million users
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WeChat is a semi-wallet that forwards money to bank accounts and credit cards without pre-depositing.
Released by Tencent in 2011, the app WeChat is used by millions for communication and payments. Chinese users link their checking account or credit card to the app. After confirming a payment, the amount is deducted from the consumer's WeChat Pay balance and the transaction appears in your book balance like other payment options.
If you have activated WeChat, our payment option generates a QR code that reflects on the payment screen of your checkout or webshop during the checkout of your transaction. Your customer simply scans the QR code and settles his transaction directly.
"WeChat Pay is also the ideal payment method for Merchants in places where many tourists visit. Think of events, theaters and amusement parks, but also high-end fashion retailers or souvenir shops."
Why WeChat?
WeChat Quick Pay is WeChat's in-person payment method that only requires scanning a barcode from the consumer's phone screen.
A regular payment from China may cost a business owner more than 3% because of interchange fees and crossborder surcharges. Because the actual transaction takes place within the wallet, costs are significantly reduced.
WeChat facilitates payments for more than 10 million Chinese tourists who visit the EU each year.
Released by our contract partner Tencent in 2011, the WeChat App has been installed by millions of end users for online communication purposes and payments.
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