Signs for Ant Financial Services Group's Alipay, center top and center bottom, and Tencent's WeChat Pay, right at a store in Tokyo, Japan. File photo: Bloomberg
Tencent and state-owned UnionPay to merge QR code systems for mobile payments in China
- Tencent will share a common QR code system for mobile payments with China’s state-owned UnionPay, under a new partnership
- Currently, merchants have to offer different codes for each payment service
Follow your favourite topic and get notified
Signs for Ant Financial Services Group's Alipay, center top and center bottom, and Tencent's WeChat Pay, right at a store in Tokyo, Japan. File photo: Bloomberg
