Tencent has announced plans to expand its mobile payment service on WeChat outside China.
Wechat Pay is going to be made available in more than 20 countries and regions, including Australia, Southeast Asia, Hong Kong and Macau, in an attempt to make things more convenient for customers who are traveling abroad.
"With WeChat's mobile payment service, we won't have to exchange currencies before going abroad. It can be troublesome to take cash overseas. I can also skip the foreign transaction fees that are charged on my bank cards. It's going to be great to be able to pay for anything in the world with only a mobile phone."
It’s unclear when the new overseas payment scheme will be launched.
A payment through WeChat is made simply by scanning a QR Code through the app.
once a WeChat account is connected to a Chinese bank card, overseas billings will be ultimately converted and paid for through the Chinese currency.
