WeChat o2o market news POS payment - Sekkei Studio

WeChat ready to conquer O2O market with its new POS Payment

Eric Methivier

WeChat to launch a new POS Payment: WeiPOS

Wechat is now offering a new payment service. Offline stores could soon use a customized POS machine that completed with Wechat payment, could allow its users to buy an offline (physical) product through an online payment service.

How does it works?

When buying something in a physical store, the merchants types the total amount in the WeiPOS machine that will then generate a QR code. The consumer will scan this code using WeChat and will be redirected to Wechat payment to confirm the transaction. weipos1 The 1000 yuan POS machine named WeiPOS is released by WeiPass, Tencent’s mobile e-commerce solution provider and will be given for free to merchants. The service will charge a commission rate for each transaction but it is said that this cost will be lower than UnionPay’s.

Wechat payment

Developped par Tencent’s Tenpay, WeChat Payment is a mobile payment solution. When a consumer wants to buy a product in Yixun for instance (online shopping website acquired by Tencent ), he has the possibility to select the “WeChat payment” option. With WeChat payment you can do things as diverse as topping up your mobile phone account, purchasing goods on Yixun, paying for taxi rides or stickers, …

Eric Methivier
Eric Methivier

Eric's from France and graduated from Toulouse ICD Business School and is a three-year veteran in the world of web product managing. Around the office he is the undisputed king of all things SEO, SEM and SMO. He's got a knack for design as well and is a master-level photoshopper. He speaks fluent French, English and some Mandarin.After-hours he's into photography, reading, and traveling throughout Asia, he likes to meet people from other cultures and explore faraway lands. Try to imagine a French, web developing, graphic designing, Indiana Jones.

Screen Shot 2014-03-03 at 5.56.01 PM
2014 Infographic Internet Chinese users - Sekkei Studio

Leave a Reply


*

Chat now