Wechat pay | Pixr8 News

Internet giant Tencent has got into an association with China’s largest payment provider China UnionPay and its subsidiary UnionPay International for the purpose of offering cross-border mobile payment services for Hong Kong residents. This will also allow the users to use the Hong Kong version of WeChat Pay on the mainland. The major objective behind this step is to further promote integration between Hong Kong and the Chinese mainland. This is being done to make life and work easier for Hong Kong people in the Guangdong-Hong Kong-Macao Greater Bay Area. The users of WeChat Pay HK will be able to enjoy a range of cross-border mobile payment services on the mainland such as visiting restaurants, booking train tickets and hailing cars from October. "The cross-border mobile payment wi...

[dropcap]C[/dropcap]hina’s biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters. Tencent has made a “breakthrough” in gaining an e-payment license in Malaysia for local transactions, and plans a launch early next year, senior vice president S.Y. Lau said in an interview. The move pits Shenzhen-based Tencent against rival Alibaba Group as they scramble for new growth opportunities outside China. Tencent on Tuesday became the first Asian firm to enter the club of companies with a market value of more than $500 billion, surpassing that of Facebook. “Malaysia is actually quite large in the sense that we have ...

Tag: Wechat pay

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