WeChat Pay
Redefining Mobile Payments within China's Social EcosystemWeChat Pay is a mobile payment and digital wallet service integrated into WeChat, China’s multifunctional social media and messaging app. Developed by Tencent, WeChat Pay seamlessly blends social interaction with financial transactions, enabling users to make payments, transfer funds, and access a range of financial services within the same platform.
-
Country
China
-
Population
Approximately 1.42 billion (as of 2023)
-
Smartphone Penetration
Over 60% of the population
-
Usage of Mobile Payment Apps in China
WeChat Pay, Alipay, UnionPay (credit and debit cards)
-
WeChat Pay
40%
-
Alipay
54%
-
UnionPay
5%
-
Others
1%
- Type:Mobile Payment & Digital Wallet Integrated with Social Media
- Currency:Chinese Yuan (CNY) and other supported currencies
- % of coverage:Extensive reach due to WeChat's popularity and integration
- Refunds:Subject to the policies of partnering merchants and financial institutions
- Chargebacks: Possible through collaborating banks, subject to terms and conditions
Pricing request
Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.