TerraPay has partnered with Alipay+ to enable cross-border QR payments for digital wallet users across Latin America, the Middle East, and Africa.
The strategic partnership links TerraPay’s wallet interoperability network, Xend, to Ant International’s unified wallet gateway, expanding TerraPay’s coverage from account-to-account transfers to global in-store merchant acceptance.
In the initial rollout phase, 15 digital wallets in Africa connected to the Xend network will gain acceptance across Alipay+’s merchant base of over 150 million businesses globally.
The integration allows travellers to make international in-store purchases using their domestic mobile wallet apps by scanning QR codes at participating checkout counters.
By connecting directly through a single API integration, wallet operators can offer international spending capabilities without requiring users to download new apps or carry foreign currency.
Alipay+ currently links more than 50 international payment partners to merchants across 220 destination markets, integrating with over 10 national payment rails.
“The home wallet on your phone, that is from Kenya or Colombia or any country, should work the same way in Singapore or China or anywhere in the world, as easily as it does at home,”
said Ambar Sur, Founder and Chief Executive Officer of TerraPay.
“By bringing TerraPay’s network of wallets to Alipay+, we are helping more people and businesses connect across borders, creating new pathways for growth, and unlocking new opportunities,”
said Edward Yue, General Manager of Alipay+ Global Power Center at Ant International.
Featured image credit: Edited by Fintech News UAE, based on image by shajeelahmed via Magnific
