Kenyan trade lobby to promote WeChat Pay to boost China-Kenya trade
Kenya National Chamber of Commerce and Industry (KNNCI), a business lobby, plans to promote the use of Chinese mobile payment service WeChat Pay in order to boost China-Kenya trade, an official said on Wednesday.
George Kiondo, deputy CEO of the KNCCI, told Xinhua in Nairobi that adoption of the mobile payment service will be an advantage given that China is a key trading partner.
“We are telling our members to use WeChat Pay because it is an affordable and convenient way to pay for imports of goods,” Kiondo said on the sidelines of a forum for the preparation of the third edition of China-Kenya Industrial Capacity Cooperation Exposition that will take place from Nov. 26 to 29.
The four-day event will bring about 83 Chinese enterprises which will showcase their latest industrial innovations.
According to the KNCCI, the use of Chinese financial technology offers numerous advantages as compared to the convention methods of international payments.
“Payment is almost on a real-time basis and this will reduce the time for concluding China and Kenya business transactions,” Kiondo said.
He observed that the Chinese business community has already embraced WeChat Pay and therefore it will improve the level of trust between Kenya and Chinese businesses.