China’s Tencent to allow PayPal payments through its WeChat networks

Hong Kong: PayPal users will be able to make cashless payments in China using QR codes through Tencent’s WeChat Pay’s extensive merchant network, the Chinese technology giant says, in a move calibrated to attract more foreign tourists.

Apart from social media and messaging, Tencent’s WeChat offers payment services called WeChat Pay, or Weixin Pay, in mainland China.

Tencent said in a statement that the feature will be available to US-based PayPal users first, with more markets to follow.