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Tencent’s WeChat Pay launches in Mongolia www.shanghaiist.com
China’s Tencent’s WeChat Pay, a mobile payment service, can now be used in Mongolia as it expands its reach beyond China. This move is aimed at making it easier for Chinese tourists to travel to Mongolia and conduct transactions using their WeChat accounts, says Mongolia’s state-owned television MNB. The service is available in hotels, restaurants and convenience stores in the southeastern province of Dornogovi’s Zamiin-Uud soum and in Ulan Bator, the capital city.
Benefits for Mongolian tourism industry
Tencent’s WeChat Pay, which has over one billion active users, is expected to promote tourism in Mongolia
The country aims to attract at least one million foreign tourists and earn $1bn from tourism during 2023-2025
The Chinese tourists are the primary target group and WeChat Pay transaction service is expected to make it easy for them to enjoy their stay
WeChat Pay aims to strengthen its position in the mobile payment market as it expands beyond its home country into new markets.
BY:
Cheyenne Dong
Cheyenne Dong is a senior tech journalist at Shanghaiist. With her expertise in e-commerce and retail, blockchain, and Web3, she provides readers with the latest news from these fields. She has a knack for uncovering stories that provide readers with comprehensive analysis of the ever-evolving dynamics of technology in China.
Published Date:2023-04-09
