July 10, 2017 BY Valentina Kirilova

China payment wars heat up as WeChat Pay launches in Europe

Chinese internet giant Tencent launched its WeChat Pay payments service in Europe on Monday, challenging rival Alipay, which is owned by rival Alibaba's affiliate Ant Financial. Tencent has partnered with German payments firm Wirecard to allow European retailers to accept WeChat pay as a payment option. As CNBC reports, the move is specifically aimed at…

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