News about QQ Wallet.
November 24th, 2016
McDonald’s South Africa is piloting a mobile payment service at select restaurants in Johannesburg and Cape Town using social messaging app WeChat Africa, enabling customers to complete purchases by presenting QR codes generated by the…
March 23rd, 2016
Chinese internet giant Tencent has reported that the number of monthly active users (MAU) of its mobile payments services has increased by seven times over the last year. Its QQ Wallet was used to exchange 6bn red envelopes during the Lunar New Year holidays and Weixin Pay was used to exchange 32bn red envelopes over the same period, up nine times on a year ago. “For Weixin and WeChat together, MAU reached 697 million at the end of 2015, representing YoY growth of 39%,” Tencent says.
November 30th, 2015
Chinese ecommerce giant Tencent has launched a mobile wallet service in South Africa in partnership with Standard Bank. The service lets users of social messaging app WeChat make P2P transfers, pay for services such as airtime, data and electricity and make in-store payments by scanning QR codes at merchants supporting the SnapScan mobile payments platform.
November 12th, 2015
More than 200 million customers have bound their bank cards to internet giant Tencent’s QQ Wallet and Weixin Pay mobile payment platforms, the company has revealed — but supporting them is proving costly. “As we enrich payment scenarios and invest in initiatives to deepen users’ mobile payment habit, we are incurring significant bank handling fees on the C2C money transfers which we offer to users largely for free,” Tencent says. “We believe such cost represents a worthwhile investment for the future.”