The Chinese consumer market is a huge one. Extending to the global Chinese diaspora living, working, and studying outside China, the market represents over 50 million people. To that end, businesses across the globe that integrate Chinese payment methods like Weixin Pay, (also known as WeChat Pay) are likely to see their revenues from Chinese consumers increase.

Recently global payment service provider Stripe has expanded its collaboration with Tencent by introducing Weixin Pay to Stripe Terminal, enabling in-person transactions in 20 countries including Singapore, Australia, Canada to France, Germany, Italy, the UK, the US, and beyond. What will this payment integration mean for cross-border trade and businesses in Asia? 

Stripe's Chief Revenue Officer, Asia Pacific, Paul Harapin shares more about the payment service provider's partnership with Tencent, and provides insights into macro trends shaping the global payment space.

 

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