Juno Markets Adopts WeChat Pay and AliPay, Facilitating New Client Funding

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.

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Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term 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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry, with brokers such as FXTM, FXOpen, and Fortex already starting to incorporate WeChat’s automated systems into their respective operations.

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.