Skip to content
WeChat Pay RSS
Global mobile wallet users to total 2.1 billion in 2019
Nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up nearly 30% from 1.6 billion recorded at the end of 2017, according to a new study. The Juniper study claims that while contactless card payments were far more prevalent than NFC mobile payments in many markets, [...]
The post Global mobile wallet users to total 2.1 billion in 2019 appeared first on Payments Cards & Mobile.
Chinese tourists want to use mobile payments
Nearly all Chinese travellers (91%) would be more willing to shop and spend at overseas merchants that accepted Chinese mobile payments, according to a new Nielsen report, jointly released by Nielsen and Alipay, which found that 93% of Chinese tourists would use mobile payment overseas if given the option. The findings, revealed in a new Outbound Chinese [...]
The post Chinese tourists want to use mobile payments appeared first on Payments Cards & Mobile.
WeChat Pay at the Point of Sale in the UK
WeChat Pay, a widely adopted e-wallet payment solution in China and the iconic Camden Market, London’s fourth biggest tourist destination, is the first in the UK to make WeChat Pay available at the point of sale. Chinese tourists and the UK’s Chinese community will now be able to shop using their preferred payment method as [...]
The post WeChat Pay at the Point of Sale in the UK appeared first on Payments Cards & Mobile.
Chinese regulator mandates mobile payments clearing house
China’s central bank and regulator has mandated online and mobile payment groups to operate through a centralised clearing house, a move likely to undercut the dominance of Ant Financial and Tencent by forcing them to share valuable transaction data with competitors. China is the world leader in mobile payments, with transaction volumes rising nearly five-fold [...]
The post Chinese regulator mandates mobile payments clearing house appeared first on Payments Cards & Mobile.
Apple Pay’s first large-scale promotion in China intensifies its competition with Alipay and WeChat Pay
The size of Apple Pay’s share in the mobile payments market in China will depend on how well Apple Pay fits the needs of the local market and how substantial an investment Apple and its partners are prepared to make. Apple launched its first large-scale marketing campaign targeting Apple Pay consumers in mainland China between [...]
The post Apple Pay’s first large-scale promotion in China intensifies its competition with Alipay and WeChat Pay appeared first on Payments Cards & Mobile.
