Wechat Payment Archives

Starting Today, WeChat Pay Is Available for Payments on Taobao

According to official news from Taobao, starting from September 27th, consumers can use WeChat Pay when shopping on Taobao.

WeChat Pay Launches ‘Learn First, Pay Later’ Feature

WeChat Pay launched the 'Learn First, Pay Later' feature. As long as your WeChat Pay score exceeds 600 points, you can 'attend classes first and pay later'.

Taobao Has Opened WeChat QR Code Payment Function for Some Users

Taobao's WeChat QR code payment function is still gradually being rolled out. Currently, it is only available to some users and only certain products support this payment method.

‘WeChat Fenqi’ Is in Gray-box Testing Phase Before Launch

WeChat will launch a consumer credit product called 'WeChat Fenqi (Installment)'. Currently, the product is in a small-scale gray-box testing phase.

Tencent’s WeChat Launches Palm Print Payment Mini-Program

Tencent's versatile social media platform WeChat has recently launched a new mini-program enabling palm print payment, giving users yet another way to settle transactions in addition to passwords, fingerprints and facial recognition.

Personal Payment Reception QR Codes in China Banned for Business Use

People’s Bank of China (PBoC) previously issued a notice, stipulating that personal payment reception QR codes cannot not be used for business, but can still be used normally for non-business scenarios.

Tencent’s WeChat Pay Cooperates with Unionpay QuickPass and 10 Banks

11 institutions' apps including Unionpay QuickPass, Industrial and Commercial Bank of China, China Construction Bank, and Bank of China have all been promoting cooperation with Tencent's WeChat Pay.

Meituan App No Longer Supports Alipay

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

WeChat Unveils New Device That Allows Customers to Pay with Their Face

Chinese multi-purpose messaging app WeChat introduced a new payment device on August 27 named the “Frog Pro” at the Chongqing Smart China Expo in an effort to upgrade its offline payments.

Paypal Eyeing Chinese E-commerce Business, Strives for Payment License in China

PayPal has been negotiating incessantly with Chinese regulators for the past four years to obtain a payment license to enter the large market, as The Paper reported on August 10.

Can WeChat Payment and Alipay replicate their successes in Southeast Asia?

China has rapidly developed into the world’s long-standing leader in mobile payments. Foreigners visiting China are always surprised by the prevalence of convenient mobile payments. In recent years, Alibaba and Tencent has accelerated their overseas development, especially in Southeast Asia.

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