Alipay will expand its service to Mexico through a partnership with Openpay, a payment platform with more than 17,500 associated POS systems across the country. The relationship is designed to help Mexican retailers meet demand for their products in China.
An increasing number of Chinese shoppers are looking for Mexican goods they can’t find at home, according to Souheil Badran, President at Alipay Americas. Openpay’s clients include multinational e-Commerce retailers that will be able to reach new customers through Alipay’s more than 600 million active Chinese users. Mexican exports to China increased 28% in 2017, according to the Inter-American Development Bank.
“Chinese shoppers represent an important and growing audience for our Mexico-based merchants,” said Eric Nuñez, COO at Openpay in a statement. “By enabling our merchants to offer Alipay, we are ensuring that Chinese shoppers visiting their web sites 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.”
The Mexico expansion comes on the heels of Alipay extending its payments platform to an additional 35,000 North American merchants through an expanded partnership with First Data and a new alliance with Freedompay, an e-Commerce payment solution provider.