China’s online-payment behemoths are moving deeper into Japan.
Tencent’s WeChat Pay said Tuesday it is partnering with Tokyo-based chat app Line to offer mobile payment services for small Japanese retailers. Alibaba, meanwhile, recently announced a tie-up with Yahoo Japan and Softbank Group for a rival service.
The Tencent-Line partnership will equip Japanese merchants with an integrated system that combines Line Pay and WeChat Pay, facilitating shopping by both local buyers and Chinese tourists.
WeChat Pay and Alipay are rapidly expanding overseas, paving the way for easy shooting for the hordes of outbound Chinese tourists. Both digital payment tools now have presence in markets including Japan, the U.S. and Europe.
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