Connects a potential market of 2 billion e-wallet users from 50 e-wallets and banks, plus over 10 national QR schemes
Helps local businesses capture inbound tourism growth through partnership with PVS
Alipay+, a leading global payment gateway under Ant International that connects 150 million global merchants and 2 billion consumer accounts, is rolling out cross-border mobile payment services for global travellers in Latin America in collaboration with PVS, a fintech company specialized in developing customized payment solutions in the region.
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This partnership enables users of Alipay+’s partner payment apps, including 50 e-wallets and banking apps, and over 10 national QR schemes, to make seamless QR payments at PVS merchants. The collaboration aims to support global travellers, especially those from Asia who are increasingly exploring multiple destinations and planning longer stays in the region, with convenience, transparency, security and zero currency exchange pains. Coverage begins with Chile and Argentina and will expand to other markets.
Through one single integration, businesses large and small can receive payments in local currency with minimal friction from leading wallets and banking apps in Asia and Europe. Merchants will also be able to leverage cross-border digital user engagement and marketing opportunities, as Alipay+ rolls out more AI-powered travel solutions for its ecosystem.
“At PVS, we are proud to partner with Alipay+ to offer Asian and European travellers visiting Latin America a payment experience that is familiar, secure and transparent, through the wallets they already know and trust,” said Lucio Colunga, CEO, PVS. “This partnership also reinforces our commitment to connecting local businesses with international consumers, helping merchants capture new growth opportunities across the region.”
“This landmark partnership builds on Ant International’s technology capabilities, risk solutions and marketing tools with PVS’s deep local expertise, fast-growing networks and regulatory know-how,” said Weixiao Jiang, General Manager for North Asia and the Americas, Alipay+, Ant International. “We are deeply committed to expanding public and private partnerships to contribute to the regional digitalization and AI agendas.”
With an average of over 20 million transactions daily, Ant International is a leading global digital payment, digitisation and financial technology provider. It supports financial institutions and merchants of all sizes across Asia, Europe, Middle East and the Americas with a comprehensive suite of solutions, ranging from payment and account services to digitisation, embedded finance, treasury management and other AI-powered financial innovations.
For example, Alipay+ NFC (near-field communication) enables cross-border transactions through its partnership with Mastercard. Starting with AlipayHK, GCash and Kakao Pay, users can now make NFC payments at over 150 million Mastercard-enabled merchants worldwide, including across Argentina, Brazil, Mexico and other Latin American markets.
In Latin America, Ant International is expanding partnerships with more global and local payment service providers, as well as fintech companies and digital platforms to provide cross-border payment and credit services for SMEs and individuals. This includes Ant International’s collaboration with R2, a leading embedded lending infrastructure company headquartered in Mexico, to expand SME financing across the region.
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