The rapid push towards replacing cash transactions has seen Juno Markets integrate two of the most popular digital wallets, WeChat Pay and AliPay. Per the new development, Juno’s clients will be able to utilize both methods, facilitating instant deposits and funds from both wallets.
Payments options such as AliPay and WeChat have already solidified themselves as one-stop-digital-shops in China, enabling all sorts of activities, from payment transactions to broadening social networks. The move to adopt WeChat is of particular relevance to the forex industry, with brokers such as FXTM, FXOpen, and Fortex already starting to incorporate WeChat’s automated systems into their respective operations.
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Arthur Le, CEO of Juno Markets, commented on the integration: “In just over the past three years, China experienced a massive shift towards mobile payments through WeChat and Alipay. Today, more people in China connect to the internet via their mobile phones than desktops or laptops.”
Juno’s Chinese clients will be able to fund their accounts through a quick scan of a QR code. WeChat has shown itself to be an extremely potent payments and marketing tool in recent years, offering a wide range of utility for brokers and merchants.
Juno Market’s adoption of WeChat Pay and AliPay also coincides with the extension and acceptance of mobile China Unionpay. Previously, the group had relied on the desktop version of China Unionpay, though has now adopted a more mobile-friendly utility.
“It only makes sense for us to provide our clients with a mobile payment solution that they are accustomed to for all other payments in their daily lives. This is one more step towards providing a completely localized solution for traders,” he added.