Tencent Sees Payments Growth Driven by Merchant Adoption

Chinese conglomerate Tencent missed the mark overall in the fourth quarter of 2018, but its WeChat Pay showed significant growth, particularly as the number of merchants actively transacting on the platform was up 80% year-over-year. WeChat and its local version, Weixin, reached about 1.1 billion monthly active users, driven in part by the platform’s payment …Read More