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Card networks should be worried about WeChat Pay’s European expansion (TCEHY)

Transactions Made by Chinese Tourists, by Type
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Major Chinese mobile wallet WeChat Pay identified Europe as a key market to grow its cross-border business, which allows users to pay in Chinese yuan, which can be automatically converted into local currency.

The firm plans to expand its growing list of merchants in the region: Its European merchant network was 3.5 times larger in April 2019 than the year before, and the company has read more >>>

Source:: BusinessInsider.Com