China
⛔️ Chinese conglomerate Tencent🇨🇳 suspends WeChat Pay operations in Malaysia🇲🇾 Paid Members Public
⛔️ Chinese conglomerate Tencent🇨🇳 suspends WeChat Pay operations in Malaysia🇲🇾 The company is adjusting its business strategy in Malaysia, focusing on cross-border payments in yuan. ➡️ WeChat Pay Malaysia stopped accepting new e-wallet registrations on August 1st and will cease offering local payment services starting September 1st of this year. ➡️ Why❓— The
⚡️UnionPay🇨🇳 expands its network of benefits for travelers in Europe Paid Members Public
⚡️UnionPay🇨🇳 expands its network of benefits for travelers in Europe Exclusive offers, exchange rate discounts... The Chinese payment system is making every effort to enhance the user experience across Europe. ➡️ The move towards visa-free travel has significantly boosted tourism to and from China, leading to rapid growth in demand for
🌴UnionPay🇨🇳 partners with BankservAfrica: positive banking growth dynamics are evident. Paid Members Public
🌴UnionPay🇨🇳 partners with BankservAfrica: positive banking growth dynamics are evident. It's been a while since we had any news about Africa... And here we have a reason. BankservAfrica is the largest automated clearing house on the continent, responsible for the clearing and processing of billions of small transactions
⚡️China🇨🇳 is attempting to pressure Visa and Mastercard's fee policy Paid Members Public
⚡️China🇨🇳 is attempting to pressure Visa and Mastercard's fee policy In order to reduce foreign tourists' spending in the Middle Kingdom, China has asked Visa and Mastercard to lower their bank card transaction fees. Retail is increasingly shifting towards digital and cashless, but most Chinese merchants are
⚡️According to experts from the British payment platform Worldpay🇬🇧, the demand for digital wallets in China🇨🇳 and India🇮🇳 is growing Paid Members Public
⚡️According to experts from the British payment platform Worldpay🇬🇧, the demand for digital wallets in China🇨🇳 and India🇮🇳 is growing Continuing the information. In 2023, the use of digital wallets was highest among residents of countries in the Asia-Pacific region. Globally, the proportion of digital wallets in physical store purchases
👀 News from China 🇨🇳 Mobile Wallets Dominate the Payments Sector Paid Members Public
👀 News from China 🇨🇳 Mobile Wallets Dominate the Payments Sector According to analysts at the research portal "GlobalData," 84% of users in China prefer using mobile wallets. ➡️ The main reasons for this trend, according to the study authors, include the mature digital infrastructure, the increasing popularity of QR code
🎉China🇨🇳: Mastercard NetsUnion = Mastercard + NUCC (Chinese partner) Paid Members Public
🎉China🇨🇳: Mastercard NetsUnion = Mastercard + NUCC (Chinese partner) The joint venture processes cards that can be used for payments both domestically and internationally. ➡️ Preamble: In February 2020, the People's Bank of China (PBOC) granted Mastercard NetsUnion permission to begin official preparations to establish a national clearing and issuance institution.
📱 Hong Kong🇨🇳: Alipay+ provides digital payments with 14 e-wallets from 9 countries Paid Members Public
📱 Hong Kong🇨🇳: Alipay+ provides digital payments with 14 e-wallets from 9 countries The Chinese company Ant International Group is expanding the reach of cross-border payments through the existing payment codes of AlipayHK. This initiative has been positively received by the merchant community. ➡️ Ant's partners: MPay (Macao SAR, China