Helsinki Business Hub worked with Tencent and helped the company look for potential partners in Finland. “In my opinion, for companies like Tencent, Finland and the Nordic area is a rapidly growing tourism market, and Finland is also a convenient shortcut between China and the rest of Europe,” says Service Manager Jie Guo from Avaintec. With WeChat Pay, users can make payments quickly and conveniently in their own currency by simply scanning a QR code, without having to exchange money or withdraw cash. Along with the rapid development of the Chinese economy, more and more Chinese tourists travel abroad, and WeChat Pay collaborates with local merchants to meet their needs. WeChat Pay is the leading mobile pay platform in China, with more than 800 million monthly active users and over 1 billion daily transactions on average in 2018. The Chinese also prefer smartphone payment apps while travelling abroad, and the ability to offer this option can really benefit retailers.
Mobile payment apps are already challenging cash in China, as Chinese consumers find them safer and more convenient. When Chinese visitors want to buy souvenirs for example from a Moomin Shop in Helsinki or from the Arctic Circle Tourist Information in Rovaniemi, they can now pay with a mobile application that is quick, easy and already familiar to them: WeChat Pay. WeChat Pay allows Finnish businesses to serve their Chinese customers better – and to improve their sales while doing so. Together the two companies have brought Tencent’s WeChat Pay to Finland, offering the rapidly growing number of Chinese visitors a safe, familiar and convenient way to pay for their purchases. Helsinki Business Hub supported the collaboration. Chinese internet-based technology and service company Tencent has partnered with Finnish digital signature and data management developer Avaintec.
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