![]() ![]() If the settlement payment to merchant is less than USD $800 (or its equivalent in other currencies) in any settlement period, such settlement payment will not be remitted to merchant and will be accrued to the next settlement period. The minimum amount of transfer to merchant by Tencent is USD $800 (or its equivalent in other currencies). Tencent reserves the right to final interpretation and refusal of account creation. Primary business contacts and legal representativesĪll businesses must comply with all the applicable laws and in accordance with WeChat Pay requirements.Identification documentation of all directors. ![]() Regardless of whether you’re setting up WeChat Pay through option 1 or 2, there are several requirements you must meet and documents you must provide: WeChat Pay will take 1-2% commission on all transactions.The minimum cash-out amount is USD $800 (or its equivalent in other currencies).The refund options are limited you will only be able to provide a refund if the amount of the incoming transactions on that day is greater than the refund amount.It usually takes around 2-4 months to setup your WeChat Pay account through Tencent directly. ![]() Any payments you receive will settle directly from Tencent’s bank account to your company account. This collaboration further expands the application of mobile payments in the UAE, allowing Chinese tourists to enjoy the same convenient mobile payment experience as in China when traveling to the UAE.Brands can setup WeChat Pay directly through Tencent on the WeChat Pay website. Jeff Hu, General Manager, WeChat Pay EMEA said, “WeChat Pay has always been committed to providing safe and convenient payment experiences for Chinese tourists. He added, “This partnership is in line with Network’s commitment to boost the UAE’s payment ecosystem by making new payment methods available to UAE merchants through collaborations with prominent international businesses.” Network has enabled WeChat Pay at over 5,000 terminals across the UAE and we look forward to covering our entire network soon.” The UAE is among the top travel destinations for Chinese visitors and the availability of a trusted and familiar payment option at popular shopping establishments will enable Chinese shoppers to make payments seamlessly. Pankaj Kundra, Group Head of Products, Partnerships and Enterprises at Network International, said, “We are delighted to offer Chinese customers their preferred payment method, WeChat Pay, across POS terminals at leading merchant outlets in the country. ![]() WeChat Pay offers immense opportunities for the UAE’s retail and hospitality sectors amidst the resurgence of Chinese visitors. Data from Dubai Economy and Tourism (DET) indicates that the number of Chinese visitors to Dubai reached 177,000 in 2022, up 131 per cent from 2021.īeing the UAE’s largest merchant acquirer, Network has over 200,000 POS terminals across thousands of merchants spread over sectors including high-end retail, hospitality, transport, and supermarkets among others, that stand to benefit from this unique acceptance method. Over the past decade, China has ranked among the top-five source markets for Dubai. The UAE’s tourism sector has made a strong comeback putting the country on track to become the world's most visited international destination by the end of 2023. The addition of WeChat Pay to Network’s acceptance offerings is in line with the company’s commitment to position itself as a differentiator by continuously making new and relevant propositions available to merchant partners to meet the needs of their customers. Network is in the process of activating WeChat Pay in all its Android-powered terminals. WeChat Pay is currently accepted at 5,000 Network payment terminals across the UAE – including in over 400 outlets at prominent malls within Dubai forming part of Network’s extensive merchant partner ecosystem. Over 400 merchants across shopping malls now accepting WeChat Payīuilding on its long-term partnership with Tencent Holdings Limited, the official developer of WeChat, Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, is offering WeChat Pay acceptance on its POS terminals across the UAE enabling Chinese visitors to transact seamlessly, safely and securely via their WeChat Pay mobile wallet.Seamless, convenient and secure payment experience for Chinese shoppers.Network among first payments providers to offer WeChat Pay acceptance in UAE. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |