May 17, 2021

Tencent strengthens in Japan and teams up with Line for mobile payment services

Tencent strengthens in Japan and teams up with Line for mobile payment services

Shanghai (China), Nov 28 (EFECOM) .- The Chinese electronic giant Tencent, owner of the WeChat application, announced that it has signed an agreement with the Japanese application Line to offer mobile payment services for small local retailers to meet the needs of Chinese tourists visiting the country.

Line Pay and WeChat Pay will offer an integrated system for small and medium-sized local merchants so that buyers can pay through their mobile phones, an agreement that was reached on Tuesday and that today is collected by the local press.

Following the agreement, business owners will be able to charge Line and WeChat users through a unified bar code.

Wechat Pay is the Wechat payment platform, the most popular messaging system in China (similar to WhatsApp but with many more functions) and was already present in Japan.

The Chinese company is connected to 49 markets and regions abroad to allow Chinese consumers to pay with yuan.

According to Line, the objective of this agreement is to improve efficiency and help small stores that have struggled to take advantage of the Chinese tourism boom.

The Japanese government data shows that about 7.35 million Chinese visited Japan last year.

WeChat wants to do so in the face of the expansion of e-commerce giant Grupo Alibaba, which recently announced an association of its Alipay payment platform with Yahoo Japan and plans to work more closely with regional banks to promote the platform.

Alipay is also working with Kakao Pay in South Korea to allow Chinese travelers to South Korean territory to pay through their mobile phones.


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