#TENCENT WECHAT PAY 800M CODE#
#TENCENT WECHAT PAY 800M OFFLINE#

Feeling the pressure, Tencent halted new WeChat registrations later that month.

In July, ChinaвЂ™s State Administration for Market Regulation (SAMR) officially rejected the proposed merger of HUYA Inc and DouYu International Holdings вЂ“ two video game live-streaming platforms backed by Tencent. Since mid-2021, China has embarked on an anti-monopoly crackdown, reining in anti-competitive behaviour among the countryвЂ™s tech behemoths. However, even as Tencent does its utmost to appease Beijing and conform to its regulatory demands, the Chinese tech powerhouse has the potential of joining Apple, Microsoft and newest member Tesla in the exclusive club. With a current stock price of around HKD 460, Tencent is far off the HKD 809 mark it needs to qualify as a trillion-dollar-club member. The nosedive is a considerable feat, considering Tencent was on the verge of becoming a trillion-dollar company at the beginning of 2021.

Tencent currently ranks 11th among the worldвЂ™s biggest companies in terms of market cap, leaving China with no representation in the top 10. Learn how your comment data is processed.Once one of the largest companies in the world, Tencent has drastically fallen down the ranks as China amped up its regulatory crackdown over the past few months.

#TENCENT WECHAT PAY 800M OFFLINE#

Poshu Yeung, vice president of Tencent International Business Group, said that WeChat would вЂњcontinue to work closely with local regulators and merchants to introduce different payment features and scenarios for both online and offline transactions in Malaysia, which is also aligned with Bank Negara Malaysia (BNM)вЂ™s move towards a cashless society.вЂќ Wallet balance withdrawal: WeChat Pay MY users can withdraw the amount of money stored in their WeChat Pay MY accounts at any time to their own bank accounts in Malaysia (with a limit of RM 4,500 per day and RM10,000 per calendar month). Prepaid top-up: WeChat Pay MY enables users to top up their mobile prepaid cards with nine Malaysian telco carriers including Altel, Celcom, Digi, Friendi, Maxis, Merchantrade, Tune Talk, U Mobile and XOX.Д«us and airline ticket purchase: Within the WeChat app, WeChat Pay MY users can plan their trips by purchasing bus and airline tickets, with the option of selecting their seats through a third-party bus and airline ticket service provider. There are two types of Money Packets: Individual Money Packet (limited to RM200 per transaction) and Group Money Packet (limited to RM1,500 per transaction). Money Packet: a social payment function that enables WeChat Pay MY users to make payments or transfer money instantly without any charges. Each WeChat account can be bound to more than one debit card, while the same debit card can only be bound to one WeChat account. KK Super Mart is the first chain store in Malaysia to accept WeChat Pay MY.Дebit card binding: users can choose to top up their wallet balance by binding their Mastercard or Visa debit cards issued by banks in Malaysia.

#TENCENT WECHAT PAY 800M CODE#

Quick Pay:В Users show the QR code for the merchant to scan, and enter the payment pin to complete the transaction. Some of WeChat Pay MYвЂ™s key features include: WeChat Pay MY enables users to make payment and transfer money in Malaysian Ringgit (RM) within the WeChat app across a variety of daily online and offline payment needs, from transferring money to individuals to paying merchants such as telecom carriers, airline and bus ticket providers, restaurants, supermarkets, and chain stores. WeChat has announced its launch of WeChat Pay MY in Malaysia, and names KK Super Mart as the first chain store in Malaysia to accept it as a payment option.

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