. This platform, integral to Ant International’s operations, is seamlessly integrated with Malaysia’s DuitNow QR, enhancing the payment experience in Malaysia and fostering easier transactions for international tourists during peak periods like the Chinese New Year.
The expansion of Alipay+ through strategic alliances, such as with Capital A and its subsidiaries, underscores Ant International’s dedication to creating inclusive economic impacts and advancing digital inclusion worldwide.
The Future of TRX and Malaysia’s Digital Economy
As Ant International sets its sights on its new Digital Business Centre in TRX, it is poised to make a significant impact on Malaysia’s economic landscape. This initiative will provide high-value employment opportunities, promote Malaysia as a key player in the global digital economy, and support the nation’s vision as a more inclusive and connected world leader in fintech and digital commerce.
