Chinese tech giant Tencent is incubating a financial credit product named Fenfu, which functions similarly to a credit card, and is expected to become available through the company’s instant messaging app WeChat.
On September 11, according to WeChat Global, WeChat Pay and LINE Pay announced that they would further deepen their cooperation in the field of mobile payments and begin integrating WeChat Pay with LINE Pay's merchants in Japan.
PayPal has been negotiating incessantly with Chinese regulators for the past four years to obtain a payment license to enter the large market, as The Paper reported on August 10.
Mobile payments accounted for 82 percent of all payments on the Alipay platform in 2017, according to an Alipay report published on January 2. Many people in China are going wallet free and using digital payment for their transactions.
Today, China’s National Day golden week has become a global golden week. Data estimate that more than six million Chinese travel overseas during this year’s National Day holiday. With the steps of Chinese tourists, many foreign merchants have started to use China’s advanced mobile payment methods. If there is no Alipay or WeChat payment, the […]
Since August 29, Wechat Pay is available for users in Chinese mainland to purchase in the App Store or subscribe in Apple Music. Users can choose to bind and to use Wechat Pay in related account settings in the App Store or the Apple Music, and choose password-free payment. Users could also set in iTunes […]
It is reported that according to some analysts, China, the first country that used paper banknote in the history, now with the surge in mobile payments, may become the first country that stops using cash. While two years ago, it was Denmark that was predicted to be the cashless country. So, will China be “the […]
On July 13, Apple’s official Chinese website announced its summer promotion, which will see users get as much as 50% off purchases and 50 times points at participating vendors in its biggest campaign since entry to the country. Overall, 29 retailers are participating including Starbucks, Burger King, Wagas, Häagen-Dazs, Lawson and Gap, with some e-commerce […]