Magnati makes WeChat Pay available to merchants and customers in the UAE

Abu Dhabi, 18 September 2023: Magnati, a leader in the payment solution industry in the MENA region, today announced its partnership with WeChat Pay, a mobile payment service by Tencent Holdings Limited. This collaboration will enable merchants in the UAE to accept WeChat Pay payments, offering customers a convenient and secure way to pay.

Magnati makes WeChat Pay available to merchants and customers in the UAE

WeChat Pay, a widely used platform with users worldwide, offers a variety of payment features, both in stores and online, as well as easy money transfers and bill payments. Through this partnership, Magnati is expanding its range of payment solutions and offering merchants in the UAE access to a broader customer base. Magnati will seamlessly integrate WeChat Pay into its payment ecosystem, making it easy for businesses to accept WeChat Pay payments on their Point of Sale Terminal (POS). The integration of WeChat pay will enhance the shopping and payment experience for Chinese tourists, providing them with a sense of familiarity and convenience.

As the UAE stands as a prime shopping hub for global travelers, this partnership aligns with the ongoing influx of Chinese visitors, ensuring that they enjoy a shopping experience similar to what they are accustomed to in their home country. Offering WeChat Pay under the Magnati Value Added Services Portfolio contributes to Magnati’s overall goal of offering a comprehensive one-stop solution for everyone.

Ramana Kumar, Chief Executive Officer of Magnati, said: “At Magnati, we are constantly looking for innovative ways to meet the evolving needs of our customers and simplify the payments process for them. Partnering with WeChat Pay is a significant step forward in achieving this goal. We believe this partnership will not only make payments more convenient but also bring added value to our customers’ daily lives.”

Jeff Hu, General Manager, WeChat Pay EMEA, said: “WeChat Pay has consistently been committed to offer secure and hassle-free payment experiences for Chinese travelers. This partnership enables Chinese tourists to have a seamless mobile payment experience similar to what they enjoy in China while visiting the UAE.”

The partnership between Magnati and WeChat Pay offers numerous benefits to customers. With the user-friendly mobile app of WeChat, customers can make payments quickly and hassle-free. WeChat Pay’s extensive user base means that customers can use their preferred payment method in more places worldwide.

This partnership aligns with Magnati’s commitment to innovation and customer-centric solutions. The company’s dedication to providing cutting-edge payment options has made it a trusted partner for businesses worldwide.

About Magnati

Magnati is a regional leader in the payment solutions industry focused on direct acquiring, issuer processing and acquiring processing.

Magnati provides government, merchant and institutional clients with an intelligent payments platform, using next generation technology to deliver improved experiences and increased efficiency. The Magnati brand is charged with energy and potential and is set to transform payments into possibilities.

Headquartered in Abu Dhabi, Magnati’s expertise and relationships provide a platform for Magnati to attract international partners, while setting a new standard for innovation and delivery in the payments industry.

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About WeChat

Launched in January 2011, WeChat is one of the most popular social platform in China and empowers users in fun and dynamic ways, bringing together messaging, infotainment and payment in one seamless, interactive experience. WeChat provides a platform for users to share content as well as for merchants to engage with and grow their community through key features such as Moments, Official Accounts, mini programs and Pay. As of June 2023, the combined monthly active user number of Weixin and its international version WeChat exceeded 1.327 billion.

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