Alipay, a Chinese payments platform operated by Ant Financial Services Group, has collaborated with Mexican online payments startup Openpay to expand reach to the North American country.
Openpay has over 17,500 associated points of sale in Mexico, which are connected through its Paynet network. The firm has a diverse client base including multi-national e-commerce merchants, airlines, ride-sharing firms, and ticketing platforms.
The partnership will enable more than 600 million Chinese customers to use their Alipay wallets at Openpay-affiliated merchants.
Alipay Americas president Souheil Badran said: “Our partnership with Openpay not only connects Mexican merchants with Chinese consumers seeking their products and services, but also opens new revenue channels for merchants in Mexico.”
The latest collaboration is in response to the increasing demand for Mexican products by Chinese users.
Openpay COO Eric Nunez added: “Chinese shoppers represent an important and growing audience for our Mexico-based merchants. By enabling our merchants to offer Alipay, we are ensuring that Chinese shoppers visiting their websites can use a frictionless, familiar payment method.”