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Organizations can use third-party apps to capture WeChat conversations.
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When financial institutions adopt the application, they’ll need to consider compliance with WeChat FINRA and WeChat MiFID II data retention requirements.įirms must know how they can record and monitor WeChat messages. Thanks to the widespread use of WeChat in China, foreign firms will need to adopt the messaging app for their official business processes. Both WeChat and WeChat Work have multiple features that their respective users can fully enjoy while using the apps. The app is useful not only for communication purposes but also for bill payments and connecting with people through social media. Around 80% of all Chinese WeChat users even use the app in the workplace, resulting in its mass adoption in China.Ĭhina’s business landscape now sees widespread WeChat use as both firms and their customers see the app as a convenient communication channel. The app has recently bypassed 900 million daily active users, including many Chinese traders and bankers. WeChat is currently one of the top standalone multi-services applications in the world.
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