Is WeChat Pay considered a mobile money system? When I was traveling in China four months ago, I owed my friend in China 10,000 RMB. My friend in Canada sent me the amount in RMB through WeChat Pay, and I promptly paid my friend in China. The entire process was completed within a few minutes while I was still in China. If I were to send the money from Canada via a wire transfer, it would take two business days and incur wiring fees of $50 CAD.
Is WeChat Pay considered a mobile money system? When I was traveling in China four months ago, I owed my friend in China 10,000 RMB. My friend in Canada sent me the amount in RMB through WeChat Pay, and I promptly paid my friend in China. The entire process was completed within a few minutes while I was still in China. If I were to send the money from Canada via a wire transfer, it would take two business days and incur wiring fees of $50 CAD.