news

how will internet payment "break the circle" help build a unified market?

2024-09-29

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

the reporter learned from taobao officials that starting from september 27, consumers can use wechat payment when shopping through taobao. wechat pay stated that subsequent users who use wechat pay on taobao can also check payment vouchers, user bills and other operations within wechat. the reporter’s experience found that after consumers complete the purchase of goods on taobao, they can complete the payment by selecting “wechat pay” on the payment page. the entire experience is consistent with other payment tools. it is worth noting that to use the "wechat pay" function, you need to update to the latest version of taobao app.

in addition, jd.com will also officially access alipay payment, which is expected to be launched on the eve of double 11. in terms of logistics, taobao and tmall will soon be officially connected to jd logistics, which is expected to be launched in mid-october. at the same time, jd.com will also connect to cainiao express and cainiao post.

taobao, jd.com, wechat, and alipay are open to each other and interconnected. how will they improve user experience? how to help build a unified market?

liu xingliang, a member of the information and communication economy expert committee of the ministry of industry and information technology:internet payment platforms have broken through the circle, especially taobao's full access to wechat payment, which has further deepened cooperation among internet companies. consumers can now use wechat pay on taobao, giving them more choices and improving their shopping experience. moreover, no matter which payment method users choose, the experience is consistent, reducing the inconvenience caused by differences between platforms. let’s talk about merchants. some users may prefer to use wechat payment. after accessing wechat payment, merchants can reach a wider user group and increase sales opportunities. in addition, merchants can reduce order churn due to payment restrictions and increase overall transaction conversion rates.