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taobao announced the addition of wechat pay, a mobile payment platform, and listed companies responded to the relevant layout

2024-09-07

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our reporter ding rong

on september 5, taobao officially announced that it would add wechat payment capabilities, which would be gradually opened to all taobao sellers after september 12. as soon as the news came out, the concept of mobile payment strengthened in the secondary market. on september 5 and september 6, hengbao shares and cuiwei shares both achieved two consecutive gains, and feitian chengxin rose 33.42% in two trading days.

bai wenxi, chief economist of china region of china enterprise capital alliance, said in an interview with securities daily: "taobao is about to launch wechat payment, which marks an important progress in the payment interconnection between alibaba and tencent, two internet giants. this is expected to become a new starting point, driving more internet platforms and enterprises to join the cooperation of interconnection, thereby further promoting the development of the entire mobile payment ecosystem."

the interoperability between taobao and wechat pay has always attracted much attention. the news that taobao supports wechat pay has not only raised consumers' expectations, but is also expected to become a model for other platforms in the industry to break down payment barriers.

the development of the mobile payment industry cannot be separated from policy support. in march this year, the general office of the state council issued the "opinions on further optimizing payment services and improving payment convenience", which proposed to adhere to and effectively enhance the compatibility and inclusiveness of various payment methods and provide diversified payment services for domestic and foreign consumers.

"after the initial development stage, my country's mobile payment has now entered a stage of accelerated development. the current competitive landscape is fierce, and major institutions are constantly promoting the development of the industry through technological innovation, product innovation, and service innovation." liang zhenpeng, chief consultant of zhifan coast institutional and senior industrial economic observer, said in an interview with a reporter from securities daily.

in liang zhenpeng's view, the development of mobile payment will be more diversified in the future, and its security, convenience, personalization and other aspects will be further improved.

currently, many a-share listed companies are involved in the upstream and downstream of the mobile payment industry chain. recently, on the investor interaction platform, investors have been intensively asking questions about the relevant layout and progress of these companies.

for example, kuanyi communication, a wholly-owned subsidiary of wutong holdings, has long been focusing on the design, development and sales of wireless data access products. wutong holdings said that kuanyi communication's wireless data terminals and wireless communication module products are designed and developed based on chip manufacturers such as qualcomm, and are mainly used in mobile payment and other fields.

gold digger said: "the company has established stable cooperative relationships with the three major operators, china telecom, china unicom and china mobile, in the fields of wireless payment and mobile payment."

eastcompeace actively participates in the research and development and promotion of new technologies and products such as mobile payment, and provides various types of smart cards at the forefront of the industry. the company said: "the company has mobile payment technology products based on sim cards and visa, mastercard, and financial application products certified by major international organizations and banks."

the smart payment hardware produced by boshijie includes cloud speakers for receiving payments and cloud broadcast printers, which are important components of the smart payment hardware and mobile payment industries and are mainly used in mobile payment scenarios such as catering, retail, supermarkets, and agricultural trade. boshijie said: "the company mainly provides smart payment hardware products for tencent's tenpay."

according to data from the prospective industry research institute, the scale of china's mobile payment market is expected to continue to rise between 2024 and 2029, and the market scale is expected to exceed 110 trillion yuan in 2029, with a compound annual growth rate of 12.89% from 2024 to 2029. zhang yue, chairman of aoyoo international, believes that the mobile payment industry has broad prospects for future development, and related listed companies need to actively seize the development dividends, continuously innovate technologies to meet market demand, and achieve long-term development.

image | zcool helo

produced by | zhang wenling


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