Written by GFTN | Nov 15, 2024 2:15:00 AM
Yang Wenhui of Tencent highlights Tencent's advancements in seamless payment solutions, focusing on their journey from local to international markets.
Key highlights
Cross-border remittance
- When conducting cross-border remittances from Hong Kong to some regions and countries, Tencent realised there's a very tangible need to digitalise those traditional businesses.
- First wallet to make QR code for cross-border transactions available between Hong Kong and Mainland China.
- Opened the WeChat system to international cards. International travellers can pay like locals.
- International travellers can also use the mini programmes enabled in the WeChat ecosystem like a local.
Palm technology
- On 6 Nov, Tencent launched the Tencent Palm in the global markets.
- The use of palm is more precise, faster and convenient than facial recognition. Also announced first overseas palm payment pilot in Singapore with Visa on 6 Nov.
Watch Full Session
Speaker:
- Yang Wenhui, Chief Executive Officer, Tenpay Global (Singapore) & General Manager, Tencent Financial Technology, Asia Pacific, Tencent