June 8, 2017
U.S. merchants and others around the world that want to sell into China—the largest e-commerce market in the world—will need to offer payment methods that make it possible. One of the most popular is WeChat Pay, the payment service offered by Alibaba competitor Tencent. Tencent’s WeChat has become one of the dominant messaging platforms in China with more than 600 million active users, according to the company. San Francisco-based payment provider Paymentwall this week announced it will make WeChat Pay available to its merchant customers that want to tap into this user base.
“We are excited to start working with Tencent and bring WeChat Pay to online stores in Europe, the U.S., Latin America, Southeast Asia and the Middle East,” said Honor Gunday, CEO of Paymentwall. “Every entrepreneur now has the opportunity to enter the $5.5 trillion Chinese mobile market.”