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WeChat Pay Transactions Surge 20% YoY in National Day Holiday; Cross-Border Transactions Up 68%+
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According to the "2024 National Day Holiday Data Report" released recently by WeChat, the total number of transactions on TENCENT's (00700.HK) (TCEHY.US) payment platform WeChat Pay surged 20% YoY. When compared to the week before the holiday, transactions in the travel-related sectors nearly doubled, while lifestyle and entertainment transactions grew nearly 30%.

During the period, WeChat cross-border transactions surged more than 70% compared to the week before the holiday, marking a YoY increase of over 68%. The number of WeChat cross-border transactions in Hong Kong and Macau more than doubled compared to the week before the holiday, marking a YoY rise of over 40%.

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