Tencent extends WeChat Pay to the US with focus on Chinese tourists

Chinese tourists are expected to spend more than US$255 billion overseas by 2025. Photo: AP

Chinese internet giant Tencent Holdings, which runs one of the country's most widely used mobile payment tools, has taken its cashless payment system to the home market of Apple Pay by serving Chinese outbound travellers in the United States.

Through a partnership with Silicon Valley start-up Citcon, Hong Kong-listed Tencent now enables Chinese tourists to use smartphones to pay for their purchases at brick-and-mortar stores in the US through its WeChat Pay service.

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