The ubiquitous mobile payment service from Tencent’s “mega app” social network platform.
Benefits of WeChat Pay
WeChat Pay is a platform-native payment channel within the WeChat mega-app, which fully connects online and offline spaces in China through social networking, customer service and e-Commerce.
WeChat Pay’s Quick Pay feature expedites the end-user experience
QR Code Payments almost instant transaction processes in physical locations
Web payments within the app enable a smooth transaction process without the user leaving WeChat
In-app payments cover various types of user transactions, from one-time payments to subscriptions, upgrades, memberships, etc.
Global Merchant Advantages:
As Chinese nationals increasingly travel abroad, often for the express purpose of retail shopping, WeChat Pay provides businesses with a considerable advantage for serving the demographic. When customers make purchases using WeChat Pay, the app uses the spot exchange rate to convert local currencies to CNY. The purchase amount will be charged to the user’s WeChat account in CNY, saving them currency conversion fees and inconvenience. Connecting through a WeChat transaction also enables users to make further purchases from the vendor online once they return to China, while providing vendors a with a valuable userbase for future marketing and sales development.
RPNsecure merchants are eligible for premium services and special benefits.
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