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As the most popular messaging app in China with over 1 billion monthly active users, WeChat has become a powerful platform for businesses to reach consumers. However, with great power comes great responsibility, and WeChat charges businesses a 20% service fee for each transaction made through the app. This may seem like a lot, but […]
The Bureau of Consumer Financial Protection (CFPB) in the last month made three significant announcements aimed at shifting the financial services industry towards a more "open"...
Modern marvels blend with ancient heritage to charm tourists
Without apps like WeChat and Alipay, even simple purchases get tricky. And access can depend on what country visitors hail from.
Mastercard has won long-awaited approval to expand its offerings in China’s huge payments market, days after the country’s leader personally sought to improve business ties between Beijing and Washington.