11-Jul-18, South China Morning Post
Tencent Holdings' WeChat Pay will not seek to offer more local payment wallets to overseas customers over the next three years and will remain focused on serving outbound Chinese tourists better in popular overseas destinations.
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Image: SCMP
WeChat Pay, a payment service integrated into Tencent’s giant social media app WeChat, said it wanted to prioritise outbound Chinese tourists rather than overseas residents in foreign markets due to the huge popularity of the service at home.
In addition to mainland China, WeChat Pay currently has local digital wallets in Hong Kong and Malaysia.