China goes live with QR payments spending cap

China caps store mobile payments at $80 — Nikkei Asian Review — “The People’s Bank of China, the country’s central bank, implemented the caps on Sunday for different types of QR code payments, based on relative risk. For payments made by scanning a printed QR code displayed by the seller, the daily limit is set at 500 yuan (about US$80)… Such popular services as Alibaba Group Holding’s Alipay and Tencent Holdings’ WeChat Pay are affected.”


Chinese mobile payment platforms are now used by 527m people

China’s mobile payment users hit 527 million in 2017 — ECNS — “China had a total of 527m mobile payment users at the end of last year, up by 57.8m from a year before… WeChat Pay, one of China’s major mobile payment service providers, attracted over 800m validated users by September 2017. The number of monthly offline payments was 280% higher than that from a year ago… Alipay, the online payment platform under ecommerce giant Alibaba, launched in 36 overseas destinations, benefiting hundreds of thousands of merchants. Overseas transactions surged by 306% in the last year when compared with 2016.”


Tencent opens up WeChat Pay to overseas credit card holders

WeChat Pay now allows users to bind overseas credit cards — Technode — “Expats living in China and residents of Hong Kong, Macao, and Taiwan — places where WeChat is ambitiously expanding its user base — can now bind and activate WeChat Pay accounts with credit card services provided by MasterCard, Visa, and JCB… This is the first time users are able to use WeChat Pay without having a Chinese bank account or credit card.”


Hong Kong transit operator to test WeChat Pay and Alipay

Contactless competition: WeChat Pay is coming to Hong Kong’s MTR, and Alipay may not be far behind — South China Morning Post — “Commuters on Hong Kong’s MTR will soon be given a new quick payment option as the railway operator has partnered with the mainland’s second-largest mobile payment provider WeChat Pay, it announced on Thursday. WeChat Pay’s main rival, Alipay, said it would follow suit in the ‘near future’… While the initiative arguably benefits mainland tourists more than Hongkongers, it breaks a 20-year stronghold by the contactless Octopus card on how train fares can be paid for.”



Apple accepts WeChat Pay in bid to reverse sales decline

Apple accepts WeChat Pay in bid to reverse sales decline — China Daily — “Apple said it is ‘excited’ to introduce Chinese customers using WeChat Pay to purchase apps or subscribe to Apple Music, and will continue to offer payment options that are simple and convenient…. It previously supported credit card transactions, its indigenous Apple Pay, China’s UnionPay, and Alipay, WeChat Pay’s biggest rival.”





Edinburgh Tattoo to accept WeChat Pay

Pic credit: The Royal Edinburgh Military Tattoo

Traditional annual Scottish tourism highlight The Royal Edinburgh Military Tattoo is to get a very modern twist from 2018 with the addition of support for Chinese internet giant Tencent’s WeChat Pay mobile payments platform, enabling the growing number of visitors from China who attend the event to purchase tickets, merchandise and other services from their smartphones. More


Chinese mobile payment apps launch in Vancouver, Toronto

Chinese mobile payment apps launch in Vancouver, Toronto — The Globe and Mail — “OTT Financial Inc is working with Chinese Internet giants Tencent and Alibaba to introduce their mobile-payment infrastructure in Canada. The two apps, WeChat Pay and Alipay, are linked with users’ credit cards and allows them to make payments in renminbi, which is then converted to Canadian dollars before it’s transferred to merchants.”






Starbucks to add gift cards to iMessage as Mobile Order & Pay grows

Users can send each other Starbucks gift cards in Apple's messaging app

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. More






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