'Alipay, WeChat Accept Overseas Cards For Payment' - Global Times
Portfolio Pulse from Happy Mohamed
Chinese mobile payment platforms WeChat Pay and Alipay will now accept overseas cards like Visa and Mastercard to facilitate mobile payment for overseas users in China. This move coincides with the full resumption of travel and international business activities in China. Alipay has completed support for overseas users to use mobile payments in China, while Tencent is deepening its collaboration with international card organizations including Visa, Discover Global Network, JCB and Mastercard.
July 21, 2023 | 6:02 pm
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POSITIVE IMPACT
Alibaba's Alipay now accepts overseas cards, which could increase its user base and transaction volume.
Alipay's decision to accept overseas cards could attract more overseas users, increasing its transaction volume and potentially its revenue. This could have a positive impact on Alibaba's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Mastercard cards can now be used on WeChat Pay and Alipay, potentially increasing its transaction volume in China.
Mastercard's acceptance on WeChat Pay and Alipay could increase its transaction volume in China, potentially boosting its revenue. This could have a positive impact on Mastercard's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Visa cards can now be used on WeChat Pay and Alipay, potentially increasing its transaction volume in China.
Visa's acceptance on WeChat Pay and Alipay could increase its transaction volume in China, potentially boosting its revenue. This could have a positive impact on Visa's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70