WeChat started to provide the mobile payment solution. Its first user is McDonalds.

As I explained before, WeChat will provide the linkage feature with EC in the next version 5.0. In addition to this, they provide the mobile payment solution on WeChat, and actually it's already provided by McDonalds.

  


At first, WeChat user have to become a follower of McDonalds account. After that they will provide a message that includes a link. And WeChat user click the link to get a card that is called "茶点卡", and after that the screen of above picture will be appeared.

And user click the button of "立即购买 (Buy Now)" on this screen, and pay 3 RMB through TENMPAY, user can get the "茶点卡 (Tea card)".


But at this time, this card has some restriction to use.
- User can use this card only from 2:00 p.m. to 5:00 p.m.
- User cannot use this card to buy coffee or some services.
- There is an expiration date. (3 months)


I don't know using this card has some merits compared to cash at this time, but I think it's a very interesting trend from the point of view that is the linkage of mobile payment and social media.

Sina Weibo also already started mobile payment solution on their platform, so the linkage of mobile payment and social media may become the one of the hot topics this year in China.


Source => TechWeb

Sina Weibo enter into the mobile payment market. Do they have a chance of success?

Sina Weibo published their own payment system "Weibo Wallet" last December, but recently they also published its service for mobile users.

Now they provide only the Android client and mobile browser version, but they said that they will also provide its iPhone and Windows client soon.

I downloaded the Android client and tried it.

  

It can be charged the money from bank, mobile phone and so forth, and the user can pay the electric, water and gas bills from it as same as the PC version.


According to the recent report by CNNIC, mobile payment user is rapidly increasing in China. Furthermore, MIIT estimated that the scale of mobile payment market in China will be about 24 billion USD in 2013, and its market will continue 40% growth in the next few year.

Sina Weibo would like to monetize soon, and also in the view of its market growth, it's make sense that they will enter into the mobile payment market. But there are many strong rival like Alipay in this market. Furthermore, Unionpay and each banks are also watching vigilantly for a chance.

Sina Weibo have over 500 million users now, so "Weibo Wallet" user may be smoothly increasing. But the view of real business, I think that they will continue facing the tough challenge for a while. Let's keep attention to their actions.


Source => Weibo Wallet, ChinaIRN

Sina Weibo started to provide their payment system "Weibo Wallet".

A few days ago, Sina Weibo started to provide their payment system "Weibo Wallet(微博钱包)".

Its account is tied up the account of Sina Weibo, and its user not just can buy some goods, but also can pay the utility expenses.

It can charge money from bank, mobile phone, Weibi and so forth.

Now they have a campaign with Xiaomi, they announced on their top page that they will start to sell the new mobile phone of Xiaomi from December 21.

I said that Sina Weibo already started monetization before, they may start to enhance their EC solutions in earnest. I will keep watching its action as ever.


Source => TechWeb

Mobile payment registered user in China already exceeded 10 billion people.

According to the report by Eguan, mobile payment registered user in China already exceeded 10 billion people.

And its market share in the first quarter was as follows:

#1 Alipay   61.8%
#2 Tenpay  18.9%
#3 99bill    10.0%
#4 Yeepay    3.3%
#5 IPS         1.6%
#6 Chinabank 0.8%
#7 PayEase   0.9%






As you know, Alipay is a one of Alibaba group company as same as Taobao, their group still have strength in EC or related industry.

And Tenpay is a one of Tencent group company, I'm interested in the fusion of their social business and payment one in the future.


And the whole market share of payment was as follows in the first quarter:

The third position of China Unionpay is also big company of payment industry.
And they announced they will accelerate their mobile solution recently, so we have to pay attention their action as ever too.


Original article => Eguan