Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found themselves blacklisted due to missing payments on things like mortgages and business loans, the Financial Times reported Sunday (Dec. 3),...
Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July 21) that overseas users of the platform can now link Visa, MasterCard, Diners Club and Discover cards to their mobile...
Flywire and Tencent Financial Technology have teamed up to provide a convenient way for Chinese students to make international tuition payments. This partnership will use the digital wallet Weixin Pay (WeChat Pay) to provide a seamless and smooth method for Chinese students and families to pay for education abroad, the...
Chinese citizens have spent more than $14 billion worth of digital yuan, the People’s Bank of China said last week. That represented 360 million transactions made at some 5.6 million merchants in 15 provinces who now support the central bank digital currency (CBDC), formally called...
November 26, 2019
There are, as of last count, approximately 170 mobile wallets of various descriptions worldwide. Some are massive and deep-pocketed and have active user counts in the billions, while others are incredibly small, local and regional, and familiar to almost no one outside a narrow pocket of users in a far-off corner of the world. The […]
November 22, 2019
The headlines focus on trade wars, on tariffs, on shifting supply chains and on slowing GDP growth. And yet the Chinese consumer keeps spending — on travel, on luxury goods...
October 23, 2019
In today’s payments news, Zelle’s third-quarter results show that transaction volume increased by 73 percent. Also, Tencent’s WeChat Pay is launching a new payment function that allows people to transfer funds using a mobile...
September 24, 2018
Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation in payments and commerce. Still, even in this...
April 12, 2024
Tencent has made it easier for visitors to mainland China to register for a WeChat account and to link international cards to Weixin Pay. In addition, Weixin Pay is exploring interoperability with more overseas eWallets, Tencent said in a Friday (April 12) press release. Overseas users can register for a WeChat account with an overseas mobile number, fill […]
December 03, 2023
Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found themselves blacklisted due to missing...
July 21, 2023
Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July 21) that overseas users of...
July 13, 2023
Flywire and Tencent Financial Technology have teamed up to provide a convenient way for Chinese students to make international tuition payments. This partnership will use the digital wallet Weixin Pay (WeChat Pay) to provide a...
