![]() ![]() Rivals Unionpay and Alipay can satisfy their needs for payments, but WeChat Pay can enhance their shopping experiences and communications, she emphasised. Pony Ma once remarked: 'Half our life is handed over to third-party partners'," she added.Īs a result, any customised interface comprising not only WeChat Pay, but also public accounts and mini programs, will eventually 'belong' to the brands, with WeChat just owning the underlying platform, Yin said.įor Chinese outbound tourists, the ease of paying in RMB alone is not enough anymore. This is because we have an open ecosystem that is open from the first day. ![]() "That is why WeChat Pay can develop to this scale over the past five years. While Alipay has independently-owned offices in its key overseas markets, WeChat Pay works mostly with third-party developers and agents by opening up its basic APIs to them to meet customised needs of merchants. There has been a marked difference in the overseas marketing strategy of WeChat Pay and its closest competitor, Alipay. "If any place has a Chinese tourist, this place will be our market." ![]() "It's very hard to do a new payment tool for other countries that’s why we target the Chinese who are familiar with the user experience of WeChat Pay," Yin said.įollowing the steps of Chinese outbound tourists, retailers in Macau, Japan, Thailand will be the first priority for WeChat Pay, and not only in big malls and duty-free outlets but also taxis and convenience stores, said Yin. ![]() The development of WeChat Pay overseas will be based on Chinese outbound tourists while foreign users will not be the priority, she said. Passenger type or class cannot be changed after entering the gate or during the journey.WeChat Pay now supports transactions in 13 different currencies (GBP, HKD, USD, JPY, CAD, AUD, EUR, NZD, KRW, THB, SGD, RUB, MYR) and 40 regions for 800 million users, said Grace Yin, director of WeChat Pay, at the RISE technology conference in Hong Kong yesterday, but only two markets will have local-currency wallets (Malaysian ringgit and Hong Kong dollars). Passengers are advised to select their passenger type (adult or concessionary) or class (standard or East Rail Line first class) on the MTR Mobile QR Code Ticket. However, MTR rides interchanging at Tsim Sha Tsui Station or East Tsim Sha Tsui Station will be considered as two separate single journeys. The adult fare QR code is equivalent to an adult Octopus Card and the concessionary fare QR code (including AlipayHK EasyGo Child and Elderly) is equivalent to a child Octopus Card. Users simply have to open the QR code or access the code through an interface shortcut setting for Hong Kong.įor QR code tickets, there are two types of fares - adult fares for passengers 12-64 years old, including students, and concessionary fares for children 3-11 years old and senior citizens aged 65 and above. WeChat Pay users can use QR code tickets to go through MTR entry/exit gates except for the Airport Express stations. This is a new addition to existing payment options such as MTR Mobile and AlipayHK. 20), Tencent’s WeChat Pay HK announced Monday. Mainland visitors to Hong Kong can pay for their train rides using WeChat Pay for Hong Kong Mass Transit Railway (MTR) mobile ticketing from Sunday (Feb. ![]()
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