Walmart to Use Tencent Holdings’ WeChat Pay

News stories did not say whether WeChat Pay will be integrated with Walmart’s QR-code based payment app Walmart Pay. Walmart Pay is one of the fastest growing payment solutions in the United States.

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Apple Pay more Popular than WeChat Pay in Hong Kong

Strangely enough, Hong Kong consumers liked WeChat Pay better but used Apple Pay more.

Only 8% of respondents admitted to using WeChat Pay, 16% used Ant Financial’s Alipay, and 17% used Alphabet’s (NASDAQ: GOOG) Google Pay.

Even though WeChat Pay was number three; it had the highest customer satisfaction rating of 7.7 out of 10 points, Apple Pay was number two with 7.6 points.

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Tencent Holdings the Tech Value Giant you’ve Never Heard of

If Tencent ever comes to American exchanges, it will be a good investment because of the dividend, the high return on equity and all the growth potential. If any Chinese company has the potential to grow into a tech giant rivaling Microsoft or Alphabet it’s Tencent Holdings.

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