From Alipay to Daniel Shin’s PortOne Global: Top 10 Tech-Forward Payment Companies in Asia
In this article, you can read about the top 10 payment companies in Asia.
WeChat Pay, a mobile payment service on WeChat Chinese messaging app partners with payments solution provider Tramonex to further enhance their mobile wallet functionality, WeChat Pay.
In this article, you can read about the top 10 payment companies in Asia.
Earlier, WeChat customers could not send or forward links of products on Alibaba’s Taobao on the messaging platform.
The central banks of China, Hong Kong, Thailand and the UAE have also joined forces to create their own digital currency initiative.
While China has not yet announced when it wants to officially launch the e-CNY nationwide, it is set to continue the pilot tests during the 2022 Beijing Winter Olympics.
China’s central bank is proposing global rules to synchronize the use of CBDCs worldwide and ensuring “a fair supply of digital currencies” for the greater financial stability of the international monetary system.
DiDi, being the dominant ride-hailing in China with its over 500 million users, would offer the first real application of Digital Currency Electronic Payment (DCEP).
The collaboration between Tencent and UnionPay would allow merchants to accept payments from one customer using WeChat Pay and another using UnionPay’s QuickPass by presenting both with the same scannable code.
Google to enhance Google Pay by offering checking accounts through a partnership with Citigroup banking giant and Stanford Federal Credit Union in a project dubbed Cache.
In a move to dominate the industry, Chinese president Xi Jinping has urged the country to accelerate the adoption of blockchain.
Tencent has concerns that Facebook’s Libra success may represent a real direct threat to Chinese payment service providers.