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The popular Chinese messaging app WeChat is expanding its online payments system WeChat Pay internationally.
Chinese WeChat Pay users will now be able to pay in Hong Kong dollars, Japanese yen, Korean won, US dollars, Canadian dollars, British pounds, Australian dollars, New Zealand dollars and Euros. The amounts will be converted into Chinese yuan and then deducted from the user’s account.
With Chinese tourists being famous for their holiday spending, savvy shop owners will be turning to the payment method as an extra way to encourage them to shop in their stores. Chinese tourists spent 230 billion US dollars abroad while on holiday last year.
WeChat Pay is extremely popular in China, with 60% of WeChat’s 650 million users having signed up to the service.