WeChat Pay will now support cards issued outside of China

BI Intelligence See Also THE POINT-OF-SALE APP MARKETPLACES REPORT: How payments firms are upgrading their service offerings to meet evolving merchant demands THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem THE VOICE PAYMENTS REPORT: The next major interface for payments This story was delivered to BI Intelligence “Payments …

China moves further towards cashless society as payment giants Alipay, WeChat Pay gain ground

Alipay and WeChat Pay have further consolidated their popularity, ranking as the top two preferred payment options among China’s high net worth individuals, according to a survey released on Wednesday. Alipay, the mobile payment arm off Ant Financial, an affiliate of Alibaba Group Holding, remained as the No 1 preferred payment system among China’s super …

WeChat Pay now allows users to bind overseas credit cards · TechNode

expanded to 25 countries around the world, serving the large amount of Chinese tourists traveling abroad. “WeChat is initially a social app,” Grace Yin, Director of WeChat Pay Cross-border Operation at Tencent, told TechNode last week in Guangzhou. “If don’t have experience using WeChat, then we cannot ask them to establish WeChat payment,” she said. …

China’s WeChat Pay Comes To Italian Merchants

Chinese messaging company WeChat recently announced it has launched WeChat Pay, its digital payment service, in Italy. According to a Monday (Jan. 22) report in, WeChat inked a deal with Digital Retex, which helps retailers integrate with WeChat services, and Docomo Digital, the European unit of digital payment company NTT Docomo, to enable Chinese tourists to make …

Shanghai Metro enables mobile payments as Alipay and WeChat Pay go into battle over public transportation · TechNode

joint venture with UnionPay and Alipay (in Chinese). During the past year, a number of cities have made deals with these two payment services. Alipay’s service which relies on scanning QR codes is already available for public transportation systems in Hangzhou and Xi’an. The service will be available in Shanghai from January 20th this year. But …

#Asia #China WeChat Pay’s global expansion “going well”: Q&A with Grace Yin, Director of WeChat Pay Cross-border Operation

// While Tencent’s WeChat has over 980 million monthly active users—mostly Chinese-speaking— around the world, the Chinese messaging app still stranger to many other countries outside of Middle Kingdom. Tencent now surpasses Facebook in valuation. According to Chinaccelerator’s managing director William Bao … Continue reading → Read More