X App Announces Plans to Launch Peer-to-Peer Payments Feature in 2024
Elon Musk’s X app is set to offer users peer-to-peer payments later this year as it moves closer to achieving “everything” status.
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.
Elon Musk’s X app is set to offer users peer-to-peer payments later this year as it moves closer to achieving “everything” status.
As part of plans to launch the X super app, Elon Musk has said the Twitter logo would change to X.
While the Chinese smartphone market experienced a 5% decline in sales during the first quarter of 2023, Apple’s iPhone sales demonstrated resilience, growing by 6% year-on-year during the same period.
As a high-growth-oriented company, Tencent is charting a very ambitious path to grow its revenue over time.
Chinese super app WeChat is the second multipurpose social media platform in the country, after Alipay, to integrate digital yuan payments.
In addition to challenging TikTok, Tencent also connects its products with Channels to help creators to stream content.
The move from the Chinese tech giants is a proactive approach to be on the good side with the regulators who have been seeing many reasons to crack down on the country’s technology outfits in recent months.
The People’s Bank of China is looking to leverage the massive user base that WeChat has for accelerated adoption of its digital yuan.
The Reserve Bank of Australia revealed that payments made via digital wallets for in-person transactions grew to 8% in 2019, a 6% gain since 2016.
With the Chinese New Year holiday around the corner, Douyin Pay appears primed to enjoy patronage during this period.