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WeChat Pay

WeChat Pay is a payment system based on the WeChat messenger of the same name, owned by the Chinese company Tencent. WeChat Pay allows users to pay for goods and services using their mobile phones. To pay, all you need to do is scan a merchant’s QR code or provide your own QR code.

WeChat Pay was launched in 2013 and quickly became one of the most popular payment services in China. As of 2023, WeChat Pay has over 1.1 billion active users.

WeChat Pay offers a wide range of payment services including:

  • Payments for goods and services at shops, restaurants, hotels and other establishments;
  • Transfers between WeChat users;
  • Paying utility bills, mobile phone bills and other services;
  • Buying tickets for transport, events and other goods and services.

WeChat Pay is available in more than 40 countries around the world, including Israel. In Israel, WeChat Pay is only available for Chinese citizens.

The main advantages of WeChat Pay are:

  • Convenience and ease of use;
  • Wide payment acceptance network;
  • Security and reliability.

WeChat Pay is one of the leaders of the mobile payment market in the world. The service continues to actively develop and expand its geographical presence.

Here are some interesting facts about WeChat Pay:

  • In 2022, the volume of payments through WeChat Pay was more than $100 trillion.
  • WeChat Pay is the most popular payment service in China, accounting for about 90% of the mobile payment market.
  • WeChat Pay is available in more than 40 countries around the world, including Israel, the US, the UK, France and Germany.
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