Payments News » WeChat Pay

WeChat, Alipay offer overseas tax refund services to tourists, meaning no more airport queues

February 27 2018

“The tedious tax refund process at airports and the long wait to get rebates for purchases made on overseas trips may soon be a thing of the past for Chinese tourists. WeChat Pay and Alipay, China’s two biggest mobile payment platforms, have recently forged partnerships with tax refund companies to enable Chinese tourists to obtain rebates […]

Companies

Chinese Messaging Giant WeChat Shuts Down 3rd Party Blockchain App

May 11 2018

“WeChat is one of the world’s largest platform with more than 1 Billion active users worldwide. WeChat has support for ‘Mini-Programs’ where developers can create applications to run within the messaging platform. The company just suspended Xiao Xieyi, the first blockchain mini-program on the platform.”

Companies

The Chinese Tourists Will Be WeChat Pay’s Focus For Next Three Years

July 12 2018

“In an unsurprising move, Grace Yin, Director of WeChat Pay’s International Operations, confirmed in an interview that Tencent’s WeChat Pay would continue to focus almost exclusively on Chinese outbound tourists for the next three years. A move abroad would seem to be the logical next step for both Alipay and WeChat Pay, as both platforms have become wildly […]

Companies

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

July 19 2018

“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 […]

Companies

China’s Mobile Payment Platforms Are Transforming Online Marketing

July 24 2018

“In some cases, marketing with the help of mobile payments is beginning to eat away classical online marketing strategies. Chinese businesses have tried many ways to attract users but we can’t neglect that the costs of online promotions have begun to climb, said Ma Zheng, CEO of CJI (创匠信息科技), a company specialized in building mobile […]

Companies

99 Ranch Market And CITCON Partner To Deliver Customer-centric Shopping Experience

June 29 2018

“CITCON, the leading cross-border mobile payment company, announced that 99 Ranch Market, the largest Asian supermarket chain in the United States has successfully deployed the CITCON mobile payment and marketing solution, which allows it to accept China’s most preferred payment options Alipay and WeChat Pay, and leverage their marketing channels to better service Chinese customers.”