Retail in Asia


Apple backs payments via WeChat

Apple backs payments via WeChat

Apple Inc’s online services support WeChat payment from yesterday under a tie-up between the US technology giant and Tencent, China’s top dot-com firm with almost 1 billion users.

SEE ALSO : Prepare for a mobile payment revolution among Chinese travelling shoppers

Apple users can purchase apps and subscribe to online music by bundling App Store and WeChat payment accounts. In China, around 963 million people use WeChat, a popular instant message and picture sharing tool.

Apple will “continue to be committed to offering customers across its ecosystem a variety of payment options that are simple and convenient,” the firm said in a statement.

SEE ALSO : WeChat Pay and Alipay North American expansion presents golden opportunity for retailers

The WeChat payment tie-up is expected to allow Apple to boost revenue from services, which may help the company to offset sales decline of iPhone and iPad in recent quarters in China, industry insiders said.

Apple has increased investment in China by setting up new research hubs data centers and more Apple Stores.

(Source: Shanghai Daily)