If you’re looking for an effective way to boost your business’ appeal among Chinese customers, adding WeChat Pay could be just what you need. It’s also extremely convenient because users can access WeChat Pay on all of their devices by simply logging into their account with their phone number or email address. As well as transfer money directly from their bank account. The app offers users a fast and convenient way to pay for goods and services both online and offline. WeChat Pay is one of the most popular mobile payment methods in China, and it’s easy to see why. As a result, if you want to expand your business to China or beyond, these benefits alone might make WeChat Pay worth considering into your portfolio. This level of security and trust create a sense in comfort when accepting the payment. Also generally speaking the app has had very few scandals' and is considered a low fraud risk. When you make a payment using WeChat Pay, only the last four digits of your phone number are sent over the internet in an encrypted format that cannot be deciphered by anyone else except the bank that issued your card (but even then only briefly). Secondly security is a major reason to add WeChat Pay. The market is also large in Africa, so if you are targeting that continent, WeChat Pay is a necessity. So even if your not targeting the country domestically Chinese customers are found all over the globe.
In some cases, if the merchant has an integrated terminal that supports it, you may be able to pay with just your fingerprint instead of scanning anything at all! Or even with your face like the photo below:Īs a result, the Chinese tourism industry is massive and you can target these purchasers all over the world.
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The system works like this: you scan a QR code or use your phone’s NFC chip to authorize payments when shopping at a physical store that accepts WeChat Pay. It’s the most popular online payment method in China, used by more than 1 billion people around the world. Once your balance is topped up, you spend the money using an easy-to-use interface that resembles the PayPal app’s user experience. The second is through Alipay account or by scanning a QR code at the checkout counter. Users can add money to their accounts in two ways.
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As well as make online and offline payments at various stores through QR codes. Launched in 2016, it lets users send money to friends and family via the app. WeChat Pay is a mobile payment service developed by Tencent Holdings Limited that was built into the popular messaging app WeChat.
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