Wyre Launches B2B Payments Chatbot For China PYMNTS.com

The U.S.-based company said Wednesday (May 24) that it is launching a chatbot that links to Facebook in the U.S. and WeChat in China to facilitate B2B payments. "WeChat is everything in China. Email is somewhat outdated," Wyre CEO Michael Dunworth said. "WeChat has 1.1 billion accounts with over 750 million daily active users, so everyone in China uses WeChat, but everyone in the West uses Facebook and email." Taking advantage of the popularity of both platforms means Wyre is looking to gain a larger share of the cross-border B2B payments space.