All vendors on Taobao and Tmall will be able to add WeChat Pay to their fund collecting options soon, as they face increasing market competition, according to market sources.
The latest edition of the HSBC Smarter Business Series explores the importance of flexible, transparent and scalable digital payments and collection solutions to enable online retailers to differentiate themselves in an increasingly competitive landscape.
Visa-owned Currencycloud is working to expand its client base in China. In a discussion with CT, Rohit Narang, leader of the firm’s Cross-Border Solutions, highlighted the markets’ significant growth potential.
Rapid growth in cross-border commerce coupled with unexpected supply chain shocks has made it more pressing than ever for treasurers to strengthen their payments schemes.