11/18/2023 0 Comments Android launch wechat paymentHowever after close to one year of operations in China, Apple Pay has failed to become a genuine threat to the dominance of Alibaba’s Alipay and Tencent-backed Tenpay - which is embedded in dominant chat app WeChat Pay - the two leading payment services. More than 30 million bankcards were added to Apple Pay during the first day of its official launch. Things seemed to get off to a good start. When Apple Pay first landed in the Middle Kingdom in May 2016, the smartphone giant was expected to make a serious dent in China’s highly consolidated mobile payment market. However, to date it has received a lukewarm - or perhaps even cold - reception in China, the planet’s largest market for mobile payments. Someday in the near future when WeChat electronic identity card gets approved by the government, WeChat would truly become a all-in-one App.Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China.Īfter a slow start, Apple Pay is now dominating its home country, the United States, but the same can’t be said of China where it is up against a different set of challenges.ĭata from Boston Retail Partners shows that Apple Pay is now accepted by 36 percent of merchants in the U.S., thus making it one of the most widely available mobile payment methods in the country. In the meanwhile, this news sheds light on the evolution process of WeChat, starting as a messaging App to now literally a ‘lifestyle App’ where people share memories on Moments space, make payments with their WeChat pocket, companies and organizations run their own official account to communicate with the public, brands do marketing and sales on their WeChat marketplace, and developers create new Apps, through recently released mini programs (小程序). However, by technological breakthroughs of ways to authenticate the individual and guarantee the security of the exchange process, concerns were gradually solved and mobile payments are now used everywhere all the time. Aft first, there were security concerns, even more sensitive as money is involved. Think of how credit cards came into smartphone mobile apps. This can bring severe security issues regarding the individual’s identity information.ĭespite these seemingly significant problems, the idea of electronic identification card itself does not sound unplausible. In these cases, our identity cards right inside the WeChat accounts are not safe either. Sometimes, we lose our phones and our WeChat accounts get lost or hacked. Before receiving the approval at a national scale, the usage of this electronic card is limited to inside Naning city. This has not yet been authorized by the national public security system. WeChat plans to extend the implementation of this technology to other cities and hopefully, to the whole country. Using electronic identity card, users can easily manage hotel check-ins, security check in the airports, and so on. Nanning citizens can go to the official account of Naning Police Service inside WeChat, enter identification information, and upload front and back photos of their physical identification cards. The procedure to ‘electronize’ identity card is quite simple. Through this agreement, Nanning citizens can use their electronic identity card on WeChat inside the Nanning city. On November 3rd, Nanning Municipal Bureau of Public Security had signed a strategic cooperation agreement with Tencent, the mother company of WeChat. This means that people don’t have to keep the physical identity card with them all the time and can simply show the electronic identity cards on Alipay/WeChat App to authenticate their identities. In the near future, people can bring literally nothing, but their smartphones with them when going outside.Īlipay and WeChat, two of the most widely-used Apps in China, have recently implemented an electronic identity card function on their App.
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