According to 21st Century Business Herald, on September 4th, it was reported that the Taobao platform will fully open up WeChat Pay. Regarding this, WeChat Pay told reporters that the feature adaptation with Taobao platform merchants is currently being launched. Please pay attention to the Taobao platform announcement for the specific launch time. WeChat Pay always adheres to the concept of open cooperation and actively explores interoperability and cooperation with various fields.
Taobao and Tmall responded to China News Service on the 4th, stating that Taobao and Tmall have always adhered to the concept of open cooperation, actively explored interoperability and cooperation with various platforms, continuously improved consumer shopping experience, and made consumer shopping more convenient, enjoyable, and efficient.
On September 4th, a reporter from Beijing Business Daily obtained exclusive information from insiders and confirmed that Taobao App will soon fully support WeChat Pay.
As of 13:00 on September 4th, a reporter from Beijing Business Daily noticed that WeChat Pay has not yet appeared on the Taobao App. In response, Taobao's official customer service also stated that WeChat Pay is still in trial and has not been fully opened yet. Please refer to the payment page for information on whether the user's order can be used.
In fact, the payment interconnection between Alibaba and Tencent has been constantly advancing. Just recently on August 19th, a reporter from Beijing Business Daily found that Taote and WeChat Pay have achieved interconnectivity, without the need for internal testing or copying links. The payment process can be directly accessed through WeChat by jumping.
In the industry's view, if Taobao fully integrates with WeChat Pay, it also means that the previously closed system between giants is gradually moving towards openness, which can achieve a win-win situation for all parties.
In February of this year, the incident of "some orders on Taobao or redirecting to WeChat Pay" made it to the hot search. At that time, Li Daokui, Dean of the China Institute of Economic Thought and Practice at Tsinghua University, stated on Weibo that the integration of WeChat Pay into Taobao was a landmark event in building a unified national market. "The interconnection of major platforms benefits not only consumers but also the Chinese economy.
It is worth noting that on May 20th of this year, JD Pay and WeChat Pay announced that they will soon achieve interconnectivity, making JD Pay the first third-party payment institution in the industry to simultaneously connect WeChat personal codes and merchant codes.
The Daily Economic News reporter learned from JD.com that compared to the previous small-scale trials of Taobao and WeChat Pay, the benefits of the interconnection between JD Pay and WeChat Pay this time involve the vast majority of mobile payment users represented by small and medium-sized enterprise merchants and consumers. In terms of user scale, market information shows that JD Pay has over 500 million users, while WeChat Pay has over 1 billion users.
The scene of Internet code payment is more concentrated on micro payment, most of which are convenient places for residents' daily life and consumption, such as vegetable markets, breakfast stores, supermarket convenience stores, fruit stores, various service outlets around the community, farmers' markets and trading markets widely distributed in urban and rural areas. You can scan WeChat collection codes with JD Financial App.
The reporter also learned that the implementation of this interconnection is to provide multiple payment options without adding code cards or changing the platform's payment function. The cooperation between two payment companies with a large active user base has further accelerated the realization of interconnectivity.
Industry insiders close to both sides analyzed to reporters that this is not only the most frequent user integration in the industry, but also the industry's first large-scale commercial promotion and cooperation of interconnection.
Daily Economic News Comprehensive 21st Century Economic Report, Beijing Business Daily, China News Service, Daily Economic News (Reporter: Wang Yubiao), Public Information