wechat pay

Aug

Why are Alipay and WeChat Pay facing a possible antitrust investigation?

While Alipay and WeChat Pay maintain a duopoly over China’s mobile payments market, that duopoly does not warrant the antitrust investigation reportedly in the works. To be sure, no competitor has emerged able to pose a credible challenge to the duopoly, but primarily for reasons out of the companies’ control.…

Mar

China Payments Research

Tencent launches virtual credit payment product Fenfu

On March 26th, Chinese internet giant Tencent’s messaging app WeChat launched a test version of a virtual credit payment product called Fenfu (分付). Fenfu, which literally means “installment payment,” allows users unable to get a credit card from a bank to spend money first and later pay it back with…

Mar

Asia Payments Research

Tencent and Alibaba duke it out in the Middle East

The leading enabler of digital commerce across the Middle East and Africa region, Network International, made an agreement with Tencent Holdings Limited in February 2020 that will enable millions of Chinese tourists to transact through Network International’s extensive UAE merchant network with their WeChat mobile wallets. The largest merchant acquirer…

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wechat pay

Why are Alipay and WeChat Pay facing a possible antitrust investigation?

Tencent launches virtual credit payment product Fenfu

Tencent and Alibaba duke it out in the Middle East

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wechat pay

wechat pay

Why are Alipay and WeChat Pay facing a possible antitrust investigation?

Tencent launches virtual credit payment product Fenfu

Tencent and Alibaba duke it out in the Middle East

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