British payments technology provider SafeCharge has joined forces with China’s Tencent Holdings to tap into mobile text and voice messaging app WeChat’s growing customer base.

Under the partnership, SafeCharge will add WeChat Pay into its payments platform, allowing both online and brick and mortar retailers in Europe to accept this Chinese payment method in their own or local currency.

SafeCharge CEO David Avgi said: “By making WeChat pay available for retailers both online and in store, we demonstrate again our commitment to serve the world’s most demanding merchants looking for a strong global omni-channel payment solution.”

Tencent Holdings vice president said: “This agreement with SafeCharge enables online merchants to offer Chinese visitors to Europe the opportunity to pay quickly and easily with their preferred payment method.

“Smoothing the payment experience and reducing the trouble of forex exchange means that European brands become far more accessible to Chinese tourists.”

As of December 2016, WeChat had over 600 million monthly active user accounts in China.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.