Sage-Tips

What country uses AliPay and WeChat almost exclusively for mobile payments?

Around one-third of consumer payments in China are now cashless, and three-fourths of Chinese smartphone users made a mobile point-of-sale purchase in 2017 (compared with one-fourth of American users). This is almost exclusively thanks to AliPay and WeChatPay.

Does WeChat Pay HK work in China?

WeChat Pay has presence in China, Hong Kong, Malaysia and South Africa but WeChat Pay’s wallet in each of those supported countries are independent. You might be able to send money to a WeChat Pay user in another country but it will remain in the original currency without the possibility to convert it.

What is the difference between WeChat Pay and AliPay?

WeChat Pay came about in 2013, and its main difference to Alipay is that it functions as an additional feature within WeChat, China’s biggest social media and instant messaging app.

In which countries is WeChat Pay available?

Countries, where WeChat Pay can be implemented, include:

• US.
• UK.
• Australia.
• Hong Kong.
• Singapore.
• Japan.
• Italy.
• South Africa.

Which is better Alipay or WeChat Pay?

The service charge on Alipay is higher than WeChat Pay. There are no additional transaction fees. Exchange Rates. Both Alipay’s eWallet and WeChat Pay do not have in-app currency exchange rates.

Does Hong Kong use Alipay?

Joao Marcos You can use Alipay – and our local version, Alipay Hong Kong – for online and mobile payments, and to make quick, simple money transfers to local friends. Although Alipay HK is great for domestic transactions, the international services on offer have been somewhat limited so far.

Which is better WeChat Pay or Alipay?

The service charge on Alipay is higher than WeChat Pay. Alipay charges a 5\% service fee with every recharged amount, and users can load amounts from 500 CNY to 2000 CNY (~S$100–S$400). WeChat Pay, on the other hand, charges a 0.35 CNY (that’s ~S$0.07) service fee with every credit card linked onto its platform.

Is Alipay or WeChat Pay more popular in China?

However, although WeChat Pay has more monthly active users, Alipay is still the most popular online payment system in China. In Q3 of 2019 Alipay had over a 50\% share of China’s mobile payment market with 54.5\%. Whereas WeChat Pay had 39.5\%.

Can I use a mainland WeChat or Alipay account in HK?

Certainly, you can use mainland WeChat or Alipay account in HK, but both of them supported RMB only. You can use them to pay at some stores & shops accepted payment after recharging. Refer to account recharging, you can ask for your mainland friends transfering money to you, and you return with other ways.

Do they use Alipay in Hong Kong?

However, it is nowhere as common as in China. In Hong Kong, still Octopus cards, credit cards and cash rule. In China, it is cash and we chat that rule, with alipay behind it. Yes, but only for major areas like shopping malls. Hong Kong lags behind Mainland Chinese cities in adoption of e-wallets or e-payments.

Can you buy stickers in Hong Kong with WeChat?

Yes you can. I visit Hong Kong often, and have noticed a growing number of establishments (Watsons, 7-11s) displaying the wechat and alipay accepted stickers. However, it is nowhere as common as in China. In Hong Kong, still Octopus cards, credit cards and cash rule. In China, it is cash and we chat that rule, with alipay behind it.

Do you use e-wallets in Hong Kong?

In Hong Kong, still Octopus cards, credit cards and cash rule. In China, it is cash and we chat that rule, with alipay behind it. Yes, but only for major areas like shopping malls. Hong Kong lags behind Mainland Chinese cities in adoption of e-wallets or e-payments.