Alipay forms third partnership this month with companies in the Americas

Alipay has formed its third strategic partnership this month, completing a deal with Openpay (Mexico).

This is the latest footprint expansion by the China-based company in to the Americas, having recently closed partnerships with companies in Canada and the US.

Through the partnership, Alipay 600 million Chinese users will be able to use the services at businesses in Mexico that utilise Openpay online payment solution.

Openpay is a payments gateway for regional merchants in Mexico and helps large organisations and small businesses with accepting digital transactions. With a network of over 17,500 associated points of sale across Mexico, it helps e-commerce merchants, airlines, ticketing platform, and others to accept card payments and bank transfers from around the world.

Ant Financial operated Alipay is an online and mobile payments provider for Chinese consumers.

Alipay Americas president Souheil Badran said, ?An increasing number of Chinese consumers are shopping for products in Mexico that they cant find at home, and they want to be able to purchase those items with the payment method they use most often. 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.p>

Earlier in the week, Alipay closed a partnership with US-based FreedomPay in order to support Chinese tourists using the AliPay app for purchases in the country. Last month, the company signed a deal with Canadian Motion Pay, with the same goal of aiding its tourists using the app.

Copyright ? 2018 FinTech Global

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