AsianFin -- China’s online clothing retailer giant Shein is launching its first branded credit card worldwide through a partnership with Mexican fintech Stori, the two firms said on Tuesday.

They claimed that synergies that should help them expand in Latin America's second-largest economy.

The move also aims to attract more Mexicans to the credit market, where they lag in access, as well as draw shoppers to the inexpensive fashion retailer's website.