Tencent starts second payment app on mobile service
By Meng Jing | China Daily | Updated: 2014-03-22 07:40
Tencent Holdings Ltd, China's largest publicly traded Internet company by market capitalization has integrated a payment function into its mobile QQ, a dominant messaging application.
Tencent said in a news release on Friday that users of mobile QQ are able to use the app as an "e-wallet" that can connect with their debit cards and their accounts on Tenpay, the e-payment arm of Tencent, to make online purchases.
Apart from allowing people to pay through mobile QQ, Tencent will also invite some of its business partners, such as Dianping.com, a group-buying site in which it has invested, to use the platform so that people will be able to directly purchase services such as restaurant-booking and taxi-booking.
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