WECHAT PAY ALIPAY SIX MORE CHINESE FULL
WECHAT PAY ALIPAY SIX MORE CHINESE CODE

Instead of looking for an ATM, we will have to look for a plug. What seems clear is that if in the near future we cannot pay in a shop or to a friend, it will not be because we do not have cash in our wallet, it will be because we do not have battery in our mobile phone. However, in the current international scenario, any option is possible. The particularities of the Asian market as well as the relationship of both companies with the Chinese executive make the international expansion of WeChat Pay and Alipay complicated. In Spain, Bizum has in its roadmap the payment in physical shops by QR, although it will have to compete with the current mobile payment systems that are already consolidated among the Spanish population. Whatsapp Pay has already been launched in some countries such as Brazil, although for the moment its functionality is limited to the payment of debts between individuals, and not in physical shops. WeChat is worked by the tech goliath Tencent, and WeChat Pay, along with its adversary Alipay (run by Alibaba), are assessed to represent 15 of China’s whole installments market. And of course, an application, WeChat, supported by the Chinese administration itself, which became indispensable in every Smartphone.Īs for other alternatives, Whatsapp is still taking small steps in the implementation of its payment platform through its mobile application. A street trade of small stands and stalls that is still part of the DNA of Chinese life. A new generation of young people who, beyond the strict control of the Chinese government, were curious about Western habits and their way of relating.

WECHAT PAY ALIPAY SIX MORE CHINESE FULL

To give you an idea, A pple Pay is available in 48 countries and has about half as many users as WeChat and Alipay (between 400 and 500 million).Īnd what was the reason for this success? The background was good: a society that was not excessively bankable, in full economic expansion and anxious to consume. Outrageous figures in both cases that show the enormous potential of the Chinese market. According to the portal, WeChat Pay has 800 million active users per month and Alipay about 1200 million, 300 million of them outside the Chinese borders. And the truth is that they did not do badly. After reversing course once on its decision, the NYSE said Wednesday it plans to move forward delisting the companies.Tencent and Alibaba therefore looked for a way to make mobile payments reach everyone regardless of their mobile phone, giving even street traders the possibility to charge for their products without the need for a POS. The Trump administration also nudged the New York Stock Exchange to delist three Chinese firms: China Mobile, China Unicom, and China Telecom. Last month, the Trump administration added dozens of Chinese firms, including drone-maker DJI and chipmaker SMIC, to the US government's entity list, an economic blacklist that places tight restrictions on the listed companies. The app bans are part of a larger Trump administration crackdown on Chinese businesses. The attepted ban on TikTok also resulted in a new, US-based TikTok business backed by US investors, including Oracle and Walmart. The attempted ban on WeChat is currently hitting legal roadblocks and is unlikely to be implemented anytime soon, while the TikTok ban has been blocked by two federal judges. Read more: While you weren't looking, everything with China went off the rails The executive order prohibits any transactions on the apps Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office, calling them a threat to 'the national security, foreign policy, and economy of the United States.' The order raises the possibility that the apps could track federal employees and 'build dossiers of personal information.'

President Donald Trump signed an executive order Tuesday banning Alipay, WeChat Pay, and six other Chinese apps, calling them a threat to national security. Visit Business Insider's homepage for more stories. The latest ban follows earlier Trump administration bans of the apps WeChat and TikTok, neither of which has gone into effect. The order will go into effect 45 days after it's signed, which will be after Trump has left office. The order raises the possibility that the apps could track Federal employees and 'build dossiers of personal information,' calling the apps a threat to 'the national security, foreign policy, and economy of the United States.' President Donald Trump has signed an executive order banning Alipay, WeChat Pay, and six other Chinese apps. Guo Chen/Xinhua via Getty) (Xinhua/Guo Chen via Getty Images

WECHAT PAY ALIPAY SIX MORE CHINESE CODE

A staff member scans a QR code from a customer's Alipay app at Julius Meinl, a coffee shop in Vienna, Austria, in January 2020.

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