What is WeChat Pay and how to get started

China Tech 101: WeChat Pay

WeChat Pay is China's second largest digital wallet broadly used for payments of all kinds in China.

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WeChat Pay

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Tencent Holdings Ltd.

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company

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Blocked OUTSIDE OF CHINA?

As of 2020, while the US administration has issued an executive order barring Tencent from operating in the country, its development is still ongoing and ByteDance’s future in the States remains uncertain.

ABOUT WeChat Pay

WeChat Pay is China's second-largest digital wallet broadly used for payments of all kinds in China. Seamlessly tied to the Super App WeChat, WeChat Pay makes easy in-app payment by scanning QR codes of either recipients or payees.

Leveraging WeChat's popularity, WeChat Pay makes up 39.5% of China's cashless economy according to iResearch Consulting Group in 2019. WeChat Pay is a key player after Alipay (54.5%).

Active Users:

800 million monthly active users updated in 2018

Target Demographic:

Indivisual users, merchants or businesses of all sizes

Suitable For:

Local or international businesses seeking integration with China's cashless economy to achieve business growth

Available Language(s):

Chinese and English

Learn More

Homepage

GETTING STARTED

You may get started either as an individual user or as a vendor.

Individual users

Connect a bank account to activate WeChat Pay

WeChat Pay can be used to fulfill payment from utilities to personal transactions. It also supports both HK$ and RMB¥.

Vendors

Download vendor information form on WeChat Pay

Email wxpayglobal@tencent.com with the completed form and supporting documents

Wait for the WeChat Pay team to verify your information. This typically takes 7-15 business days. You will be notified via email upon approval

Sign service agreement

Activate your WeChat Pay account

WeChat Pay outlines its application process for vendors on its official page.

You may also refer to WeChat Pay's official guide on submitting and reviewing an application.

Business Requirements

Businesses may use WeChat Pay via WeChat Service Account or Mini Program by providing the following general information:

Company legal name

Registered Country or Region

(Overseas) certificate of incorporation (with the certificate number and its valid date)

Email address

However, some specific requirement applies depending on how you'd use WeChat Pay.

Institution

If you have the financial license and want to offer the WeChat pay cross-border payment to your merchants, you may become an Institution Partner.

Business Registration Certificate

Certificate of Incorporation

Utility Bills, Bank Statements, Office Line Bills, etc

Ultimate Beneficial Ownership

Directors proof of identity documents

Financial License

AML Questionnaire

Service Provider

Service providers interested to help merchants to integrate and maintain the WeChat pay cross-border payment service system.

Business Registration Certificate

Certificate of Incorporation

Utility Bills, Bank Statements, Office Line Bills, etc

Ultimate Beneficial Ownership

Directors proof of identity documents

Merchant

Sellers who want to integrate the WeChat pay cross-border payment service system.

Business Registration Certificate

Certificate of Incorporation

Utility Bills，Bank Statements，Office Line Bills, etc

Ultimate Beneficial Ownership

Directors proof of identity documents(E.g.HongKong Identity Card or Passport)

Ready to use WeChat for your business? Get started on WeChat here.

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Active Users:

Target Demographic:

Suitable For:

Available Language(s):

Learn More

GETTING STARTED