Wirecard, Tencent partner to introduce WeChat Pay in Europe
Wirecard has partnered with China-based Tencent to introduce mobile payment WeChat Pay in Europe.
WeChat Pay will enable European retailers to access a broad consumer base of 938 million active WeChat users.
The launch of the payments service is aimed at Chinese tourists travelling to Europe.
Wirecard will serve as the acquiring bank and bundles all transactions for the respective retailer and processes together via the collecting model.
Wirecard executive vice president of mobile services Jorn Leogrande said: “This collaboration is an additional step for us to offer retailers a whole range of alternative and classical payment methods with just one interface where other payment methods can be added regularly.
“Thanks to our ConnectedPOS platform we are able to integrate them with minimal intervention in the existing cash register. We are looking forward to expand our business and to offer WeChat Pay for customers all over Europe.”