The post Tencent supports Malaysia’s cashless society by launching WeChat Pay MY appeared first on e27. WeChat Pay MY guarantees 24/7 real-time monitoring of all of the transactions made through its transaction monitoring system with 6-digit payment password defaulted to users before any payment is authorised. WeChat Pay MY ensures that they have the BNM’s blessing to officially become one of the mobile payment tools available in the country. Yeung added that the launch is also aligned with Bank Negara Malaysia (BNM)’s move towards a cashless society. KK Super Mart is now the first chain store in Malaysia to accept WeChat Pay MY,” said Poshu Yeung, Vice President of Tencent International Business Group. “Our aim is to facilitate the development of the Malaysian market by introducing local users and businesses with a simple, secure and convenient mobile payment experience through WeChat Pay. Read Also: O2O is the future of automotive retail Users can also buy mobile top-ups and bus and airline tickets with their WeChat Pay account. Other features available are Quick Pay, a QR code payment method in the merchant store, and Debit Card Binding to eliminate the need for carrying a separate card. With two options of Individual Money Packet and Group Money Packet, users can have peer-to-peer (P2P) transaction within WeChat for good wishes. The global strategies of Alipay and WeChat Pay are similarly straightforward at the beginning: Follow outbound tourism. The most highlighted feature of WeChat Pay MY would be Money Packet, which works by allowing users to transfer money without any charges. Both offer payment and transfer facilities, whether online or offline using QR codes and PINs, and target small and medium-sized enterprises Online and mobile payments have outstripped the use of payment cards, their growth hastened by COVID-19 restrictions. Read Also: Future Flow’s cap table helps founders easily monitor the evolution of their stake, equity dilution Alibaba’s Alipay and Tencent’s WeChat Pay are the two dominant mobile payment apps. To celebrate the launch, Malaysian users of WeChat Pay MY will receive an amount ranging from RM3.88 (US$0.95) to RM88.88 (US$21.70) and a prepaid top-up coupon randomly from today until August 28. WeChat Is China’s Most Beloved (and Feared) Surveillance Tool According to the new book Influence Empire, and this Jarticle in Bloomberg, WeChat became so powerful that it could have posed a real threat to Beijing’s rule. The all payment solution from China will enable local businesses to engage with their customers under the same platform and make or transfer payment in Malaysian Ringgit (RM). Tencent’s WeChat announced today the launch of WeChat Malaysia’s payment feature called WeChat Pay MY. Chinas third-party payment platform WeChat Pay, run by Chinese tech giant Tencent, was launched in Turkey on Tuesday. They can scan-and-pay for purchases in 34 countries or regions via Alipay and 13 via WeChat Pay, according to the companies.From today until August 28, all WeChat Pay MY users are subject to random giveaway of RM3.88 to RM88.88 in its Money Packet feature WeChat Pay and Alibaba’s Alipay, which dominate China’s digital payment market, have sought to expand their global footprint, although that push has so far been limited to payment services for Chinese outbound tourists. Ethnic Chinese make up more than a fifth of Malaysia’s population. Southeast Asia, home to more than 600 million people and some of the world’s fastest-growing economies, has been a key battleground for China’s tech titans fighting for deals. “Malaysia is actually quite large in the sense that we have 20 million WeChat users, huge potential, and the market is quite warm towards internet products from China,” Lau said. The fully diluted market cap in the last 24 hours. Ob aplikace nyní podporují platby v digitálních jüanech, avak pro platby na olympiád je nebude moné. Digital Yuan Price Today 0.050315 USD, reaching a trading volume of 354,066 USD in last 24-hour gap. Do zaátku listopadu 2021 zaregistrovalo k útu v digitálním jüanu 140 milion lidí, i kdy obyvatelé pi kadodenních platbách stále v drtivé vtin spoléhají na slubu Alipay od firmy Alibaba a na slubu WeChat Pay od spolenosti Tencent Holdings. The move pits Shenzhen-based Tencent (TCTZF), Asia’s most valuable listed company, against rival Alibaba Group (BABA) as they scramble for new growth opportunities outside China. The Digital Yuan or ECNY, also known as cryptocurrency, operates on the Binance Smart Chain platform. Tencent has made a “breakthrough” in gaining an e-payment license in Malaysia for local transactions, and plans a launch early next year, senior vice president S.Y.
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