Alipay expands its reach in Mexico with Openpay
Alipay already has inroads in Mexico, where its mobile wallet is accepted at some retailers popular with Chinese tourists. Through a partnership with Openpay, it’s expanding Mexican merchants’ access to these transactions in person and online.
Mexican payments provider Openpay, founded in 2013, already serves several international travel companies operating in Mexico, including airlines, ride-sharing and ticketing companies, and global e-commerce merchants who helped drive a 28% increase in Mexican exports to China last year, according to a Tuesday press release.
“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,” said Souheil Badran, president of Alipay Americas, in the release.
“We see Alipay as the superhighway connecting merchants in Mexico with this growing and increasingly affluent (Chinese) consumer group,” added Eric Nuñez, Openpay’s COO, in the release.