WeChat Pay to keep overseas focus on outbound tourism instead of offering more local wallets

WeChat Pay says it will be difficult to develop local wallets for overseas customers

WeChat Pay will focus on serving Chinese outbound tourists better. Photo: SCMP

Tencent Holdings' WeChat Pay said it will not seek to offer more local payment wallets to overseas customers over the next three years and will remain focused on serving outbound Chinese tourists better in popular overseas destinations.

WeChat Pay, a payment service integrated into Tencent’s giant social media app WeChat, said it wanted to prioritise outbound Chinese tourists rather than overseas residents in foreign markets due to the huge popularity of the service at home. In addition to mainland China, WeChat Pay currently has local digital wallets in Hong Kong and Malaysia.

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