Now you know the difference between Alipay and WeChat Pay, how can GlobePay help you? It is perfect for curating a brand image and building customer loyalty. WeChat Pay, on the other hand, is a function of the social media platform, WeChat. Its focus is more on formal business and financial services such as money investment (Yu’e Bao) and credit rating (Sesame Credit). Gateway: independent app vs integration within appĪlipay is an independent financial app, designed to facilitate payments for Alibaba users. Since then the app has evolved into a multi-function platform, where you can check the weather, book movie tickets, a taxi, pay utility bills and even browse real estate! WeChat Pay covers a multitude of daily transactions focused on digitising the everyday. Within a year it had over 100 million active users. WeChat began in 2011 as a Chinese instant messaging app. Therefore Alipay, as a branch of the e-commerce business, Alibaba, has considerable influence over the retail, e-commerce and wholesale global market. In 2019, Alibaba achieved $56 million in revenue. ![]() ![]() Whereas WeChat Pay is a digital E-wallet within the WeChat social media platform – which has over 1.2 billion active monthly users! Did you know WeChat is the 5th most popular social media platform – after Facebook, YouTube, Whatsapp and Facebook Messenger? Function: payment provider vs social media platformĪlibaba developed Alipay to create a streamlined payment experience for existing customers. E-walletĪlipay is an online payment platform associated with Alibaba Group, a multinational e-commerce company founded in 1999. However on closer inspection, they have different focus areas within the Chinese and global market. But you might be wondering: what do these platforms do? On the surface, both offer similar services. So you might have heard of Alipay and WeChat Pay in passing.
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