In a major step toward global growth and operational efficiency, Aleta Planet has entered into a strategic partnership with Shanxi Jinnan Steel Group, a leading Chinese steel manufacturer known for its low-carbon steel production. The partnership primarily focuses on optimizing Jinnan's cross-border payment processes and expanding its export of green steel products to international markets, especially in regions like the Middle East and Africa. This collaboration marks a significant milestone in both companies' ambitions to enhance global trade and streamline financial transactions within the steel industry.
Shanxi Jinnan Steel Group has been actively working to broaden its global footprint, particularly in markets where there is a rising demand for sustainable and low-carbon steel products. As part of its international expansion strategy, the company has targeted regions such as the Middle East and Africa, which are seeing increased infrastructure development and industrial growth. Jinnan anticipates that, by the end of the upcoming year, its international payment volume will exceed $1 billion, marking a key achievement in its strategy to diversify its business and cater to the growing demand for environmentally friendly steel.
To support this ambitious expansion, Jinnan has turned to Aleta Planet, a global leader in B2B payment solutions. Aleta Planet specializes in providing seamless, secure, and efficient payment systems that enable businesses to manage cross-border transactions with ease. With its advanced platform, Aleta Planet will help Jinnan streamline its financial processes, reducing transaction times and costs while ensuring that payments are completed smoothly across borders. This partnership is expected to significantly enhance Jinnan's operational efficiency and contribute to its global growth by making international transactions faster and more reliable.
The collaboration between Aleta Planet and Shanxi Jinnan Steel Group will also leverage the extensive networks of National Pulse, a Dubai-based conglomerate that invested in Aleta Planet in 2024. National Pulse has positioned itself as a key player in the UAE's digital and financial services expansion, aiming to boost the region's economic transformation through innovation and strategic partnerships. As part of the alliance, National Pulse will assist Jinnan in penetrating the UAE and broader Middle Eastern markets during the first phase of its international expansion. This support will help Jinnan establish a stronger presence in these regions, where demand for low-carbon and high-quality steel is growing rapidly.
The Middle East, in particular, is becoming a vital hub for construction, infrastructure, and energy projects, making it an attractive market for Jinnan's green steel products. With Aleta Planet’s B2B payment solutions and National Pulse’s networks in the region, Jinnan is well-positioned to tap into this market and expand its customer base. The partnership will ensure that Jinnan's international clients, whether they are distributors, contractors, or manufacturers, will benefit from faster and more cost-effective transactions, further strengthening the company’s competitive edge in the global steel market.
Aleta Planet's role in facilitating smooth cross-border payments is crucial for Jinnan as it seeks to expand its market share in the Middle East and Africa. The company’s platform is designed to handle complex, multi-currency transactions, providing businesses with the tools they need to manage international payments efficiently. This service is particularly important for Jinnan, as the steel industry often involves large-scale, high-value transactions that require fast processing times and secure payment methods. By partnering with Aleta Planet, Jinnan is set to benefit from improved cash flow management and a reduction in delays associated with traditional payment systems.
In addition to the financial benefits, this partnership also aligns with Shanxi Jinnan Steel Group’s commitment to sustainability and the green transition in the steel industry. Jinnan’s focus on producing low-carbon steel products has earned the company recognition in global markets where environmental regulations are becoming more stringent. The demand for green steel is expected to increase significantly in the coming years, driven by the global push for carbon reduction and sustainable manufacturing practices. With Aleta Planet’s support, Jinnan will be able to meet this demand more effectively by ensuring that its green steel products reach international customers quickly and efficiently.
As both companies continue to expand and innovate, this partnership exemplifies the growing trend of digital transformation in global trade. Aleta Planet’s cutting-edge payment technology and National Pulse’s regional expertise will help propel Shanxi Jinnan Steel Group’s growth in the international arena. Through this collaboration, Jinnan will not only streamline its operations but also enhance its position as a global leader in the production of low-carbon steel products, while contributing to the global shift toward more sustainable industrial practices.
