Tencent Holdings’ Weixin Pay, a leading digital payment platform in China, is expanding its presence in Southeast Asia to capitalise on the post-Covid surge of mainland tourists, as the company moves to diversify beyond a lacklustre domestic market.
“Over the last few years, we received a lot of feedback from merchants in Southeast Asia that they wanted our help in getting more Chinese tourists – that’s why we decided to focus on making sure that the local merchants are better served,” said Etienne Ng, regional director of Southeast Asia at Weixin Pay, in an interview earlier this week.
