13-Jun-18, African News
Kenya-based regional financial institution Equity Bank and Singapore-based online payment company Red Dot Payment signed an MoU to introduce Alipay and WeChat Pay to the East African market.
%20China%20Daily.jpeg "Deal inked to introduce Alipay WeChat Pay to East Africa (c) China Daily")
Image: China Daily
Following the agreement East Africans will be able to use WeChat Pay and Alipay to purchase goods and services in local currency.
"We hope to roll out the Chinese mobile payment service in East Africa by the end of July," said Jack Ngare, Managing Director of Equity Bank subsidiary Finserve.
Under the agreement, the Alipay and WeChat Pay will be connected to the Equity Bank payment gateway.