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according to 21st century business herald, on september 4, it was reported that taobao platform will be fully open to wechat payment. in response, wechat payment told reporters:currently, the function adaptation with taobao platform merchants is being opened. please pay attention to the taobao platform announcement for the specific launch time.wechat pay has always adhered to the concept of open cooperation and actively explored mutual cooperation with various fields.

taobao tmall responded to china news service on the 4th,taobao and tmall have always adhered to the concept of open cooperation, actively explored mutual cooperation with various platforms, continuously improved consumers' shopping experience, and made consumers' shopping more convenient, enjoyable and efficient.

image source: daily economic news data map

on september 4, a beijing business daily reporter exclusively learned from an insider that:taobao app will soon fully support wechat payment.

as of 13:00 on september 4, a beijing business daily reporter noticed that wechat pay has not yet appeared on the taobao app. in response, taobao's official customer service also said,wechat payment is still in the trial stage and has not yet been fully opened. please check the payment page to see whether the user's order can be used.

in fact, the payment interconnection between alibaba and tencent has been continuously promoted. just recently on august 19, a beijing business daily reporter found that taobao and wechat pay have achieved interconnection and interoperability. there is no need for internal testing or copying links. you can directly jump to wechat to complete the payment process.

in the industry’s view, if taobao fully integrates into wechat pay, it also means that the previously closed system between giants will gradually become open, which can achieve a win-win situation for all parties.

in february this year, the issue of "some taobao orders may jump to wechat pay" became a hot search. at that time, li daokui, dean of the institute of chinese economic thought and practice at tsinghua university, said on weibo that the integration of wechat pay into taobao was a landmark event in the construction of a unified national market. "the interconnection of major platforms will benefit consumers and the chinese economy."

image source: visual china-vcg41n1293759258

it is worth noting that on may 20 this year, jd pay and wechat pay officially announced that they will achieve interconnection in the near future. jd pay also became the first third-party payment institution in the industry to simultaneously connect wechat personal codes and merchant codes.

the reporter of daily economic news learned from jd.com that compared with the previous small-scale trial between taobao and wechat pay, the beneficiaries of the interconnection between jd.com pay and wechat pay this time involve the vast majority of mobile payment users represented by small and medium-sized micro-enterprises and consumers. in terms of user scale, market information shows that the number of jd.com pay users exceeds 500 million, and the number of wechat pay users exceeds 1 billion.

the scenarios for internet code payment are more concentrated on small-value payments, most of which are in convenient places for residents' daily life and consumption, such as vegetable markets, breakfast shops, supermarkets and convenience stores, fruit stores, and various service outlets around the community, farmers' markets and trading markets widely distributed in urban and rural areas, etc. you can scan the wechat payment code using the jd finance app.

the reporter also learned that the realization of this interconnection is to provide multiple payment options without adding code cards or changing the platform's payment collection function. the cooperation between the two payment companies, both of which have a large active user base, has further accelerated the realization of interconnection.

industry insiders close to both parties analyzed to reporters that this is not only the interconnection with the most users in the industry, but also the first interconnection in the industry for large-scale commercial promotion and cooperation.

daily economic news is a comprehensive report of 21st century business herald, beijing business daily, china news service, daily economic news (reporter:wang yubiao), public information

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