WeChat will Allow Payment with Int'l Bank & Credit Cards!

■ Source: 电商报 & SCMP

Tencent will let foreign users link their Visa cards to their WeChat mobile payments accounts from July, after a similar move by Alipay, this will allow tourists to use their smartphones to pay tens of millions of Chinese merchants that already accept the domestic version of WeChat Pay. 

Foreign tourists visiting China will soon have an easier time making cashless payments for various services, thanks to Tencent Holdings and its popular mobile payment service, WeChat Pay. 

Tencent plans to enable payments through international bank cards, including Visa, starting from next month. This move follows a similar initiative by Ant Group's Alipay. 

Foreign bank cards on these platforms were limited due to financial and data controls, however, with China reopening its borders to overseas visitors, the difficulty in making everyday payments has become a common complaint. 

Royal Chen Qiru

Royal Chen Qiru, the Vice President of Tencent Financial Technology, announced at the World Economic Forum Annual Meeting of the New Champions that Tencent would allow foreign users to link their credit or debit cards issued by Visa and other major international operators from July. 

This development will enable travelers to conveniently use their smartphones for payments at millions of merchants across China that already accept the domestic version of WeChat Pay. 

Chen emphasized Tencent's commitment to enhancing access to China's online and offline merchants for overseas visitors, working in accordance with relevant regulatory bodies and policies. 

Alipay, operated by Ant Group's affiliate Alibaba Group Holding, also recently announced that foreign users would be able to pay in China using Mastercard credit or debit cards. 

Additionally, Alipay supports overseas bank cards issued by Visa, Diners Club International and Discover.