Poshu Yeung, vice-president of international business group at Tencent, addresses the WeChat Pay technology exhibition in Kuala Lumpur, Malaysia, March 26, 2019. (Photo/Xinhua)
WeChat Pay is one of the most popular features of social media application WeChat. It allows users to purchase goods online or to pay in physical stores by displaying a square barcode, known as a QR code on their phone screen.
WeChat Pay was launched in Malaysia last August, and has seen considerable growth since.
"Malaysia is one of the standout emerging markets that has quickly adopted to mobile payments," said Poshu Yeung, vice-president of international business group at Tencent.
"Our mission is to facilitate the development of the Malaysian digital economy by introducing local users and businesses with a simple, secure and convenient mobile payment experience. We believe that with enhanced public awareness, engagements and exposure, we will be able to play a role in leading Malaysian's digital ecosystem into the next level," he said.
