Wirecard brings WeChat Pay to Europe

News Wireless Europe 10 JUL 2017
Wirecard brings WeChat Pay to Europe
Payment provider Wirecard will enable European retailers to accept WeChat Pay, the digital payment feature of China's top chat app WeChat.  The mobile payment product, WeChat Pay, has over 600 million active users, that equivalent to nearly 40 percent market share of Chinese mobile payment market.

With this collaboration, Wirecard aims to unlock the Chinese market to European retailers. As part of Tencent, a provider of Internet value-added services in China, WeChat and Weixin are part of Chinese people’s daily life, and the combined monthly active users is over 938 million.

In related news, US company Stripe entered into agreements with Chinese company Alibaba's e-payment platform Alipay and WeChat and officially launched in Hong-Kong.

Categories:

Mobile

Companies:

Tencent,  Alipay,  Alibaba,  Wirecard

Regions:

Europe

Countries:

China

Tags:

e-Payment, Cooperations & alliances, IT - applications

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