Alipay Top Up - Alipay Top Up
WeChat is social media a Chinese multipurpose messaging and mobile payment app. It was released in 2011, and by consumers that were active it had been among the world mobile programs by 2018, with over 1 billion active users. Described as one of the world's strongest programs by Forbes, it is also known as China's"program for all" and also a"super program" due to its broad range of platforms and functions. Besides China, it is the very popular messaging app in Bhutan.
From the 2018 Berkshire Hathaway annual shareholders meeting, Charlie Munger recognized WeChat as among the few possible rivals to Visa, MasterCard and American Express.
WeChat began as a job at Tencent Guangzhou Research and Project center in October 2010. The first version of the program was made by Zhang Xiaolong and named"Weixin" by Ma Huateng, Tencent CEO and launched in 2011. The government has actively supported the growth of the e-commerce marketplace in China--for example in the plan.
By 2012, once the number of users reached 100 million, Weixin was re-branded"WeChat" for the global industry.
WeChat had over 889 million monthly active users in 2016. 90 percent of whom were in China. For comparison, Facebook Messenger and WhatsApp (two other competitive international messaging services better known in the West) had about a billion Monthly Active Users in 2016 but didn't provide most of the other services on WeChat. By way of example, at Q2 2017 WeChat's earnings from social media advertisements were roughly US$0.9 billion (6 billion Yuan) in comparison to Facebook's total earnings of US$9.3 billion, 98 per cent of which were from social networking advertising. WeChat's earnings Alipay Top Up from the value added services were US$5.5 billion.
Messaging
WeChat provides text messaging, hold-to-talk voice messaging, broadcast (one-to-many) messaging, video calls and conferencing, video games, sharing of photographs and videos, and location sharing. It may exchange contacts with people nearby via Bluetooth, in addition to providing various features for contacting people at random if desirable (if people are open to it). It can also integrate with other social networking services like facebook and Tencent QQ. Pictures may also be embellished with captions and filters, and also an automated translation service is available.
WeChat supports different immediate messaging methods, including text message, voice message, walkie talkie and stickers. Users may send saved or live videos and pictures, namecards of other customers, coupons money packages, or present GPS places with friends either individually or in a group conversation. WeChat's personality stickers, for example Tuzki, compete and resemble with people of LINE, a messaging program.
Official accounts
WeChat users can enroll as an official accounts, which enables them to drive feeds to readers, interact with readers and provide them with solutions. There are three types of accounts that are official: a subscription account, a service accounts and an enterprise accounts. Once users as people or organizations establish a kind of consideration, they can't change it to another type. From the end of 2014, the number of WeChat official reports had reached 8 million. Official accounts of organizations can apply to get verified (cost 300 RMB or roughly USD$45). Accounts can be utilized as a stage for services like hospital pre-registrations, visa renewal or credit card service.
Subscription accounts
WeChat subscription account is the basic type of accounts, allowing push content and telling updates for subscribed followers displayed in the subscription region. These reports don't support WeChat payment service.
Service accounts
The support account is for companies or organizations to access more advanced features on WeChat. It offers more Application Programming Interfaces (APIs) than subscription balances, and businesses and organizations can create their own applications according to WeChat APIs. When seeing their page that is messaging users can see the information. Service account support WeChat payment service.
Seconds
"Moments" is WeChat's brand name for its own social feed of friends upgrades. Moments allows users to post pictures, post text, post comments, share audio (related to QQ Music or other online music providers ), discuss articles and article"enjoys" Moments can be connected to Facebook and Twitter accounts, and can place Moments content straight.
In 2017 WeChat needed a policy of a maximum of 2 commercials per day per Moments user.
Privacy in WeChat works by groups of friends - just the friends from the consumer's contact are able to view their Moments' contents and comments. The friends of the user will only be able to find the likes and comments from other users only if they are in a buddies group. For instance, friends enjoys from friends from college and from high school are not able to see the remarks. When their minutes are posted by users, they could divide their friends and they can decide if this Moment can be seen by groups of people. Contents posted can be put to"Private", and then the consumer can see it.
WeChat Pay payment solutions
In China, customers that have given bank account information may use the program to pay bills, order merchandise and services, transfer money to other users, and cover in shops if the stores have WeChat payment choice. Vetted third parties, also known as"official accounts", offer these services by developing lightweight"apps within the app". Users can link their Chinese bank account, as well as Visa, MasterCard and JCB.
WeChat Purchase is a digital wallet service incorporated into WeChat, which allows users to perform cellular payments and send money between contacts. Each WeChat user has their WeChat Payment account. Users may obtain a balance by connecting their WeChat account or by getting money from users. Users that link their credit card may only make payments to vendors, and can't use this to top up WeChat equilibrium. WeChat Pay can be used for payments from participating vendors, as well as payments. As of March 2016, WeChat Pay had more than 300 million users.
In 2014 for Chinese New Year, WeChat introduced a feature for distributing virtual red envelopes, built after the Chinese tradition of depositing lots of money among friends and family members during vacations. The feature enables users to send money to groups and contacts as gifts. When sent to groups, the cash is distributed equally, or in random shares ("Lucky Money"). The feature was launched during the heavily watched New Year of China Central Television's Gala, where viewers were taught to shake their phones during the broadcast to get a chance to win money prizes from red envelopes. The envelope feature enhanced the adoption of WeChat Pay. A month after its launching, WeChat Pay's user base expanded from 30 million to 100 million users, and 20 million red envelopes were distributed during the New Year holiday. In 2016, 3.2 billion red envelopes were sent over the holiday season, and 409,000 alone were sent at midnight on Chinese New Year.
In 2016, WeChat began a service charge if users transferred cash in their WeChat wallet to their debit cards. On March 1, WeChat payment stopped collecting fees for the transport function. Beginning from the exact same day, fees will be charged for withdrawals. Each user had a 1,000 Yuan (roughly US$150) free withdrawal limit. Further withdrawals of more than 1,000 Yuan were billed a 0.1 per cent commission with a minimum of 0.1 Yuan per withdrawal. Payment functions such as transports and red envelopes were free.
WeChat Pay's main competition in China along with the industry leader in online payments was Alibaba Group's Alipay. Alibaba firm founder Jack Ma considered the red envelope feature to be a"Pearl Harbor moment", since it began to hamper Alipay's historic dominance in the online payments industry in China, especially in peer money transfer. The achievement prompted Alibaba to launch its own variant of virtual red envelopes. Capabilities were , also introduced by other competitions, Sina Weibo and Baidu Wallet.
In 2017 Tencent reported that WeChat had overtaken Alibaba with 600 million active WeChat cellular payment users versus 450 million for Alibaba's Alipay. However Alibaba had a 54 percent share of the mobile online payments marketplace in 2017 compared to WeChat's 37 percent share.
For Top Up Online - Easy Top Up