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Core Insights - Ant International has signed a strategic cooperation agreement with Abdul Latif Jameel Finance to explore the application of fintech in the Saudi market, focusing on empowering local SMEs' digital upgrades [1][3] Group 1: Strategic Collaboration - The partnership will implement multiple innovative initiatives in phases, starting with the integration of WorldFirst's cross-border trade payment and account services into the Saudi market [3] - Ant International's Alipay+ will support Abdul Latif Jameel Finance's extensive merchant network to enhance local and international market expansion and improve consumer cross-border payment experiences [3] - The collaboration aims to explore embedded finance services, leveraging Ant International's AI risk control and unified account and payment technologies to create a more efficient and inclusive digital financial ecosystem [3] Group 2: Vision and Goals - Abdul Latif Jameel Finance's CEO emphasized that this collaboration is a key step in promoting innovative and inclusive financial solutions in Saudi Arabia, supporting the country's Vision 2030 goals [3] - Ant International's senior vice president highlighted that strategic collaboration with regional leaders is crucial for deepening its presence in the Middle East and serving the global digital economy [3] - The partnership signifies a substantial step in localizing Ant International's ecosystem in the Saudi market, with plans for further integration with the Saudi national payment system MADA by 2026 [3]