Tencent announced that WeChat Pay has entered cooperative arrangements to connect directly with the apps of multiple banks and financial institutions, including UnionPay’s Yunshanfu, ICBC, China Construction Bank, Bank of China, Ping An Bank, China CITIC Bank, Fujian Rural Credit, Bank of Xi’an, Bank of Hangzhou and AllInPay.
WeChat Pay established a ‘comprehensive payments connection’ with the UnionPay Yunshanfu app in September 2021, permitting the interchangeable use of their respective QR codes for digital payments purposes. This meant that WeChat Pay users throughout China can now use Yunshanfu to scan WeChat Pay QR codes to complete payments.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.