Tencent closes WeChat Pay in Malaysia as it shifts focus to Chinese tourists

Quick Summary:

Tencent Holdings is shutting down WeChat Pay Malaysia, the Chinese technology giant’s six-year old local e-wallet service, as it seeks to shift its focus in the Southeast Asian country to catering to Chinese tourists.

Tencent is now letting international users link their credit or debit cards issued by major international operators including Visa, Mastercard, American Express, Discover Global Network and JCB.

WeChat Pay will also double down on facilitating payments for foreign tourists in China, according to the company spokesperson.

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Article Details

Author / Journalist: Xinmei Shen

Category: Technology

Markets: Hong KongChinaMalaysiaMaldives

Topics: Wechat Tencent Payment Chinese Malaysia Spokesperson Users Malaysian E-wallet Tourists Local

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-03 @ 18:30:09 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21905925

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