Instead of simply entering into partnerships with firms to offer WeChat Pay, Tencent’s Malaysia application targets locals as well as Chinese tourists. The expansion into Malaysia may signal more such targeting of local markets and may encourage locals and local firms to use WeChat Pay, making WeChat even more useful for Chinese travelers Grace Yin, director of WeChat Pay, noted, “The short-term target is still Chinese tourists… The priority is nearby countries most frequented by them, such as those in Southeast Asia.” Malaysia will be the first market outside of mainland China that WeChat offers this kind of service.Īlthough this move also targets local Malaysians, Tencent maintains that it is still fundamentally a move to facilitate Chinese tourism. The expansion into Malaysia may signal more such targeting of local markets and may encourage locals and local firms to use WeChat Pay, making WeChat even more useful for Chinese travelers.īy expanding the range of goods and services that can be paid for through WeChat Pay, Chinese travelers to Malaysia could hypothetically avoid hard cash exchanges altogether and enjoy cashless travel experiences abroad.Īlipay is still the larger of the two mobile payment services, but WeChat Pay is gaining ground quickly. Alipay and WeChat Pay maintain 55 percent and 40 percent of the China mobile payments market respectively. In the past few years, WeChat has entered into partnerships with firms abroad to offer WeChat payment services abroad for Chinese tourists to facilitate transactions. This includes expansion into Europe through partnerships with luxury retailers. Tencent also already has plans for US expansion.Īlipay has been doing its own set of high-profile global expansions. ANT Financial, Alipay’s parent company, invested US$200 million in Kakao Pay, which is a mobile payments platform provided through the Korean messaging app, Kakao. Alipay also recently initiated plans to offer mobile payments at many high-profile luxury resorts, hotels and casinos in Monaco.We've detected that you're using an ad content blocking browser plug-in or feature. We ask that you disable ad blocking while on Silicon Ads provide a critical source of revenue to the continued operation of Silicon Investor. Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. Strategies & Market Trends 2026 TeoTwawKi. ![]() ![]() No need to overly concern ourselves about CoVid, manufactured in China by nature or nurture, for we are informed that the fix is in. We can now devote some attention to China manufactured bitcoins, that which might be hijacked to play a role in either eCNY launch, or even Robux takedown, and endanger USD, or some such as the matter starts to concern name-brand professor in elite education institution. ![]() The Fed chair says no worries, which says to me, ‘worry now’. I believe the concern is legitimate, even as I do not know China has any plan involving bitgold. Using ETH-enabled app is doable now Message 33247644 for making own metallurgical creations, and then trade via Uniswap I believe offshore exchange(s) shall trade eCNY / eRMB / eYuan, and some of such exchanges would also trade bitgold, and provide interchange / on- & off-ramps to bitgold, and someone, anyone able to use a simple app, might well marry an eCNY to a Satoshi by way of ETH or Casper token glue, and if using Casper, might further enhance with eGold spice of Anthem The Americans can figure out how China can best use bitgold for the Greater-Good, and China can say ‘thanks’ and copy.īelieve eCNY will be useful for the rare earths trade, might even be required, and unless folks wish to self-sanction, eCNY becomes irresistible, irrefutable, undeniable, non-cancellable, and therefore enthusiastically embraced like a lot of other manufactured goods especially if it continues to pay a superior yield. #Tencent wechat ecny wechat pay 800m license.
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