Chinese digital payment platform WeChat Pay has announced that users can now make payments in five countries – the Republic of Korea, Sri Lanka, Thailand, Malaysia and Singapore – by scanning local QR codes.
This means that in these countries, users no longer need to search for WeChat QR codes; instead, they can use WeChat Pay to scan QR codes issued by local payment platforms, just as local users do.
The integration is a fully compliant and comprehensive interoperability between WeChat Pay and the local payment infrastructure, rather than a series of individual merchant deals, said a WeChat Pay official, adding that tourists visiting these countries no longer need to download local apps or manually exchange currency.
Border authorities handled 185 million cross-border trips from January to March, up 13.5 percent year on year, according to the National Immigration Administration. The continued boom in outbound and inbound tourism has brought more demand and opportunities for cross-border payments.
WeChat Pay’s cross-border service now covers 78 countries and regions and supports 36 currencies.
Banking 4.0 – „how was the experience for you”
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