WeChatPay from China expansion has been focused on Chinese tourists abroad rather than launching local versions of the platform.
Right
now, there’s an ongoing orientation and training of the platform which was
launch recently in the Philippines by some of the companies under Yupangco
Group (Filremit, Yupangco Electronics Corporation, Manila Express, Zoomanity
Group, Yamaha Music among others). Now launched as 58Pay with Bong De Ocampo
and Robert Laurel Yupangco as partners and recently introduced to the public
with the media at UnliCity, Century City Mall, Makati.
According
to WeChatPay, “We focused on expanding the payments service abroad, but it has
stopped short of trying to create a local version of the platform for other
countries. Instead, the company has been focused on signing up merchants in
many countries to accept the payment system so Chinese tourists can use the
payments platform abroad and right now in the Philippines.”
According
to Engr. Grace Bondad Nicolas, one of the partners of 58Pay, “We are looking
for merchants which Chinese tourists are fond to go , just like some outlets
and duty free, some famous restaurants like Samgyupsalamat, theme parks, hotels
and companies like Air Asia & Jeju Air.
In
the Philippines, the expectation is to increase the Chinese tourist especially
now that the Duterte administration has a good relationship with China. To know
more about it, please call 09778978877 or 219 3503 to be one of the merchants.
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