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WeChat Pay

WeChat Pay
WeChat Pay, a prominent mobile payment and digital wallet service, operates within the technology and financial services sectors. Headquartered in Shenzhen, China, it is a core component of Tencent’s WeChat "super app" ecosystem. WeChat Pay offers diverse services, including QR code, in-app, and peer-to-peer payments, primarily targeting Chinese consumers globally and businesses seeking to engage them. With over 1.3 billion active users, it holds a significant market position in China’s mobile payment landscape, often alongside Alipay. Its global expansion spans over 60 countries, facilitating cross-border transactions and aiming to provide a comprehensive digital lifestyle.
Artificial intelligence

Alipay and Rokid open up AI payment function on smart glasses to developers

The function has been made available to participants in the Rokid Spatial Joy 25 Global AR and AI Developer Competition.

Exclusive | Mainland bank apps beat those in Hong Kong and Singapore, study says

Apple eyes Douyin Pay for China App Store while speculation swirls on new iPhone

The potential addition of Douyin Pay to Apple’s China App Store reflects the continued growth of mobile payment services in the country.

Opinion | Hong Kong can lead charge for yuan alternative to US stablecoin

As legislation and dollar stablecoin dominance give US a new lever of financial statecraft, with its new law, Hong Kong can develop a credible alternative.

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