With over 900 million active monthly users worldwide, WeChat Pay is the biggest eWallet solution provider globally and commands superiority when it comes to partners and merchants it works with. Who wouldn’t want to tap into that huge base and advance technology the company offers. Since launching a few days back, parent company Tencent has been busy with business and is now known that Hong Leong Bank will the first bank in Malaysia to be approved as a local WeChat Pay Master Merchant Acquirer.
Basically meaning, the bank will be tasked to enable merchants and individual to transact with the mobile wallet system in the country in Ringgit, incidentally we are to be the first country, outside of China and Hong Kong, to be able to make payments in local currency.
For a start, HLB Customers can already pay for their transactions in local currency at WeChat shops and platforms as well as third party services such as Garena, music from Joox and for local telco mobile prepaid top-ups. Expanding on this consumers will soon be able to transact at other enabled merchants namely Giant, Resorts World Genting, MyNews and GSC.