SANTIAGO DE QUERÉTARO, México--(BUSINESS WIRE)--Openpay, a payment service provider from Mexico, announced today that it has enabled bitcoin payments for TAR Airlines, a regional Airline from Mexico. TAR Airlines is the first merchant to accept bitcoin payments through Openpay’s platform and the first airline from Latin America to accept bitcoin. Openpay has integrated with BitPay, the world’s largest bitcoin payment processor, to enable customers to accept bitcoin payments.
TAR Airlines took this initiative because they wanted to create value for their clients and stimulate the economic and tourist activity of Mexico. Bitcoin is a universal currency, so the payment method could be appealing for international travelers who want to avoid currency exchanges. Accepting bitcoin will help the airline accept international payments with no friction, as all bitcoin transactions, mitigate fraud risk, reduce chargebacks, and reach new customers.
“It's a real honor for TAR to have a team of developers at Openpay who are up to the technological advances of this globalized world. This business partnership has enabled TAR to become the first airline in Latin America to accept Bitcoin and put us in the forefront of both technology and security. Therefore, it is an honor to celebrate this great technological advance with Openpay. We will continue to evaluate new payment options that give a real added value to our customers,” said José Calzadías, Commercial Manager & P.R. of TAR.
“Openpay has a simple mission: ‘Power e-commerce and m-commerce in Mexico and LATAM’. Bitcoin will be a powerful force to bring a much larger number of people around the world into this modern economic system. Bitcoin, as a global payment system, can be a powerful catalyst to extend the benefits of the e-commerce an m-commerce economic system to virtually everyone on the planet, giving access to even people without conventional bank accounts,” said Eric Nuñez, Co-Founder and COO of Openpay.
“We are very excited to start working with Openpay to allow Mexican and Latin American companies to accept bitcoin payments. This partnership will help expand bitcoin adoption in the region and shows our confidence and commitment to this market. Alongside TAR Airlines, all of Openpay’s merchants can easily accept bitcoin on their platform. Through the integration, each merchant’s bitcoin sales will be included in their reporting and settlement from Openpay,” said Pablo Magro, Business Development Manager at BitPay.
Openpay is a payment platform that allows fast and simple ways to accept payments on your website or app. Our service supports different business models such as marketplaces, online stores, payments for subscriptions, mobile applications, third-party deposits, crowd funding and others.
BitPay is the global leader in bitcoin payment processing with offices throughout North America, Europe, and South America. The company has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.