DBS Bank has entered into a partnership with payments platform Stripe to jointly develop artificial intelligence and cross-border payment solutions in Asia, according to Techub News, citing Tech in Asia. The tie-up centers on payment efficiency and regional expansion, with both companies working on services aimed at the Asian market. DBS CEO said the bank expects AI technology to generate more than $768 million in additional revenue by 2025. Beyond product development, DBS will also help Stripe manage liquidity and cash positions across its corporate entities. The arrangement adds an operational banking layer to the partnership while linking it to Stripe’s broader payments business in the region.
DBS Bank has partnered with payments platform Stripe to jointly develop artificial intelligence and cross-border payment solutions in Asia, according to Techub News, citing Tech in Asia.
DBS CEO said the bank expects AI technology to contribute more than $768 million in revenue growth by 2025.
DBS will also help Stripe manage liquidity and cash positions across its corporate entities. The partnership is intended to use AI to improve payment efficiency and expand in the Asian market.
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