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Sat 7 Mar 2020 12:55 AM

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Payments giant set to launch WeChat Pay in the UAE

Millions of Chinese tourists will be able to transact securely with Network International's merchant network in the UAE

Payments giant set to launch WeChat Pay in the UAE

WeChat Pay is a mobile payment service embedded in WeChat, the popular Chinese social messaging service that boasts more than 1 billion users registered globally.

Payments giant Network International said on Monday that WeChat Pay will soon be available to its merchant partners across the UAE.

The announcement follows an agreement between Network International and Tencent Holdings Limited, official developer of WeChat Pay.

WeChat Pay is a mobile payment service embedded in WeChat, the popular Chinese social messaging service that boasts more than 1 billion users registered globally.

The collaboration will enable millions of Chinese tourists to transact securely with Network International’s extensive merchant network in the UAE via their WeChat mobile wallet.

“We are excited to work with Tencent Holdings to offer WeChat Pay to our clients across the UAE. Our agreement brings an incredible opportunity to the UAE’s retail and hospitality sectors, helping them cater to the growing demand from Chinese visitors,” said Paul Clarke, group head of product & innovation, Network International.

“As a market leader in end-to-end payment solutions, we are delighted to enable our network of merchant partners in the UAE to keep pace with new technologies, offering them a competitive edge.”

Network International, the UAE’s largest merchant acquirer, will act as both settlement partner (acquirer) and solution provider to enable mobile-based transactions via WeChat Pay at points of sale and for online purchases, he added.

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