Alipay has partnered with Finablr, a payments and foreign exchange platform, to allow its customers access to remittance services in 270 countries.
The deal gives Alipay 1.2 billion users access to Finablr’s omni-channel network which spans digital and physical touchpoints around the world.
There are plans to extend the partnership to Alipay’s parent company Ant Financial’s and its ecosystem of services.
Furthermore, Alipay and Finablr are exploring potential collaboration within technology innovation including digital gifting.
Alipay head of the global remittances business Clara Shi said, “We are excited to partner with Finablr for global remittances, as we continue to explore new ways to apply our technology in order to benefit more people around the world.
“For example, using blockchain technology developed by Alipay, we have helped launch a blockchain remittance service between our e-wallet partners AlipayHK and GCash, providing round-the-clock, real-time transfers between Hong Kong and the Philippines.”
Earlier in the month, Alipay partnered with WeChat to enable foreign visitors to China to use their credit cards instead of using cash.
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