Payments News


Chinese Tech Giant Tencent Plans To Expand Its US Payments Footprint — Despite Ongoing Trade War

“Tencent has focused on expanding the payments service abroad, but it has stopped short of trying to create a local version of WeChat for other countries. Instead, the company has been focused on signing up merchants in many countries to accept WeChat Pay so Chinese tourists can use the payments platform abroad. And Tencent is gearing up to announce that many more stores in the U.S. will accept WeChat Pay later this year.”