News about WeChat Pay.
March 27th, 2017
Apple Pay is “struggling” in China due in part to a minority smartphone market share and consumers being “far more accustomed” to competing services such as Alipay and Tencent’s WeChat Pay. “I don’t think Apple Pay can achieve the same market share as Alipay or WeChat Pay in the foreseeable future,” Morningstar Investment Service analyst Marie Sun told Bloomberg. “Personally, I don’t see any benefits to switching myself.” Apple Pay launched in China in February 2016.
March 24th, 2017
Starbucks customers across the US will soon be able to purchase gift cards using Apple Pay and send them to friends and family within Apple’s iMessage platform. The move comes as the coffee giant reveals it now has approximately nine million mobile paying customers with one in three using Mobile Order & Pay, which accounted for 8% of all transactions made across US stores last month.
January 31st, 2017
US consumers can now place orders from coffee giant Starbucks by speaking into the Starbucks iOS mobile app or to Amazon’s virtual assistant Alexa. The move comes as the company reveals that mobile orders made up 7% of all its US transactions in the last quarter, with mobile payments now accounting for 27%.
December 12th, 2016
Customers at about 2,500 Starbucks locations across mainland China can now make mobile payments using Chinese internet giant Tencent’s WeChat Pay mobile payments platform by scanning a QR code at the point of sale. The…
June 7th, 2016
Chinese internet giant Tencent is working to roll out its WeChat Pay mobile payment service to 10,000 Japanese stores by the end of 2016. “WeChat Pay, linked to the popular WeChat messaging app, lets its more than 300m users pay via smartphone at 300,000-plus locations in China,” Nikkei reports. “Only a few Japanese stores have adopted it so far. The plan is to have 20,000 stores in Japan accept WeChat Pay as soon as possible.”
February 26th, 2016
Chinese internet giant Tencent has made its WeChat Pay platform available to overseas vendors so they can serve Chinese consumers when they travel abroad. “WeChat Pay is an in-app payment feature to allow all WeChat users to pay transactions quickly on their mobile phones,” Tencent says. “WeChat can handle all the ways your users want to pay, whether it is via Quick Pay, QR code, in-app, web-based or native in-app payments.”