![]() Therefore, to avoid the transaction fee, users can spend online or in the offline stores. Money in the WeChat balance cannot be used to buy any WeChat financing products. They are charged a 0.1% transaction fee for withdrawing sums more than RMB¥1000 (US$153) with a minimum transaction fee of RMB¥0.1 (US$0.01). ![]() WeChat Pay charges users a fee when they make money transfers from their WeChat balance to a bank account. How the two systems deal with balances and transactions also differs Users needed to collect five Fu cards to receive lucky money from Alipay. Alipay repeated the campaign this year, setting WuFu cards. However, to attract more users, Alipay spent US$120 million by targeting 700 million Chinese TV viewers welcoming in the lunar new year on February 7 2016. When a user receives lucky money, the money is added to their WeChat balance.Īlipay was caught by surprise by WeChat’s lucky money feature, and founder Jack Ma called it a “ Pearl Harbour attack”. The person who donates lucky money can pay with either their WeChat balance or a bank card which is connected with WeChat. Tencent also claimed that 409,000 virtual “red bags” were sent as the New Year was heralded. WeChat owners Tencent announced that 420 million people used the WeChat mobile app to participate in lucky money on the first day of the Chinese New Year in 2016. A user donates a sum of money to friends in their chat group and the “red bag” is randomly divided among them. WeChat leveraged its huge communication platform user base to draw people in and share lucky money “red bags” with their friends. One specific campaign highlighted major differences between the two providers.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |