The new feature is destined for merchants working with Chinese tourists in Russia or looking for an opportunity to start doing so. WeChat has over 1 billion active monthly users, while the number of WeChat Pay users has recently reached 800 million. Moreover, millions of merchants use WeChat Pay to accept payments in their stores.
Payments via WeChat Pay are contactless and processed via QR codes. At checkout, the customers need to open the WeChat app on their smartphone, let the cashier scan the QR code, and confirm the payment from their phone.
By partnering with Yandex.Checkout, companies can implement WeChat Pay inside PoS software or download a special app for Android to a smartphone or tablet. The app allows scanning QR codes for accepting payments. Yandex.Checkout has already helped implement payment acceptance via the new method to the home appliance and digital electronics retail chain Citilink. This was done with seven large outlets in Moscow and five in Saint Petersburg. Before the implementation, the average check in Citilink stores for purchases paid for with cards issued by Chinese payment systems amounted to 6,500 rubles.
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