Search
Get in Touch
Payments News

On The Web

nbsp;

Companies

China NFT Weekly: WeChat Bans NFT Accounts

June 27 2022

“WeChat, China’s most popular social media platform with over 1.2 billion monthly active users, has updated its policies to ban accounts providing access to crypto or NFT-related services. The new guidelines will restrict or ban the issuance, trade, and financing of crypto and NFTs as these activities are now viewed as illegal.”
nbsp;

Companies

Tencent’s WeChat Wants No More Talk of Cryptocurrency and NFTs

June 23 2022

“China’s ban on cryptocurrency mining – and general dislike of any form of blockchain-based assets – has seen web giant Tencent clamp down on discussion of the subjects on its massive WeChat and Weixin messaging platforms. News of Tencent’s policy can be found in recent amendments to its terms of service which last week added a section […]
nbsp;

Companies

WeChat Advances E-commerce Goals With $250B in Transactions

January 20 2021

“WeChat continues to advance its shopping ambitions as the social networking app turns 10 years old. The Chinese messenger facilitated 1.6 trillion yuan (close to $250 billion) in annual transactions through its “mini programs,” third-party services that run on the super app that allow users to buy clothes, order food, hail taxis and more.”
nbsp; nbsp;

Companies

China’s WeChat joins retail and mobile payments with social media

November 7 2018

“From the consumer’s point of view, the greatest benefit of the do-everything platform is they don’t have to juggle dozens of apps. WeChat puts everything from social media and transportation to retail and banking in one platform, enabling consumers to message friends, play games, book a medical appointment, access bank accounts and make purchases without […]
nbsp; nbsp; nbsp;

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 […]

On The Wires

nbsp;

Companies

7-Eleven Becomes First Convenience Retailer Chain in Canada to Accept Alipay and WeChat Pay

November 20 2018

“Today, 7-Eleven Inc. announced that participating stores in Canada will now accept Chinese mobile payment systems Alipay and WeChat Pay. The world’s largest convenience retailer is collaborating with cross-border mobile payment company and market leader CITCON. Alipay and WeChat Pay will now be available at 35 select locations in Vancouver and Toronto, with plans for expansion in next few months.”
nbsp;

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.”