Tag: audience

  • Tencent Revolutionizes Cross-Border Payments: Expands Remittance Services to Global Audience

    Tencent Revolutionizes Cross-Border Payments: Expands Remittance Services to Global Audience

    Tencent, the Chinese multinational conglomerate, has extended its cross-border payment service, TenPay Global, to non-Chinese citizens. This move allows overseas individuals to send money directly into China and avail themselves of WeChat-related services.

    Enhanced Access to Digital Transactions in China

    Tencent’s newly launched service, “Remit to China for Non-Chinese Citizens,” permits foreign passport holders to transfer funds directly from overseas to beneficiaries in mainland China. This expansion in Tencent’s service offerings is a significant move in making China’s highly digitalized payment ecosystem more accessible to international tourists, students, expatriates, and business travelers.

    With this service, overseas users can transfer funds to beneficiaries in China using mobile phone numbers associated with WeChat accounts. Upon receipt, the funds can be instantly used for a variety of services within the Weixin ecosystem. These include online shopping, mobile top-ups, utility payments, and other everyday transactions.

    This service is particularly beneficial for international students, workers, travelers, and expatriates in China. TenPay Global offers round-the-clock access and allows transfers to be completed within minutes.

    Strengthening Cross-Border Payment Connectivity

    This launch is part of Tencent’s broader strategy to bolster cross-border payment connectivity between China and international markets. The current TenPay Global remittance platform works in conjunction with over 60 international banks and money transfer providers, supporting transfers to China from more than 100 countries and territories worldwide.

    As cross-border mobility begins to recover across Asia, payment providers are concentrating on minimizing friction for international consumers seeking access to local payment networks.

    Tencent’s remittance service is a key component of the internationalization strategy for Weixin Pay, Tencent’s leading domestic payment platform. The company has also advanced its “Pay with Your Home E-Wallet” initiative, enabling foreign visitors to make payments in mainland China using digital wallets issued in their home markets.

    With over 40 global wallet providers, TenPay Global currently has 36 e-wallets from 13 countries and regions connected to Weixin Pay’s network.

    Tencent’s expansion is indicative of the ongoing efforts by Chinese tech companies to merge domestic payment platforms with international financial networks, simplifying transactions within China’s predominantly cashless economy for foreign users. This initiative also strengthens WeChat’s position as a hub for both payments and everyday digital services, extending its reach to a rapidly growing international customer base.

    Questions & Answers

    What services does Tencent’s “Remit to China for Non-Chinese Citizens” allow?

    The service enables foreign passport holders to transfer funds directly from overseas to recipients in mainland China. The funds can then be used for various services within the Weixin ecosystem, like online shopping, mobile top-ups, and utility payments.

    What initiative has Tencent expanded apart from the remittance service?

    Tencent has also expanded its “Pay with Your Home E-Wallet” initiative, which allows overseas visitors to make payments in mainland China using digital wallets issued in their home markets.

    Which countries and regions are connected to Weixin Pay’s network?

    Currently, 36 e-wallets from 13 countries and regions, including the United States, Singapore, Vietnam, Laos, and Mongolia, are connected to Weixin Pay’s network.

  • How Can Your Business Reach A Larger Audience?

    How Can Your Business Reach A Larger Audience?

    Every business out there wants to reach a larger audience as it adds value to a company and helps to maximize profits. It is one of the ways by which businesses can increase their profits easily. Reaching a larger audience isn’t easy because you not only have to keep in touch with your already existing customers and provide them value but also provide value to potential customers. 

    Reaching a larger audience is all about playing your cards right and employing different techniques and strategies that will help you in achieving this goal. Mentioned below are some of the ways that can help your business reach a larger audience:

    Analyze Your Target Audience

    The first thing that you have to do in order to reach a larger audience is to analyze your audience first. This includes analyzing the age, occupation, and interests of your audience. After you have made an analysis of your audience, you would have to come up with different marketing tactics.

    After analysis, it is important to understand how you can attract your customers. If your audience involves both young and older people then you would have to come up with different marketing strategies because what might work for younger customers might not work for older customers. 

    Remember that while analyzing your target audience, you should never target everyone because not everyone will become your customer but you should reach out to as many people as possible to gather more data as it will help to get a better analysis report.

