Pyramid schemes put in the crosshair of WeChat…

After the real-name registration required by WeChat Pay earlier this year, the app has recently denied 3,000 third-party WeChat stores access to WeChat Pay. The aim is to stifle the development of pyramid schemes among…

A new payment app may take a big…

The State Grid Corporation of China (SGCC), a central government-owned enterprise, has launched its own payment app. It's rumored that the app will make third-party payment methods for electricity bills obsolete, turning Alipay and WeChat…

WeChat Pay invests USD 15 M to support…

WeChat Pay made an announcement in Guangzhou on Thursday that it has made an investment of RMB 100 million (USD 15 million) to support the growth of WeChat Pay service providers. It is calling the…