FoodyMart’s Alipay Experience store outside Vancouver, Canada. FinTech SnapPay, works with payment giant Alipay, to offer North American merchants, access to millions of Chinese travelling consumers. (Photo: Business Wire)
TORONTO–(BUSINESS WIRE)–SnapPay, Inc., a leading provider of secure, cross-border payment solutions, and Alipay, the world’s leading digital payment platform, operated by Ant Financial Services Group, today announced a collaboration that will see Canadian-Chinese Grocery Chain, FoodyMart, accept Alipay’s digital payment platform, enabling consumers to pay in Chinese currency, at all locations, including their newly re-designed, “Alipay Experience“ store in Richmond, BC that provides Chinese consumers with a dedicated check-out experience. The grocery store brand originates from the Greater Toronto Area and most recently expanded to the Vancouver area, adding to their original 7 Ontario locations.
SnapPay is a payment gateway that allows North American merchants to accept digital payments from Chinese consumers using popular Chinese payment applications. By offering Alipay acceptance, the global leading payment platform, and preferred application of millions of Chinese visitors and immigrants to North America each year, Alipay and SnapPay provide the system that opens the door to a lucrative, new customer segment.
“Our platform provides Canadian and U.S. Retailers with an extensive new revenue channel,” said SnapPay Chief Growth Officer, Chris Renton. “North American retailers gain access to billions of untapped potential revenue by simply offering their customers the option to pay with the mobile apps and currency that they’re familiar with.”