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Tencent WeChat opens up payment service

2014-03-06 09:48 Global Times Web Editor: qindexing
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Internet giant Tencent Holdings has fully opened the online payment service of its popular WeChat instant messaging app to all business vendors, it said in a statement sent to the Global Times Wednesday.

The business vendors need to make a deposit of 20,000 yuan ($3,268) for their accounts with WeChat to enjoy such online transactions, and Tencent will charge a service fee of 0.6 percent for each transaction, according to a report by information portal caijing.com.cn.

China Unicom, the country's second-largest telecom operator in terms of subscribers, said Wednesday that its 200 brick-and-mortar sales outlets would adopt WeChat's online payment service.

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