chinese tourists

Mar

How will COVID-19 affect WeChat Pay’s global expansion?

WeChat Pay has for several years been trying to develop its business outside of China. The first step is usually to partner with local merchants, making WeChat Pay available at points of sale where Chinese tourists shop. The second step is to target the local market. Thus far, WeChat has…

May

Asia Payments Research

Alipay and WeChat Pay run afoul of Nepal’s regulators

Alipay and WeChat Pay have been on a torrid expansion streak, setting up shop everywhere from Southeast Asia to Middle America. The digital wallets of Alibaba and Tencent seem intent on taking their battle for the wallet share of Chinese consumers global. In Nepal, which is popular with Chinese visitors,…

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