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Tencent to promote mobile payment in Japan with local partners

2018-11-29 10:08

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China's Internet giant Tencent Holdings Limited, which owns one of China's mobile payment companies, WeChat Pay, joined hands with its Japanese counterpart, LINE Pay on Tuesday to promote mobile payments in Japan.

The two companies will launch a system on mobile payment at local vendors. Consumers can scan a QR code to pay for the goods they purchase.

LINE Pay is one of the leading instant messaging players in Japan, and it has a vast customer base in its home country like WeChat in China.

It will start renting its new scanning devices to its vendors on Dec. 15 and these new devices will be compatible with WeChat Pay and LINE Pay.

The move will facilitate mobile payments for Chinese tourists in Japan. Meanwhile, it will encourage more and more Japanese vendors to install these new devices for mobile payments.

WeChat Pay has surveyed the shopping malls in Japan where Chinese tourists gathered. Statistics showed that the number of transactions and turnovers made by mobile phones had surged six times in Japan in June this year compared with the figures a year earlier.

WeChat Pay has now supported operations in 49 overseas nations and areas with 16 currencies included in their transactions.
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