WeChat Pay

2023: The launch of fare payment with a wave of a hand in the Beijing Metro

On May 22, 2023, the Chinese corporation Tencent Holdings announced the launch of a new biometric fare payment technology in the Beijing metro. To do this, passengers just need to scan their palm on the turnstile. Read more here.

2020: US ban

On December 5, 2020, the president USA Donald Trump blocked the most popular Chinese payment services Alipay and WeChat Pay in the United States. American the leader signed a corresponding decree, which became known as "Eliminating the threat posed by applications and others software developed or controlled by Chinese companies." More. here

2019

Integration with PayMaster

Payment acceptance service PayMaster on August 13, 2019 announced the integration of payment through the Chinese WeChat Pay system. The solution is suitable for all offline and online stores. Read more here.

Launch of the online version of WeChat Pay by BPC

In May 2019, the company BPC , in cooperation with the payment system Sendy , presented on the market an online version of the WeChat Pay service, a payment tool for users. Chinese messenger WeChat The first real transaction using WeChat Pay took place on May 15, 2019.

Now air carriers, companies operating in the hospitality sector and enterprises supplying goods and services to this country will be able to offer their Chinese customers a payment method familiar to them.

Over the past few years, the Chinese messenger WeChat has become an integral part of the social, consumer and financial culture of this country. All newly emerging services are almost immediately added to WeChat, and the WeChat Pay tool has long been used not only to transfer funds between network users, but also to pay for almost any goods and services. It replaces cash and plastic cards, and can be linked not only to your bank cards and accounts, but also to a mobile phone or e-wallet account.

To start accepting payments through WeChat Pay, it is enough for companies to make or expand an existing connection to online services provided by BPC Processing LLC. And WeChat users, in order to pay for a purchase on the Internet, just need to scan the QR code created by the system using their smartphone.

The payment service will be of interest to carriers, hospitality enterprises, companies engaged in deliveries to China, as well as those who plan to enter the Chinese market - this will significantly expand their opportunities to promote their goods and services in this country, the BPC emphasized. In addition to Russia, the online version of WeChatPay may also be in demand in India, Singapore, Malaysia, Australia and other countries in the Asia-Pacific region that work closely with China, according to the company.

At the same time, it should be borne in mind that only Chinese citizens can use the WeChat Pay payment tool, as well as the WeChat messenger itself: the account is opened on the basis of a personal user ID or a card of a relative of a Chinese citizen.

2018: Beginning of work in Russia

In Russia, the WeChat Pay payment service has been launched, which allows you to pay for goods using a popular mobile application. This was reported in July 2018 in the press service of Luxe Retail. The service has become available in Moscow department stores TSUM and GUM, which use the POSX cash program from Luxe Retail. Previously, a similar opportunity based on the AliPay service appeared in the Tsvetnoy department store.

WeChat Pay operates on the basis of the WeChat messenger created by the Chinese Internet giant Tencent. The messenger is installed in almost a billion citizens of the PRC, more than half of whom pay for various goods and services through it.

The press service of TSUM told Interfax that now Chinese buyers in Moscow can pay for purchases through WeChat Pay in yuan at the rate of the central bank of China. Purchase limits are 10 thousand dollars. US for one check and 20 thousand dollars. US per day with one e-wallet. There are no monthly and annual limits.

In addition, in the near future, tourists will be able to pay with the help of WeChat Pay in the House of Leningrad Trade (DLT) in the center of St. Petersburg, where the system is at the final stage of verification.

According to TSUM, the total number of buyers from China in TSUM for the year increased by 70%. Their share of the total number of customers averages 12% in the Central Department Store and 20% in DLT.

The management company "Bosko," which is in charge of another leading metropolitan department store - GUM, also reported that the service in GUM has been launched, all stores are gradually connected to it.

The partner of the Chinese service in Russia was the international payment system Sendy, which is also based on the technology of payment through a QR code. Russia has become the 17th country where you can use WeChat Pay. At the same time, the domestic cash program POSX, developed by Luxe Retail, is used in TSUM and GUM. As part of a partnership with Sendy, Luxe Retail specialists completed all the necessary improvements to the program and thereby ensured the technological ability to accept payments through the Chinese service at the cash desks of TSUM and GUM.

Earlier, Luxe Retail implemented the function of accepting payments using another payment service - AliPay - in the Moscow department store Tsvetnoy. In the AliPay mobile application, all information about retail outlets, goods and promotions is provided in the buyer's language, he only needs to select the product and generate a QR code on the screen of his smartphone in one click, which is read by the cashier for instant payment.