Shenzhen-based Tencent plans to change that by letting foreign users link their credit or debit cards issued by Visa and other major international operators from July, said Royal Chen Qiru, vice-president of Tencent Financial Technology, at the World Economic Forum Annual Meeting of the New Champions on Wednesday. WeChat Pay and Alipay, the two dominant Chinese mobile payments services, had for years limited the use of foreign bank cards due to the government's rigid financial and data controls.Īfter the country reopened its borders to overseas visitors earlier this year, difficulties in making everyday payments have become a frequent source of complaints.ĭo you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. They vowed to strengthen communication and cooperation with universities to prevent such misunderstandings in the future and promote the development of campus digitalization.Foreign tourists may find it easier to pay for taxi rides, restaurant meals and attraction tickets in China's cashless society from next month, as Tencent Holdings begins to facilitate payments by Visa and other international bank cards through WeChat Pay, following a similar move by Ant Group's Alipay. "The increasing number of profitable scenarios involving e-commerce and hotel tourism has depleted the zero-rate subsidy resources, resulting in rising costs," stated the company. The company explained that their original intention was to offer a preferential rate lower than the market average for a limited number of profitable scenarios, such as e-commerce and hotel tourism. WeChat clarified that WeChat payment has been available on campuses since 2015, and it has provided zero-fee preferential policies for non-profit payment scenarios on campus for an extended period. These universities include Northwestern University, Nanjing University of Science and Technology, Zhoukou Normal University, Zhengzhou University of Light Industry, and Zhengzhou Aviation Industry Management College. WeChat's statement came in response to the announcement made by several universities to suspend the usage of WeChat payment on campus starting from July 1, when a 0.6 percent handling fee was scheduled to be introduced in campus settings. "We apologized to school teachers and students for the misunderstanding about the payment rate for college life service scenarios, which is due to the poor handling in communication and we assure you that the preferential policy of zero rates will continue to maintain the preferential zero-rate policy for tuition and life service payments on campus," Tencent WeChat team said in a statement on Thursday. They assured the public that the zero-rate preferential policy, which has been in effect since 2015, will continue to be applied in non-profit payment scenarios on campus. After several Chinese universities announced their decision to discontinue the use of WeChat payment due to the implementation of a 0.6 percent handling fee, the Tencent WeChat team issued an apology on Thursday for the misunderstandings that arose during communication.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |