270 million users! WeChat and Alipay officially ushered in the strength "opponent"!
In the payment field, WeChat and Alipay have become the two major representatives in the domestic mobile payment field, and the two account for about 90% of the domestic payment market.
Due to the number of Chinese population, Alipay and WeChat QR codes are provided on many occasions abroad. Although there are also useful places abroad, but looking at the world, mobile payment is not only WeChat and Alipay, but also other technology giants. For example, Apple's Apple Pay, PayPal, etc.
Recently, WeChat and Alipay officially ushered in an internationally powerful "opponent", PayPal, and netizens who do not often buy things on the Internet may be relatively new to this payment tool.
PayPal is a mobile payment company in California, USA, and it is also a global payment tool highly sought after by hundreds of millions of users worldwide. Currently, the number of active users worldwide has reached as much as 270 million, making it one of the most worried competitors of WeChat payment and mobile payment. .
In fact, PayPal recently released a lot of "smoke bombs", has been warming up to enter the domestic payment market, why only formally enter the domestic market now?
In fact, the most important reason is that financial policies restrict the payment work in China, but as the domestic financial market continues to develop, the market is becoming more and more perfect.
Recently, PayPal officially announced that it has acquired 70% of Guofubao ’s equity through its companies and formally entered the domestic market by way of “borrowing”. Guofubao also said that the equity change has been approved by the highest bank, which also means that in the future Major supermarkets will usher in another payment tool, PayPal, in addition to WeChat and Alipay.
Based on the current payment market WeChat and Alipay occupy an absolute monopoly position, but the "foreign monk" good chanting, the arrival of PayPal, will the domestic payment face a major reshuffle?
This is very difficult to say. It is also closely related to the ecological environment of payment tools. We all know that Alipay is backed by Ali, and there are many platforms such as Taobao, Tmall, and Xianyu. WeChat has also cooperated with e-commerce platforms such as Jingdong. Each software will have a certain "exclusivity" for each ecosystem, and each ecosystem can easily build its own "moat" to avoid the invasion of "foreign enemies".
Therefore, the official arrival of PayPal, although it will bring fresh blood to the domestic payment market, is also facing many difficulties.
However, cross-border e-commerce accounts for a growing share of the major e-commerce platforms, which also gives PayPal a very powerful room for development.
Of course, for netizens, WeChat, Alipay, PayPal, whichever offers more concessions and more subsidies, whoever uses it! PayPal has come to compete in China. I believe many netizens have moved to the bench to sit down and wait to see the excitement. They hope that Chinese and foreign payment competition will bring greater benefits to the people who eat melons! Are you saying no?
