日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Technology

Pushing globe into easy pay mode

By HE WEI in Shanghai | China Daily | Updated: 2017-07-31 07:26
Share
Share - WeChat

A ceremony involving digital ribbon cutting marks the opening of the 100th retailer in Tokyo where WeChat Pay will be accepted for shopping payments. Tokyo is among the popular international destinations of outbound Chinese travelers. LU SHAOWEI/ FOR CHINA DAILY

WeChat Pay expands internationally to catch up with, and possibly overtake, market leader Alipay

WeChat Pay, the mobile payment tool developed by internet major Tencent Holdings Ltd, is accelerating overseas expansion as it narrows the gap with first-mover Alipay in China's red-hot digital payment arena.

In its latest endeavor, the company has applied for a license in Malaysia to offer local payment services via the app. If it is approved, the license would allow local users to link their local bank accounts to WeChat Pay and make payment in the local currency, the Malaysian ringgit.

The push into the Malaysian market highlights Tencent's ambition to capitalize on a growing number of internet-savvy users who are getting used to making payments by phone. Tencent wants to vie for a bigger slice of the overseas markets wherever the Chinese tourists and the diaspora have a growing presence.

The development comes just days after both WeChat Pay and Alipay struck a deal with US digital payment firm Stripe earlier this month, allowing merchants who use the latter to process transactions to accept Chinese payment tools on their websites and apps.

Tencent has taken the payment service to the United States two months earlier through a partnership with Silicon Valley-based mobile payment startup Citcon.

Under the agreement, WeChat users in China can extend their cashless transactions for shopping and taxis when they travel abroad.

WeChat is quickly gaining momentum as its 938 million active users-more than double that of Alipay's 450 million-form the backbone of China's mobile banking market, which clocked transactions worth 18.8 trillion yuan ($2.77 trillion) in the first quarter of this year, according to Beijing-based consultancy Analysys.

WeChat Pay's share grew exponentially from low double-digit level just two years ago to 40 percent by the first quarter, while that of Alipay shrunk to 54 percent, according to Analysys.

Still it is playing the "chase and catch up" game with Alipay, with the latter having a wider global network for now. At the current stage, WeChat Pay is primarily targeting Chinese outbound tourists, who are becoming affluent and accustomed to the convenient "scan and pay" payment experience at home.

"The short-term target is still Chinese tourists," said Grace Yin, director of WeChat Pay's global operations, on the sidelines of a technology conference in Hong Kong. "The priority is nearby countries most frequented by them, such as those in Southeast Asia."

Currently, such cross-border transactions are available in 13 countries and regions, covering over 130,000 shops and supporting payments in 10 currencies. To beef up such capability, the internet giant also led a $13 million funding round in Australian cross-border payment firm Airwallex.

Thailand is on the list of countries where WeChat Pay has received a warm welcome. Bangkok's duty-free outlet King Power has seen sales significantly jump as more Chinese tourists adopted WeChat for payment, effectively shortening the long queue at checkouts, said the store's marketing manager Kuang Wei.

"(WeChat Pay) literally extends the shopping experience from China to Thailand…shoppers don't have to worry about exchange rate or even the language barrier-simply scan and pay," he said.

The store also publishes promotional ads and discount coupons through its WeChat official account, a service now being picked up by most merchants doing business in China as a gateway to customers.

In Japan, three quarters of stores inside Tokyo's Haneda Airport now accept WeChat as a payment option, boosting monthly revenue "by a large margin", said Takeshi Fujin, deputy senior executive officer.

"Duty-free stores and even taxis in Tokyo, which is a popular destination for Chinese travelers, can now be found using WeChat Pay," said Hunter Williams, partner of global consultancy Oliver Wyman.

"This follows the expansion of UnionPay's acceptance abroad," he said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 91精品一区二区 | 国产成人精品久久亚洲高清不卡 | 播五月婷婷| 久久综合久久综合久久综合 | 99精品视频一区在线视频免费观看 | 久久久久亚洲 | 91精品国产色综合久久 | 久热国产精品视频 | 欧美黑人又粗又长 | 日韩中文欧美 | 久操免费在线视频 | 丰满少妇久久久久久久 | 高清国产一区二区三区 | 亚洲娇小性xxxx色 | 91伊人| 欧美日韩国产一区二区三区 | 国产在线观 | a在线视频观看 | 羞羞视频在线免费 | 一级毛片一 | 日本美女一区二区 | 日韩app | 26uuu天天夜夜综合 | 91尤物国产尤物福利 | 国产日韩精品入口 | 亚洲欧美在线视频免费 | 日本在线小视频 | 亚洲黄色在线 | 亚洲一区免费在线 | 一区二区免费 | 欧美黑人性暴力猛交免费看 | 狠狠操夜夜爱 | 成人毛片免费视频播放 | 日本不卡不码高清免费 | 亚洲永久 | 日本黄色视屏 | 在线成人 | 看了让人下面流水的视频 | 国产片侵犯亲女视频播放 | 综合精品一区 | 成人午夜性视频欧美成人 |