Chinese Payment Service WeChat Pay Now Available in Russia

WeChat Pay, a Chinese payment service, is now available in Russia, the Vedomosti newspaper reports. As the Chairman of the Board of the Sendy company (a WeChat Pay’s Russian partner) Igor Klyuchnikov said, the service is aimed at serving the Chinese who come to Russia: as of this moment, only Chinese citizens can use WeChat Pay. The number of WeChat Pay users in the Russian Federation is not specified. 

WeChat Pay enables you to make purchases using an app for smartphones. The service is based on the WeChat messenger, which is popular among the Chinese. To pay, you are to scan a QR code generated by the system. The first points of sale began to accept WeChat Pay in January – it is available in such stores as Russian Amber in Saint Petersburg. “We are now arranging to make it available in stores which Chinese tourists visit often”, Klyuchnikov said.

PayRing payment rings can now be purchased at Moscow Credit Bank offices
PayRing payment rings can now be purchased at Moscow Credit Bank offices. “You will not slow down the line while fumbling around in your bag for the purse or card: the line will slow down itself to take a look at how easily you are paying with your ring.
In 2017, the Russian IT market grew by nearly 21% and exceeded $5 bln, the International Data Corporation (IDC) research company reports
Last year, the market reversed to growing, and its expansion is expected to be stimulated by the Digital Economy national program, analysts forecast.
The IT Department of Moscow Forecasts Increase in Muscovites’ Expenditure on Digital Devices
In 2017, Moscow citizens spent 2% of total household income on digital devices, or 38,000 roubles a year, the IT Department of Moscow reports.