Tencent applies for licence to offer local payment services in M'sia via WeChat Pay
HONG KONG (July 11): Tencent Holdings Ltd has applied for a licence in Malaysia to offer local payment services via its WeChat Pay, in what would be a first for the platform outside of China, the director of WeChat Pay's global operation told Reuters.
If approved, users in Malaysia will be able to link their local bank accounts to WeChat Pay and pay for goods and services in ringgit.
"Malaysia has a large Chinese community," Grace Yin said on the sidelines of a Hong Kong technology conference, explaining Tencent's choice of test bed.
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