![]() ![]() However Tencent’s fourth quarterly earnings report on Thursday, which showed overall revenue grew at its quickest rate in three years and beat analysts’ estimates, also revealed how much it paid banks in fees for customers sending each other money via WeChat. Tencent does not disclose whether it is making money from its mobile payments business. While most of Tencent’s money still comes from online gaming, it has also developed a hit mobile messaging app called WeChat which had 697 million monthly active users at the end of December, up from 650 million at the end of September.Īnd it is building new businesses on WeChat, including gaming, social advertising akin to Facebook Inc's FB.O, and mobile banking. PAY: Enjoy the convenience of world-leading mobile payment features with Pay and Wallet (only available. Chat and make calls with friends, share your lifes favorite Moments, enjoy mobile payment features, and much more. QuickPass payment now supports some Tencent services, such as its music and video streaming apps, as. The tie-up enables QuickPass users to make payments by scanning WeChat Pay QR codes offline, and for WeChat Pay users to do the same with QuickPass codes. It has quietly built one of the world’s largest payments systems, with transactions which could total more than $500 billion this year, according to Reuters calculations. WeChat is more than a messaging and social media app it is a lifestyle for over one billion users across the world. Tencent’s WeChat Pay announced Thursday that it is now accessible by Cloud QuickPass, the mobile payment service of state-backed UnionPay. A man uses a mobile phone in front of a logo of Tencent at the Global Mobile Internet Conference (GMIC) 2015 in Beijing, China, April 28, 2015. ![]()
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