Stripe Expands Partnership With Tencent and Weixin Pay Availability
From now on, Weixin Pay, a version of WeChat Pay, is available not only for online payments powered by Stripe but also for in-person shopping via Stripe Terminal in 20 countries.
WeChat Pay
Weixin Pay Users to Receive Cross-Border Transfers From PayPal’s Xoom
PayPal’s money transfer service, Xoom, will enable Weixin Pay users to receive money directly into their Weixin Pay Wallet Balance or linked bank accounts through the partnership with Tenpay Global.
BNPL Users to Top 670 Million Globally by 2028
The 107% growth of the BNPL (Buy Now, Pay Later) users is expected to be fueled by the increasing efforts of superapps and banks to develop their own flexible loan offerings.
WeChat Palm Payments in a Nutshell
Payments get easier every day. As we dive into the exciting world of payment innovations, we will focus our attention on the ever-evolving landscape of contactless payments. One bright example of innovative biometric payments is the Palm Payments system currently tested by WeChat in China.
WeChat Adds CBDC to Payment Platform
China’s major social networking and payment app WeChat has followed Alipay in adding support for payments using the digital yuan – the country’s central bank digital currency (CBDC)
Tencent Expands to Singapore to Facilitate Payments and Services for Chinese Tourists
Chinese tech giant Tencent expands its presence in Singapore with WeChat/Weixin Pay as Covid-19 travel restrictions are lifted
Digital Domestic Money Transfers to Surpass 300 Billion Globally by 2026
A new study revealed that the volume of digital domestic money transfer transactions will exceed 300 billion globally in 2026
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