Tencent and state-owned UnionPay to merge QR code systems for mobile payments in China

/Tencent and state-owned UnionPay to merge QR code systems for mobile payments in China

Tencent and state-owned UnionPay to merge QR code systems for mobile payments in China

Chinese internet giant Tencent Holdings is working to integrate its QR code system for mobile payments with state-owned China UnionPay, giving the latter a bigger slice of the hotly-contested industry.With the common QR code system, merchants could provide users of WeChat Pay – the mobile payment service within Tencent’s ubiquitous messaging and social media app WeChat – and UnionPay’s Quickpass with the same code to make payments, Chinese media Caixin reported on Tuesday, citing people…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-01-08T11:00:12+00:00 January 8th, 2020|Uncategorized|Comments Off on Tencent and state-owned UnionPay to merge QR code systems for mobile payments in China