WeChat Pay will begin rolling out a credit rating for their 600 million users; the credit rating uses AI to determine ‘trust’; for some time WeChat Pay has been using user data internally but this marks the first time that an external credit score will be available; the data looks at online habits alongside traditional data points from credit records; users are given payments points which coincides with higher trust; Tencent first announced credit scoring in 2018 but subsequently backpedaled citing that they needed to make improvements; Alibaba has long been using their Sesame Credit scoring system to determine creditworthiness. Finextra
