Alipay Expands Global Footprint into Mexico through Partnership with Openpay

March 20, 2018         By: Payment Week

March 20, 2018 – Alipay, the world’s leading digital payments platform, operated by Ant Financial Services Group, today announced that it is further expanding its footprint in the Americas through a partnership with Openpay in Mexico. Now, Alipay’s more than 600 million active users in China will be able to use Alipay to make purchases from Openpay’s affiliated businesses in Mexico. Alipay is China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers.

“An increasing number of Chinese consumers are shopping for products in Mexico that they can’t find at home, and they want to be able to purchase those items with the payment method they use most often,” said Souheil Badran, President, Alipay Americas. “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. We are thrilled to be partnering with Openpay as we continue to expand the reach of Alipay throughout the Americas.”

Openpay’s comprehensive payments platform enables regional merchants in Mexico, large players through to SMEs, to quickly and seamlessly accept online payments. Openpay has a network of more than 17,500 associated points of sale in Mexico, connected in real-time through its Paynet network, which allows cash payments to be made online. Openpay’s clients in Mexico include multi-national e-commerce merchants and well-known travel industry leaders such as airlines, ride-sharing companies, and ticketing platforms. Alipay’s partnership with Openpay will help Mexican merchants meet the growing Chinese demand for Mexican products. According to the Inter-American Development Bank, Mexican exports to China increased 28 percent in 2017.

“Chinese shoppers represent an important and growing audience for our Mexico-based merchants,” said Eric Nuñez COO Openpay. “By enabling our merchants to offer Alipay, we are ensuring that Chinese shoppers visiting their websites can use a frictionless, familiar payment method. We see Alipay as the superhighway connecting merchants in Mexico with this growing and increasingly affluent consumer group.”

About Alipay

Operated by Ant Financial Services Group, Alipay is the world’s leading mobile and online payment platform. Launched in 2004, Alipay currently has over 600 million active Chinese users and over 200 financial institution partners in China. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Over 40 million brick-and-mortar merchants now accept Alipay across China. Alipay’s in-store payment service covers 40 countries and regions across the world, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies. Follow us on Twitter @antfinancial and @alipay.

About Openpay

Openpay securely processes a large variety of internet and cash payments for merchants with one simple integration. Launched in 2013, Openpay has helped fuel eCommerce growth in  Mexico by further enabling online payments. As a part of BBVA group, Openpay has become the most important online payments platform in Mexico. Openpay serves customers from a number of industries including travel, digital goods, retail, and gig economy.