Tencent Simplifies Process of Linking International Cards With Weixin Pay

Core Insights - Tencent has simplified the process for international visitors to register for WeChat accounts and link international cards to Weixin Pay, enhancing mobile payment accessibility in mainland China [1][2] Group 1: Weixin Pay Enhancements - International users can now register for WeChat using an overseas mobile number and link eligible international cards to Weixin Pay, allowing access to millions of merchants in mainland China [1] - The card linking process enables international visitors to spend a certain amount safely and conveniently [1] - Users seeking higher transaction limits can complete an identity verification process, increasing the single transaction limit from $1,000 to$5,000 and the annual limit from $10,000 to$50,000 [2] Group 2: Cross-Border Payment Initiatives - International visitors can also link UnionPay's Tour Card, a prepaid card, through Weixin Pay [2] - Malaysian visitors can utilize their local eWallet in the PayNet system to make payments in mainland China by scanning Weixin Pay QR codes [2] - Tencent's Tenpay Global will collaborate with NetsUnion to connect more wallets, further enhancing cross-border payment capabilities [2] Group 3: Inbound Tourism and Mobile Payments - Inbound tourism to China is increasing, leading to a rise in mobile payment usage by visitors [3] - Tencent previously announced that WeChat users can link cards from Visa, Mastercard, JCB, or Discover to facilitate payments at millions of merchants in China [3] - The company aims to improve the mobile payment experience for overseas users by supporting international cards and connecting local wallets with mainland China [3]