Wechat Pay

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Mobile payment firms are struggling to dethrone cash in Southeast Asia despite boom in e-commerce
News & Analysis

Mobile payment firms are struggling to dethrone cash in Southeast Asia despite boom in e-commerce

Cash on delivery costs e-commerce businesses more than other payment methods, said Alibaba Group Holding-backed e-retailer Lazada Group.

Tencent to make Malaysia the first foreign country for rolling out its WeChat ecosystem
News & Analysis

Tencent to make Malaysia the first foreign country for rolling out its WeChat ecosystem

WeChat Pay and Alibaba’s Alipay, which dominate China’s digital payment market, have sought to expand their global footprint.

Tencent beats revenue forecasts through mobile game success and WeChat; to boost AI research
News & Analysis

Tencent beats revenue forecasts through mobile game success and WeChat; to boost AI research

Tencent Holdings trumped forecasts to post its best-ever quarterly results, driven by higher income from smartphone games, payments and online advertising.

Malaysia's second largest bank, CIMB forms JV with parent company of Alipay to provide financial services
News & Analysis

Malaysia's second largest bank, CIMB forms JV with parent company of Alipay to provide financial services

Digital payments firms are looking to tap the more than 370 million people without bank accounts that use cash on a day-to-day basis in Southeast Asia to offer lending and other financial services.

China, the first country to use paper money could be the first one to stop using it
News & Analysis

China, the first country to use paper money could be the first one to stop using it

Alibaba and Tencent are also taking their technology, and deep pockets, abroad as they target cashed-up Chinese tourists and nascent payment markets in developing countries.

Tencent Holdings plans to expand WeChat Pay beyond China, applies for a license in Malaysia
News & Analysis

Tencent Holdings plans to expand WeChat Pay beyond China, applies for a license in Malaysia

Tencent has applied for a license in Malaysia for its WeChat Pay, in what would be a first for the platform beyond mainland China and Hong Kong.

US startup Stripe partners with Alipay and WeChat to enable global payments to its customers
News & Analysis

US startup Stripe partners with Alipay and WeChat to enable global payments to its customers

Stripe has partnered with Alipay and WeChat to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers.