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
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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