JD Pay, a subsidiary of JD-SW (09618.HK) +2.700 (+2.013%) Short selling $383.57M; Ratio 20.241% (JD.US) , and WeChat Pay, a subsidiary of TENCENT (00700.HK) 0.000 (0.000%) Short selling $1.12B; Ratio 12.629% (TCEHY.US) , jointly announced that they have achieved interoperability. JD Pay has become the first third-party payment organisation in the industry to support both WeChat personal and merchant payment codes, making it easier for both users and merchants to facilitate payments.
With more than 500 million JD Pay users and more than 1 billion WeChat Pay users, the partnership is expected to strengthen their respective positions in the mobile payment market.
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