Why Alipay prefers to use loan income to subsidize cash withdrawal rates schools and other public welfare scenarios is precisely because it wants to maintain the advantages of payment as an important commercial entrance and thus better maintain its support for merchants and User reach Of course a clear sign is that the already solid payment landscape is not easy to change In addition to WeChat and Alipay many major Internet companies including Meituan and have actually failed to make much splash in payment Especially in the context of strict supervision and
continued industry reshuffle in recent years the value of payment Brazil WhatsApp Number Data licenses has shrunk significantly For some companies the licenses that they had previously snatched up at high prices seemed a bit tastelesspayment equipment company said frankly that if a company has a payment license it must have a large number of merchants using its payment channels in order for the company to gain revenue If it cannot attract merchants to use it then the payment license is a piece of waste paper However even so many companies still have
not given up exploring this area After all according to data from the China Payment and Clearing Association more than % of users will use mobile payments every day in Among them QR code payment is still the most commonly used mobile payment method and % of users said they often use QR code code For example Pinduoduo ByteDance Kuaishou Bilibili Commodity City and other platforms successively obtained thirdparty payment licenses through mergers and acquisitions from to and soon launched their own payment products In June this year Douyin was once rumored to be acquiring the established payment company.