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WeChat

China targets mobile payments oligopoly with clearing mandate

China’s central bank has ordered online payment groups to operate through a centralized clearing house, a move likely to undercut the dominance of Ant Financial and Tencent by forcing them to share valuable transaction data with competitors.   China is the world leader in mobile payments, with transaction volumes rising…

WeChat Wallet lands in Hong Kong before Apple Pay

Tencent’s WeChat Wallet service is now available to users in Hong Kong — just as Apple is working to release its mobile payment system in the city later this year. Hong Kong users who are part of the pilot programme will be able to link their Hong Kong credit cards…

Chinese high school students exposed to prostitution through WeChat

The latest scandal surrounding WeChat in China concerns one of the app’s defining features: ‘People Nearby’. Tapping this function returns a list of other users within vicinity. This flirty and oftentimes creepy feature is being used by prostitutes to find and turn tricks, according to CCTV, China’s state broadcaster. Sexual…