![]() ![]() You can check your balance by going to Me > WeChat Pay/Pay > Balance. Follow the instruction to complete the real-name authentication within 24 hours and bind a bank payment card (debit or credit card) issued in Chinas Mainland. They can still make purchases through this account after they go back to China. Receive a Red Packet or a Transfer from one of your Chinese contacts. As soon as the buyer finishes the payment, he can follow the overseas vendor’s official account. The converted CNY amount will then be deducted from the buyer's account when the buyer confirms the deal in WeChat Pay. When a buyer purchases a product from an overseas vendor, this spot exchange rate will be used to convert the foreign currency into CNY. Receive a Red Packet or a Transfer from one of your Chinese contacts. ![]() More and more Chinese people choose to travel abroad. WeChat is now a truly mobile lifestyle for everyone. It makes every connection possible among people, between users and vendors, and between users and organizations. How will overseas vendors benefit from WeChat Pay? WeChat is a lifestyle As the most popular instant messaging app in China, WeChat builds a unique social community for its users across the globe. WeChat has Quick Pay, QR Code Payment, In-App Web-based Payment, In-App Payment, Mini Program Payment, to fulfill different payment situation. It is the best choice of mobile payments. Combined with WeChat official accounts, WeChat Pay service explores and optimizes o2o consumption experience, provides professional internet solutions for physical business. WeChat has Quick Pay, QR Code Payments, In-App Web-Based Payments, and Native In-App Payments, all to fulfill the full range of scenarios your customers expect to fulfill different payment situation. Chinese internet-based technology and service company Tencent has partnered with Finnish digital signature and data management developer Avaintec.WeChat Pay is a payment feature integrated into the WeChat app, users can complete payment quickly with smartphones. Helsinki Business Hub supported the collaboration. Together the two companies have brought Tencent’s WeChat Pay to Finland, offering the rapidly growing number of Chinese visitors a safe, familiar and convenient way to pay for their purchases. WeChat first extended its mobile payment service to foreigners in 2019 under a pilot initiative, but only covering a handful of merchants. ![]() WeChat Pay allows Finnish businesses to serve their Chinese customers better – and to improve their sales while doing so. When Chinese visitors want to buy souvenirs for example from a Moomin Shop in Helsinki or from the Arctic Circle Tourist Information in Rovaniemi, they can now pay with a mobile application that is quick, easy and already familiar to them: WeChat Pay. Mobile payment apps are already challenging cash in China, as Chinese consumers find them safer and more convenient. The Chinese also prefer smartphone payment apps while travelling abroad, and the ability to offer this option can really benefit retailers. WeChat Pay is the leading mobile pay platform in China, with more than 800 million monthly active users and over 1 billion daily transactions on average in 2018. Note: Some links in this article are affiliate links, which means that at no extra cost to you, I may be compensated if you choose to use one of the services listed. Along with the rapid development of the Chinese economy, more and more Chinese tourists travel abroad, and WeChat Pay collaborates with local merchants to meet their needs. With WeChat Pay, users can make payments quickly and conveniently in their own currency by simply scanning a QR code, without having to exchange money or withdraw cash. “In my opinion, for companies like Tencent, Finland and the Nordic area is a rapidly growing tourism market, and Finland is also a convenient shortcut between China and the rest of Europe,” says Service Manager Jie Guo from Avaintec. dwarf that of China, totaling 26.6 billion in the year to mid-June versus China’s 4 billion, according to previously unreported data collated by consultancy Preqin. Helsinki Business Hub worked with Tencent and helped the company look for potential partners in Finland. ![]()
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