Wechat to charge withdrawal fee

Tencent Inc, owner of China’s most popular mobile phone social app WeChat, has announced that it will charge fees for withdrawing money from the app’s “wallet” from March 1.

Users will have a withdrawal quota of 1,000 yuan, about 150 U.S. dollars.

Withdrawals will incur fees not less than 0.1 yuan when the quota is used up. Other forms of payment and money transfers will remain free.

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