Tencent Plans to Expand WeChat Pay to 10,000 Stores in Japan

Tencent Plans to Expand WeChat Pay to 10,000 Stores in Japan
Jun 08, 2016 By eChinacities.com

Japanese mediareported yesterday that Tencent plans to expand WeChat Pay to 10,000 stores in Japan in order to better facilitate Chinese tourists.

WeChat currently has about 760 million users. Over 300,000 stores in China currently accept WeChat Pay. Japanese chain Mr Max already supports WeChat Pay.

WeChat Pay began its expansion overseas in November 2015. In foreign stores that support the payment system, Chinese users can scan their WeChat QR code and type in a password to make purchases abroad in RMB. The system will then automatically pay the foreign merchant in foreign currency. After the buyer completes the payment, the merchant can send them sale information or membership cards through WeChat.

WeChat Pay is currently available a number of countries and regions including China, Taiwan, Hong Kong, Japan, South Korea, Thailand, Australia, Singapore, and the United States. Tencent plans to expand to Indonesia, Malaysia, Russia, and Canada in the near future.

Japanese convenience store chains Lawson and 7-11 have announced that 30,000 locations will soon accept Alipay. Alipay has already partnered with Rakuten, Yahoo (which is popular in Japan for online shopping), and other e-commerce providers.

Chinese tourists spend more in Japan than those from any other country or region, and account for a quarter of foreign tourists to Japan. In 2015, Chinese tourists spent 280,000 Yen per capita in Japan (about 17,000 Yuan).

Source: thepaper.cn

Warning:The use of any news and articles published on eChinacities.com without written permission from eChinacities.com constitutes copyright infringement, and legal action can be taken.

Keywords: WeChat Pay WeChat Pay Japan tencent

2 Comments

All comments are subject to moderation by eChinacities.com staff. Because we wish to encourage healthy and productive dialogue we ask that all comments remain polite, free of profanity or name calling, and relevant to the original post and subsequent discussion. Comments will not be deleted because of the viewpoints they express, only if the mode of expression itself is inappropriate.

tanbank34

wechat is going to beat whatsapp

Mar 27, 2017 13:43 Report Abuse

RandomGuy

Good luck, Japan already has had its own NFC wallet since 2002, long before any country and the market is saturated. I guess Chinese stores in Japan may use it, but beyond that?

Jun 09, 2016 10:37 Report Abuse