China's mobile payment platform(平台) WeChat Pay will work in Italy for the first time, the company said on Monday. WeChat(微信) has 980 million active users month. In 2017, WeChat Pay was used by Chinese shoppers at an average rate of 1 million deals every minute, according to WeCha...
More than 90% of Chinese mobile payments run through Alipay and WeChat Pay, rival platforms backed by China’s two largest internet conglomerates — Alibaba, essentially the Amazon of China, and Tencent Holdings, owner of WeChat, the nation’s must-have messaging and social-media app with mor...
BEIJING, Feb. 28 (Xinhua) -- China's mobile payment apps are expanding their reaches in the global market as Internet giants such as Alibaba and Tencent seek to promote their e-payment tools overseas. Tencent's Wechat Pay has been used in 20 countries and regions includingJapanand the Repu...
China UnionPay’s 2022 report shows a significant decrease in unsafe habits, averaging 1.2 per user in 2022. Instances of risky behaviors like using identical passwords have notably declined. Yet, telecom fraud remains a challenge, with profit-return fraud at a high occurrence rate of 17.7%. ...
BEIJING, Sept. 1 (Xinhua) -- The digital revolution in China appeared to be a marvel to the world, as the country's leading mobile payment businesses began to facilitate people's lives across the globe. CHANGING PAYMENT HABIT Can you get by a day in Beijing without a wallet? In April ...
According to the People’s Bank of China, a digital currency would help regulators to reduce money laundering, corruption, and other illicit activities. Read more Number of mobile payment users in China from 2014 to June 2024 (in millions) ...
This chart shows projected penetration rates for mobile payments at point-of-sale in selected countries in 2023, as well as average transaction amounts per user and year.
Using mobile payment apps in China is straightforward. For example, when you buy a coffee, you can simply use Alipay, WeChat Pay, or UnionPay. Open the app and show your QR code to the vendor for payment. It's that simple. Whether you're at a convenience store or a restaurant, you...
BEIJING, March 1 (Xinhua) -- China has reiterated its commitment to facilitating mobile payment for foreigners, a move that indicates its resolve to enhance high-level openness. Zhang Qingsong, deputy governor of the People's Bank of China, said the central bank will guide payment platforms suc...
BEIJING--Thenumber of travelers and relevant tourism consumption hit record high duringChina'sNational Day holidays (from October 1 to 8) in 2017. As more Chinese people arechoosing outbound travels,China’smobile payment platforms gears up to cater to their demands on overseasmarket expansion, Se...