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6 FAQs about [Tianbao Broadcasting Network WeChat Payment]
Does Alibaba's Taobao platform use Tencent's WeChat Pay?
BEIJING -- Starting Friday, consumers shopping on Alibaba's Taobao platform can now use Tencent's WeChat Pay for transactions, according to an official statement from Taobao.
Does Taobao have WeChat Pay?
Since 2021, Taobao’s subsidiary, Taote, which focuses on lower-tier markets, has made multiple attempts to implement WeChat Pay to capture these users. During the 618 shopping festival in 2021, Taote’s head of operations confirmed the company was working to integrate WeChat Pay and had applied to launch a WeChat mini program.
Does Alibaba accept WeChat Pay?
SHANGHAI, Sept 4 (Reuters) - Chinese e-commerce giant Alibaba's (9988.HK) domestic platforms Taobao and Tmall will begin accepting payments from Tencent's WeChat pay, Alibaba said in a statement on Wednesday. Alibaba is affiliated with the Jack Ma-founded Ant Group's (688688.SS) Alipay, which is WeChat's main rival for online payments in China.
What's new with WeChat Pay?
The new payment option allows users to complete purchases with WeChat Pay, and subsequent updates will enable users to access transaction records and bills directly within the WeChat app, WeChat Pay said. Additionally, Taobao and Tmall are set to officially integrate JD Logistics, with the service expected to be available by mid-October.
Does Taobao have a QR code payment system?
In 2023, Taobao tested a WeChat QR code payment system. However, the process was cumbersome, drawing criticism from users. Today, Taote users can place orders and jump directly to the WeChat Pay interface, streamlining the experience to match other third-party payment services.
Will Taobao see more WeChat users in 2020?
In 2020, WeChat data revealed that 83% of county-level users and 78% of rural users preferred WeChat Pay, compared to 76% of urban users. An investment analyst estimates that, after full integration, Taobao will likely see millions of new daily active users, especially among seniors over 55 and younger users aged 18–26.
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