Alibaba and Tencent in Japan to standardize QR payment

16/05/2019

 

The two Chinese giants will join a project carried out with Line, Mercari and NTT Docomo

 

Chinese technology giants Alibaba and Tencent are among the five Internet companies that will help Japan standardize QR code payment. Other companies participating in this project include the Japanese messaging service Line, the Mercari e-commerce platform and the mobile phone operator NTT Docomo.

 

Alipay and WeChat Pay, for some years now, have been present in the Japan payment circuit

 

Mobile payment has become increasingly popular in Japan, although it remains very fragmented. There are, in fact, more than a dozen payment service providers in space, each with their own QR code standard.

Alipay and WeChat Pay, two of the most used mobile payment apps in China, are not totally new to the Japanese market. In November, in fact, Tencent has partnered with Line in an attempt to expand the reach of WeChat Pay in Japan. Similarly, Alibaba joined Yahoo last year to increase its presence in the country.

 

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