Hey – would you look at that? WeChat is finally expanding its Wallet function to other countries other than China! It’s coming to Malaysia now!
Our friend Joshua from The Ideal Mobile is a member of WeChat’s pilot program, and that’s why he got to test the latest and greatest (potentially the glitchiest) functions available on the app first. I’m glad he is in the test program. Here are some of the things he found in his account, which gives us a pretty good idea on what to expect in the future.
Throughout his discovery, we bounced questions back and forth on how “ready” the Wallet feature is for its prime time here in Malaysia.
Head on over to change your region to Malaysia, If you can do it, that means you’re one of the WeChat Wallet early access for Malaysia!
Sadly, I’m not one of those lucky users – yet. If you are, do leave us a comment down below and describe your thoughts and potentially, your experience with it!
[UPDATE]: WeChat Pay comes early next year
Reuters just ran a piece regarding Tencent, the parent company of WeChat, saying this.
Tencent has made a “breakthrough” in gaining an e-payment license in Malaysia for local transactions, and plans a launch early next year, senior vice president S.Y. Lau said in an interview.
When exactly will we be getting WeChat Pay? I’m not sure, but for all we know, we have AliPay and WeChat Pay available soon. That’s excluding other local eWallet systems, too.
[UPDATE]: WeChat Wallet is now accepted in Malaysia!
Merchants – take note! Hong Leong Bank (HLB) is now accepting payments via WeChat Pay.
HLB just got an approval Bank Negara for the agreement between both Tenpay Payment Technology (subsidiary of Tencent, owner of WeChat) to provide WeChat Pay payment solution in Malaysia.
This effort will definitely boost the spending power of Chinese tourists who are currently using WeChat Pay in China. According to Domenic Fuda, Group Managing Director and Chief Executive Officer of HLB, there are over 600 million active users in China alone.
Perhaps WeChat Wallet and WeChat Pay will come to us Malaysians soon enough.
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