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

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

Released in August 2013, WeChat Pay has expanded to 20 countries around the world, and among those countries, expansion to its neighboring countries, Japan and South Korea, was rather successful, according to Grace Yin, Director of WeChat Pay Cross-border Operation at Tencent at the press conference held at annual WeChat Open Class PRO in Guangzhou, China on …

Alipay and WeChat Pay could be affected by PBOC’s QR code standards · TechNode

China’s central bank, the People’s Bank of China, has announced plans to regulate the country’s QR code payment system to tackle risks and its limited competition. The bank issued a trial notice on the issuance of barcode payment services and two accompanying sets of provisional guidelines for code security and payment terminal specifications. All three …