WeChatPay, 58Pay and Tag Media Group merged in the Philippines to prepare for the influx of Chinese tourists
WeChatPay from China expansion has been focused on Chinese tourists abroad rather than launching local versions of the platform. Right now, there’s an ongoing orientation and training of the platform which was launch recently in the Philippines by some of the companies under Yupangco Group (Filremit, Yupangco Electronics Corporation, Manila Express, Zoomanity Group, Yamaha Music among others). Now launched as 58Pay with Bong De Ocampo and Robert Laurel Yupangco as partners and recently introduced to the public with the media at UnliCity, Century City Mall, Makati. Contract Signing between WeChatPay and Tag Media According to WeChatPay, “We focused on expanding the payments service abroad, but it has stopped short of trying to create a local version of the platform for other countries. Instead, the company has been focused on signing up merchants in many countries to accept the payment system so Chinese tourists can use the payments platform abroad and right now ...