These payments are flagged for investigation to prevent fraud.įrequent investigations are not strange behind the scenes of these 2 giant mobile payment companies. ![]() These can include biometric login, passwords, automatic security check and fraud alerts for suspicious payments. ![]() Very high technologies are used in order to make sure all transactions are safe and all data is protected. Security:īoth Alipay and WeChat Pay security measures are not to question. While Alipay has more complex features that make it hard for the elders to pay using Alipay. It is very simple to use for this category of consumers. It has been proved that WeChat Pay is more popular among middle-aged and older users. Merchants can create Alipay mini-programs to sell their products Merchants can give away coupons via Alipayīusinesses can be recommended to users in their Alipay APP Merchants can also create a WeChat Official Account or WeChat Mini-program to launch their marketing campaigns or to attract more visitors by creating an online community.īesides mobile payment, Alipay offers its merchants marketing services: As a result, WeChat Pay relies heavily on WeChat’s 1 billion users network who eventually became WeChat Pay’s users too. Allen Zhang, WeChat and WeChat Pay’s founder, wants his giant e-wallet to be a part of WeChat’s ecosystem, instead of being an independent App. WeChat Pay allows merchants to establish a client portfolio based on the WeChat network. They have differentiated their support for merchants. Merchant benefits:īecause of the different traits of the two e-wallets. WeChat Pay: No limit to accept payments.Ĭlients have the opportunity to shop freely with Alipay and WeChat Pay.Ĭheck out how to accept Alipay and WeChat Pay. And the maximum amount per single transaction is 25,000 € which is very high. Maximum transaction amount for Alipay and WeChat Pay: Parents pay for their son or daughter’s tuition fee abroad which can go up to ten thousands of euros. Chinese visitors scan Alipay QR code to pay for luxury cosmetics in France The client pays for a necklace in a jewelry shop It also has a very strict security system to protect the users’ data. Because it is a professional payment platform that provides more functions than WeChat Pay. When it comes to larger transactions, users prefer paying with Alipay. Game players use WeChat pay to top-up their game accounts. Clients checkout by showing his Wechat Pay QR code at the checkout in the supermarket. Consumers pay very easily with WeChat Pay in some e-commerce platforms like Jingdong. A student scans the WeChat Pay QR code in a vending machine to buy a bottle of water on campus. Interestingly, this e-wallet is more welcomed in small-medium cities in China.ĭespite the fact that Alipay and WeChat Pay can both be used to make transactions of large amounts, users prefer to pay via WeChat Pay for daily life transactions: Thus, WeChat Pay is more often used in small-scale transactions due to WeChat’s simple interface. ![]() Large transactions VS small transactions:Īlthough merchants normally accept both Alipay and WeChat Pay, when the transaction amount and the business size are small (street vendors for example), clients prefer paying with WeChat Pay. In this article, we will detail the differences between Alipay and WeChat Pay and help you know which one is more adapted to your business. Your business should do the same depending on different criteria. Users have shown different preferences on when to use Alipay and WeChat Pay. ![]() But since they are both the most popular mobile payment methods, are they totally the same? The answer is no. The majority of Chinese are the 2 Apps’ users. Alipay was launched in 2004 while its biggest competitor WeChat Pay was launched much later in 2011.Īlipay and WeChat are two necessary tools, which are installed in almost every smartphone in China. WeChat Pay and Alipay have both become the most important payment e-wallets in China now.
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