![]() However, in the current international scenario, any option is possible. The particularities of the Asian market as well as the relationship of both companies with the Chinese executive make the international expansion of WeChat Pay and Alipay complicated. In Spain, Bizum has in its roadmap the payment in physical shops by QR, although it will have to compete with the current mobile payment systems that are already consolidated among the Spanish population. ![]() Whatsapp Pay has already been launched in some countries such as Brazil, although for the moment its functionality is limited to the payment of debts between individuals, and not in physical shops. ![]() And of course, an application, WeChat, supported by the Chinese administration itself, which became indispensable in every Smartphone.Īs for other alternatives, Whatsapp is still taking small steps in the implementation of its payment platform through its mobile application. A street trade of small stands and stalls that is still part of the DNA of Chinese life. A new generation of young people who, beyond the strict control of the Chinese government, were curious about Western habits and their way of relating. To give you an idea, A pple Pay is available in 48 countries and has about half as many users as WeChat and Alipay (between 400 and 500 million).Īnd what was the reason for this success? The background was good: a society that was not excessively bankable, in full economic expansion and anxious to consume. Outrageous figures in both cases that show the enormous potential of the Chinese market. According to the portal, WeChat Pay has 800 million active users per month and Alipay about 1200 million, 300 million of them outside the Chinese borders. And the truth is that they did not do badly. ![]() Tencent and Alibaba therefore looked for a way to make mobile payments reach everyone regardless of their mobile phone, giving even street traders the possibility to charge for their products without the need for a POS. ![]()
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