    Come Up With Unique Marketing Tactics

    The next way by which you can reach a larger audience is by adopting new marketing techniques and tactics that your competitors haven’t yet adopted. Every year new marketing tactics and techniques are developed due to new social media platforms. We are seeing new marketing techniques that are employed on different social platforms like Facebook, Instagram, TikTok, Omegle, etc. If your target audience consists mostly of the younger generation then social media is a great way to target them as you would find them more on social media platforms.

    But social media marketing has become so popular that everyone is using it. So how can you beat your competitors? Well, you can come up with unique strategies such as creating unique content for your social media handles that your competitors aren’t doing and coming up with a unique way that increases the user engagement with your social media handles. 

    Social media marketing is just one of the various ways to reach a larger audience. You can do your research and come up with unique ways of marketing that are not being used in your industry as it will help you to beat your competitors.

    Work With Social Media Influencers

    Another way of reaching a larger audience is working with social media influencers. Social media has actually become a very big deal and you can utilize the power of social media influencers to easily reach out to a larger audience. It is a widely used digital marketing technique where businesses pair up with influencers and ask them to promote their products or brand. It is an effective way of creating brand awareness, generating qualified leads, and converting those leads into sales.

    Although it is considered a bit expensive method of marketing, it has proven to be highly impactful. Keep in mind that before pairing up with an influencer, it is suggested that you determine the ROI of the influencer which can be hard to find but is not impossible. You can execute and manage your influencer marketing campaign on different social platforms like Instagram, Snapchat, Ometv, etc to reach a wider and larger audience.

    Run Giveaways And Organize Competitions

    Running giveaways and hosting competitions is also a way to reach a larger audience. Mostly online giveaways and competitions are known to be effective in creating brand awareness and boosting brand visibility, although a giveaway or competition doesn’t just have to be online, you can run offline fun competitions and giveaways too.

    Online giveaways will help create brand awareness for your business on the internet while offline competitions will help you to create a name for your brand in the local community where your business is based. Organizing giveaways and competitions give a huge boost to the visibility of your brand as it is exposed to more and more people.

     

  • Verizon Media unveils Hong Kong expansion plans

    Verizon Media unveils Hong Kong expansion plans

    Verizon Media has announced an aggressive expansion program for Hong Kong for the next 180 days and the year ahead, including the expansion of its Yahoo Studio in the market.

    The studio will be equipped with audio-visual production equipment for creating HD videos with virtual settings and advanced motion capture capabilities to deliver broadcaster grade production.

    The studio produces Yahoo TV live programs including celebrity talk shows and Engadget Updates.

    “The new studio can unleash video creativity, enabling us to produce more live programs, HD videos with 3D virtual settings, and e-commerce shows,” said Lorraine Cheung, head of audience at Verizon Media. Live programs include finance, tech, lifestyle, and entertainment programs.

    Cheung said the company will unveil its first virtual character this July. The virtual character will not only be a Yahoo KOL but also a co-host of Yahoo’s homegrown TV programs. “The character aims to enhance overall user experience via more fun interaction, turning media into a two-way conversation.”

    In addition, Verizon Media is bringing its new Yahoo Rewards membership program to Hong Kong. The program will allow users to earn points with their daily online engagement such as polling, following groups, e-shopping, and content consumption on Yahoo App.

    The company plans to roll out a Good Deeds Good Life campaign to the app, which will allow users to earn points by engaging in social causes that benefit the community.

    Verizon Media recently unveiled a first-of-its-kind virtual reality advertising offering for demand-side platform users, which aims to help advertisers seamlessly extend existing display and video assets into VR environments.

    “We see huge potential in AR and VR technology on improving engagement of ad and branded content. Our focus is to introduce the technology and facilitate the market adoption.” Verizon Media Hong Kong senior director for APAC ad creative technology Roger Li said.

    Verizon Media, a division of Verizon, was renamed from Oath in 2019. “The purpose of Verizon Media is to transform how people stay informed and entertained, communicate, and transact,” said Rico Chan, managing director of Verizon Media Hong Kong, Japan and INSEA. “The company’s priorities include growing our member-centric ecosystem, building brands B2B customers love and trust, as well as videofy our brands and platforms.”