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Chongqing Taps Tencent for Smart City Mobile Payment Services, 8/20/17

The Chongqing Municipal Economic and Information Technology Committee and Chinese internet and mobile services firm Tencent (0700.HK) have signed a strategic cooperation agreement that will see both parties jointly construct a smart city mobile payment platform covering such fields as business, education, government affairs and welfare, community development, medicine, and transportation.

Transport: According to Tencent, users will initially be able to use Tencent's (0700.HK) WeChat mobile messaging app to pay for bus fare on 15 buses running on 2 lines selected for the first-phase trial. Subsequently, WeChat support will be added for all public buses, subways, long-distance coaches, and even highway toll-booths in Chongqing.

Medical treatment: Residents of Chongqing will be able to be able to use WeChat to make appointments at all major hospitals in the city, complete consultation payments, receive medical reports, and even make mobile payments for both health insurance and co-pay fees.

Miscellaneous services: The Chongqing Public Security Exit-Entry Department has launched a WeChat payment system, consisting of a comprehensive management system covering voucher use, distribution, billing, point-of-service (POS) credit card swiping, charge confirmation, and account verification and reimbursement. It is also reported that areas such as tuition, transportation, and civil affairs will also soon support WeChat pay functionality.

Tourism shopping: Tencent will coordinate with related partners in the ecosystem to actively participate in the establishment of mobile payment for Chongqing's shopping districts and scenic spots.

Keywords: wireless Tencent mobile payment 0700.HK WeChat smart city WeChat Pay

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