WeChat Pay is coming to the US

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WeChat Pay is growing at an exponential speed even though is a relative latecomer in the mobile payment market. With the backing of China’s largest social networking app WeChat, which now claims more than 889 million monthly active users globally, it comes in a close second to China’s first-mover. Now, its operator Tencent is going to take this service to the US through a partnership with Silicon Valley-based mobile payment startup CITCON. Soon, WeChat users in the US will be able to enjoy the same cashless experiences as they do in China, with the payment tool even supporting RMB settlement. Despite its popularity in China, WeChat is having a tough time expanding overseas despite huge investments in promotions.  So, this service will first target Chinese tourists who are traveling in the US, an increasingly popular tourism destination for Chi ………………………………