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.Read more
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.Read more
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.Read more