![]() ![]() The app is linked to online money market fund Yu'e bao, encouraging users to invest and spend with Alipay. In professional settings, adding each other on WeChat sometimes replaced business card exchanges.Īlipay, which is owned by Alibaba affiliate Ant Financial Services, has 520 million users, according to its international website. The ubiquitous WeChat messaging app from Chinese technology giant Tencent reached 963 million monthly active users in the second quarter. The growth of mobile pay in China comes off a solid base of smartphone users. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Meanwhile, WeChat Pay HK will continue to expand its footprint to more international markets to bring a more efficient, smooth and safe payment experience.Best Debt Consolidation Loans for Bad Credit By leveraging Weixin Pay’s connection to more than 10 million merchants in the Mainland, WeChat Pay HK is committed to further expanding its breadth and depth of merchant coverage in Mainland China so that Hong Kongers can fully embrace the Greater Bay Area Quality Living Circle. WeChat Pay HK is the first choice for Hong Kongers to spend on the mainland, accounting for 69% in terms of transaction volume and 76% in terms of transactions.ĭaniel Hong, Vice President of Tencent Financial Technology, says, “As the first Hong Kong e-wallet to support Hong Kong users in the Mainland, WeChat Pay HK is optimistic about the resumption of cross-border travel between Hong Kong and the Mainland of China. Meanwhile, all transactions done in Mainland China via the WeChat Pay HK wallet are exempted from handling fees and will see a favorable exchange rate that’s much lower than that of credit cards.Īccording to public figures, as of the end of 2021, five cross-border electronic wallets from Hong Kong and Macau have accumulated about 9.26 million transactions in the Mainland of China worth HKD1.5 billion. Currently it supports more than 1 million merchants on the Mainland including popular F&B merchants, travel hotspots and transportation. WeChat Pay HK launched cross-border payments at the end of 2018, so Hong Kongers can now use their WeChat Pay HK wallet in the Mainland of China. The resumption of travel between Hong Kong and the Mainland of China is expected to boost demand in cross-border payments. SEE ALSO: Tencent’s WeChat Keyboard to Curb Data Leakage Ranks Top in App Store after Launch WeChat Pay HK users will be able to enjoy seamless, safe and convenient cross-border payment services in areas of travel, dining, shopping and entertainment. ![]() Authorities also announced that on January 15, the strict pandemic control measures that have lasted nearly three years, including quarantine and nucleic acid testing, will end, which also means that Hong Kong and mainland China will soon resume customs clearance.Īs one of the most popular digital mobile wallets in Hong Kong, WeChat Pay HK, a mobile payment platform under Tencent, welcomes the decision and anticipates a large number of Hong Kongers to visit the Mainland of China for family reunions, leisure and business travel. In a major shift to its epidemic response policies, the Chinese government recently downgraded COVID-19 to a Class B infectious disease from Class A. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |