Industry

Meituan App No Longer Supports Alipay

Jul 30, 2020, 10:31am2020/07/30 10:31:54 Lu Zhao

Chinese food delivery and rating platform Meituan Dianping has recently removed Alibaba’s online payment platform Alipay in its app, Tech Planet reported Wednesday.

Tech Planet said some users couldn’t find Alipay on Meituan<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> while monthly payment, debit card, WeChat Pay and Apple Pay are still available.

“Why doesn’t Taobao support WeChat Pay?” Meituan<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> CEO Wang Xing responded on social media. “WeChat Pay has more active users than Alipay and lower transaction fees.”

SEE ALSO: Meituan Dianping to Launch Premium Division for Community Group Buying Services

Meituan<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> also blocked Alipay in 2016 and 2018. Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> currently holds 1.48% of Meituan<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s shares.

On May 29, Meituan<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> launched its monthly payment plan where users can “buy this month and pay next month” with a maximum interest-free period of 38 days. It also supports installment payments up to 12 months.

Meituan<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />’s revenue dropped 13% in the first quarter of 2020 due to the impact of COVID-19. The company has since launched “contactless delivery” services to reboot delivery orders during the quarantine.

Subscribe now to get unlimited access.