WeChat teams up with U.S. mobile payments startup

Business & Technology

A summary of today’s top news in Chinese business and technology. Part of the daily SupChina news roundup "The Kushner visa program — apply in Beijing or Shanghai."

FILE PHOTO: Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier/File Photo - RTX2YBYD

Caixin reports (paywall) that a Silicon Valley startup called Citcon is bringing Chinese mobile payments to North America, first through an agreement with Alipay in February, as well as through an agreement with Tencent, the owner of the messaging app WeChat. WeChat and Alipay are the two largest mobile payment platforms in China, and users — particularly Chinese tourists in the U.S. — now have the convenience of paying at select stores using the Chinese mobile apps they are already familiar with. Read more on SupChina about the ongoing “payments war” between WeChat and Alipay.