LONDON, Nov. 17, 2019 /PRNewswire/ -- On November 14, WeChat Pay was revealed as the
people's choice for the Harnessing the Winds of Change Award at the
London Business School Real Innovation Awards 2019. Since its
launch in 2013, WeChat Pay has swiftly become the undoubted leader
in China's mobile payment
industry. In 2019, WeChat Pay's payment transactions exceeded one
billion times per day, and its cross-border payment business has
officially entered more than 60 overseas countries and regions,
making it an excellent way for global merchants to quickly and
effectively connect with Chinese tourists.
"WeChat Pay harnesses the drive of China's thriving digital economy, transforming
not only the convenience of the online payment experience, but also
by optimising in-person payment scenarios," explained WeChat Pay
Senior Director Dave Fan. "We will
continue working with our global partners to extend our convenient
payment experience overseas, so that global businesses may share
the dividends of China's growing
outbound travel market, and we will endeavour to contribute even
more to the innovation of the global payment industry."
The people's choice winner was chosen via public ballot,
demonstrating the wide recognition of WeChat Pay's innovations in
the payment industry. Originally a social app, WeChat garnered a
massive user base through continuously improving and optimising its
features, enabling people to send voice, image and video messages
and connect with friends. Building on this consumer-centricity,
WeChat Pay has gradually penetrated every aspect of people's lives,
connecting users with businesses via WeChat Mini Programs, WeChat
Coupons, and a range of other functions both online and offline.
Users can enjoy convenient services whenever they need, and even
use facial recognition to pay from their WeChat account when they
forget to bring their mobile phone, while merchants can improve
their management efficiency and discover new possibilities for
delivering innovative services.