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The Latest Breaking News from WeChat Pay

China's Tencent to allow PayPal payments through its WeChat networks

Chinese tech giant Tencent is enabling PayPal users to pay with QR codes across China through its WeChat Pay network. This move aims to attract more foreign tourists by simplifying cashless transactions. Initially available to US PayPal users, the feature will expand to other markets.

The Economic Times

In a tourist-friendly move, China's Tencent to allow PayPal payments through its WeChat networks

Tencent says users of PayPal will be able to make payments in China using QR codes through WeChat Pay's extensive merchant network, in a tourism friendly move

The Independent UK

Business Brief (April 22): China Targets 100 Trillion Yuan Service Sector With AI Push

IT ministry studies computing and power coordination, Mexico and Peru probe Chinese imports

Caixin Global

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China's digital currency raises concern as wages of thousands of public servants moves to e-CNY

Starting this month, thousands of workers in a Chinese city will be paid their wages entirely in digital yuan, in what has been described by the central government as a "milestone" for the currency.

ABC News

CPN, WeChat Pay to attract Chinese

Central Pattana (CPN) is joining forces with WeChat Pay to stimulate Thai tourism, creating a seamless shopping experience for Chinese tourists.

Bangkok Post

Government-issued digital currencies could bring about a dystopian future, security experts warn

As the world moves away from cash, countries are rolling out government-regulated digital currencies that have concerned security experts.

Inverse

Tencent Caught In Regulatory Turmoil Like Jack Ma's Ant Group

China looks to require Tencent Holdings Ltd (OTC:TCEHY) to include WeChat Pay in a newly created financial holding company, Bloomberg reports. The overhaul may mandate a new license for the universal mobile payments service subjecting it to intense regulatory scrutiny jeopardizing the one-stop-shop appeal reviving investor angst. Tencent needs to fold its banking, securities, insurance,…

Benzinga

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