![]() ![]() WeChat Payment is a digital wallet feature available on the WeChat app, created for both individual uses and business encounters. Ready to join the 900 million WeChat pay users? This article will tell you everything you need to know about setting up your account. ![]() Offering your Chinese customers a payment method that is local, reliable, and credible will build trust with them and improve your chances of success. Setting up a WeChat pay account is essential for any foreign brand expanding its business to China. WeChat pay can simply be used to pay for everything. It’s now possible to go cashless in entire China and people don’t use cash or credit cards, which was completely replaced by mobile payments. Therefore, the WeChat Pay system for overseas merchants not only enhances the shopping experience for Chinese customers through a familiar payment method, it also allows the merchants to manage their relationship with Chinese tourists over a long period and expand the Chinese consumer market through the online WeChat platform.China’s leading tech company, Tencent, has done away with the need for banknotes altogether with its innovative payment product, WeChat Pay. Secondly, once the Chinese tourists have left the U.K., overseas merchants can use WeChat’s promotional products to maintain long-term communication and contact with them, and thus keep the door open for future transactions.Firstly, in the process of shopping - fluent communication with a payment method they are familiar with can help overseas merchants provide a better service and experience to their Chinese customers.Is there a communication channel that allows merchants to communicate with Chinese customers more easily? The answer is an emphatic yes! WeChat and WeChat Pay can help overseas merchants to improve their service in two ways: Besides the issue of communication, Chinese customers’ shopping style and habits are also very strange to overseas merchants. Since they are based overseas, merchants can face considerable difficulties in dealing with Chinese customers. Eliminating Language Barriers between Overseas Merchants and Customers For overseas merchants, in addition to not having to exchange currency, the WeChat payment method offers them a new opportunity to provide long-term customer management and service upgrades. Customers avoid the need to exchange large amounts of foreign currency, and therefore WeChat Pay saves them a lot of trouble. The WeChat payment system now supports 13 foreign currencies, and merchants in 28 countries and regions have adopted WeChat Pay as a payment method for their online and offline transactions. In this process, WeChat acts as a bridge between Chinese customers and overseas merchants by providing cross-border payment solutions. As regards the overseas merchants, they will receive GBP as the settlement currency instead of having to exchange currency. This process is highly convenient, since it eliminates the need to exchange foreign currencies, and thus saves the extra exchange fee. ![]() Since the products are labelled in GBP, WeChat Pay adopts the real-time exchange rate of the China Construction Bank (CCB) in order to transfer GBP for the Chinese customers to pay with. WeChat Pay allows Chinese customers to use RMB to make purchases when shopping abroad. ![]()
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