Ant Group And Bank CenterCredit Forge Strategic Partnership For Digital Financial Solutions

HANGZHOU, China, March 18, 2024 – In a significant move towards enhancing digital financial services, Ant Group Digital Technologies and Bank CenterCredit (BCC) have unveiled their strategic partnership. This collaboration is set to pioneer digital solutions aimed at offering faster and more reliable services to customers. The announcement was made during a signing ceremony, marking the commencement of this promising alliance.

As an initial step in their joint venture, BCC will adopt mPaaS, a comprehensive mobile development solution from Ant Group's digital technologies, to launch Kazakhstan's first SuperApp. BCC stands as one of Kazakhstan's oldest and largest banking institutions, boasting over 3 million clients. The bank offers a wide array of financial services to both individuals and legal entities throughout the nation.

Ruslan Vladimirov, President of Bank CenterCredit JSC, expressed enthusiasm about the partnership. "Our cooperation with Ant Group Digital Technologies is a milestone for us. Their expertise in developing digital financial platforms is unparalleled. We are eager to see how this collaboration will fulfill our clients' needs and open new avenues for innovation," he stated.

Ant Group Digital Technologies is renowned for its innovative technology products and solutions, including mPaaS (mobile Platform-as-a-Service), ZOLOZ eKYC (electronic Know-Your-Customers), AntChain, ZAN, among others. Geoff Jiang, President of Ant Group's Digital Technology Business Group, shared his optimism about the collaboration. "Joining forces with BCC presents an exciting opportunity. Their profound market knowledge and dedication to innovation are key to our collaborative efforts in digital transformation," Jiang remarked.

The adoption of Ant Group Digital Technologies' products and solutions spans various industries. Notably, the company's international business operations witnessed a staggering 300% revenue increase in 2023.

Established on September 19, 1988, Bank CenterCredit is among the pioneering and leading banks in Kazakhstan, serving over 3 million clients. It provides comprehensive financial services to a broad clientele, including individuals and businesses. The bank's extensive correspondent network encompasses around 40 foreign banks, facilitating seamless global payments.

Ant Group Digital Technologies continues to lead in the development and application of digital technologies. With innovations like AntChain, Zoloz, SOFAStack, and mPaaS at its core, the company leverages blockchain, privacy computing, security technology, and distributed database expertise. Its mission extends to aiding small and medium-sized financial institutions in their digital journey, empowering SMEs in the service industry with digital tools, and fostering digital cooperation across various sectors.

This strategic partnership between Ant Group Digital Technologies and Bank CenterCredit signifies a pivotal step towards redefining digital financial services in Kazakhstan. By combining their strengths, both entities aim to enhance customer experiences through innovative digital solutions.