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Finance, Knowledge, Payment Solution, services

What is a QR Code Payment and How Does it Work in WeChat Pay and Alipay?

Nowadays, QR codes can be seen everywhere in life. Business card codes, payment codes, appointment codes, etc. Now that shops and restaurants are opening up again, you may have even seen QR codes being used by businesses to efficiently record customers’ information. This is done in order to track and trace possible Covid-19 cases. Alternatively, to add new friends on social media platforms (especially WeChat) we can quickly scan their code. When we shop or eat dinner outside, we can scan a code to pay. Through a smartphone, QR codes can play a huge role in facilitating our lives.

  1. What is a QR Code?

QR code refers to a ‘Quick Response’ code. It’s an updated barcode because it’s a two-dimensional barcode. QR codes use numeric, alphanumeric, byte and kanji encoding codes to store data. A machine can then easily read information contained in the code. Compared with traditional barcodes, QR codes can store a larger volume of data. Additionally, it’s safer and faster.

  1. How does it work in WeChat Pay and Alipay?

For Chinese customers, it’s quite common to pay with QR codes, largely through the most popular third-party payment platforms: WeChat Pay and Alipay. Therefore, merchants with cross-border businesses (especially if they want to target China) should take QR code payments into account.

As for the process of QR code payments, the merchant only needs a unique QR code for their business. And the code could be scanned from both paper and screens. Then for the payment, customers just need to open their APPs Alipay or WeChat on their smartphones and scan the QR code.

If you would like to know more detailed information about merchant QR codes, please click here.

QR code payments are so convenient. You don’t want to miss out! Would you like to accept Alipay and WeChat Pay QR code payments for your business and improve your payment experience? Contact us to learn more and we are happy to help you!

https://www.globepay.co/contact-us/

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