China’s popular social media platform WeChat has made in-flight mobile payment possible by post-landing settlement, according to Xinhuanet.
WeChat Pay rolled out a pilot in-flight mobile payment service Wednesday for passengers taking two flights carried by Spring Airlines.
WeChat Pay users with a credit score above 550 can apply for the service, which enables them to make purchases without access to the internet during the flight, and pay automatically via their accounts after landing.
The service will be promoted to other flights to improve the in-flight shopping experience, according to WeChat.
Earlier in May 2019, WeChat Pay has announced plans to expand its business in Europe, as part of its ONE FOR BILLION business initiative. WeChat Pay noted that in April 2019, the number of European merchants offering its mobile payment method was 3.5 times higher compared to last year.
China is the world’s largest mobile payment service market, with both tech and financial giants promoting their own tools to facilitate easier payments for daily shopping, dining and commuting.
Data from the country’s central bank showed that the number of mobile payment transactions surged by 79.6 percent year on year in the first quarter of 2019 while the total value saw a 22.32-percent rise.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
