Tag "Wechat Pay"

E-Wallets Hong Kong: Who’s Leading, Opportunities, and Challenges

Since their inception in 2016,  e-wallets in Hong Kong which operate under Stored Value Facilities (SVFs) licensing have rapidly expanded, with the market now served by an intriguing mix of thirteen non-bank licensees, plus four traditional banks that also operate

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WeChat Broaden Digital Yuan Acceptance, Accelerating CBDC Adoption

China-based messenger app WeChat has announced that it has expanded digital yuan payments to its short video and mini-app platforms. This update is an extension of the e-CNY payments option that WeChat has already supported since early 2022. The move

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Tencent’s Fusion Bank Signs on More Than 10,000 Customers Within 2 Weeks of Launch

Within 2 weeks of the public launch of Fusion Bank, the last of the eight virtual banks licensed by the Hong Kong Monetary Authority, the virtual bank has managed to secure over 10,000 customers. Previously known as Infinium Limited, the

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The Last Virtual Bank in Hong Kong Launched

Fusion Bank, Hong Kong’s virtual bank jointly owned by Tencent, Hong Kong Exchanges and Clearing, Hillhouse Capital and Perfect Ridge, has announced the full public launch of its banking services. Previously known as Infinium Limited, the virtual bank had soft-launched

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How WeChat Pay Determines If You Are Trustworthy With Their Credit Score

WeChat Pay, Tencent’s mobile payments system integrated into the WeChat super-app, has told its users that it will be giving them a credit rating, called “Payment Points.” The system leverages artificial intelligence (AI) and uses users’ data collected from the

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Wirecard Enables European Merchants to Integrate with WeChat Minutes

Wirecard, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular payment method WeChat Pay into their online shop in just a few minutes. Chinese customers can now shop online or

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Tencent’s WeChat Pushes for Mainstream Adoption of Facial Recognition Payment

China has been quick to embrace facial recognition, a technology that’s already being used for making payments at numerous shops, supermarkets and restaurants. The latest development in the field comes from China’s Internet giant Tencent, which showcased last month, at

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LINE Pay Begins Integrating WeChat Pay

LINE Pay Corporation, operator of the LINE Pay mobile money transfer and payment service available on the LINE messaging app, announced recently that its merchants have been integrating WeChat Pay since early August. Once system integration is complete, WeChat Pay

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Soon You Might Not Need An Internet Connection to Make Payments Using WeChat

In July, Tencent’s super-app WeChat ran a trial that enabled passengers of two Spring Airlines flights between Shanghai and Chengdu to make offline payments while flying, reports Abacus. Passengers could sign up for the trial service, called WeChat on the

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WeChat Pay Will Start Terminating Accounts Caught Dealing with Crypto

WeChat Pay, one of China’s most popular e-wallet providers, has just updated its payment policy to ban cryptocurrency transactions. The move was first noticed by founding partner of crypto investment firm Primitive, Dovey Wan in a tweet. Urgh, Wechat just

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