WeChat Pay vs Alipay (2022) 🥊 Which One is Better?

WeChat Pay vs Alipay // Find Which One is Right For You

Welcome to the battle of two heavy weights, WeChat Pay vs Alipay.

We give you everything you need to know about China’s leading mobile payment systems.

WeChat-Pay-vs-Alipay

In recent years China has been moving towards a cashless society. This has been made possible by two smart payment giants: WeChat Pay and Alipay.

Mobile payments now dominate the market in China, which can sometimes be a bit confusing for foreigners who are unfamiliar with the systems.

That’s why we’re going to take a closer look at WeChat Pay and Alipay to see what the difference between the two actually is.

WeChat Pay vs Alipay – Quick Introduction

WeChat Pay vs Alipay – What’s the Difference?

WeChat Pay vs Alipay – What Can they be Used For?

WeChat Pay vs Alipay – Which One is More Popular?

WeChat Pay vs Alipay – Can You Link a Foreign Bank Card?

WeChat Pay vs Alipay – Can You Use them Outside China?

WeChat Pay vs Alipay – Summary

WeChat Pay vs Alipay – Quick Introduction

First of all, let’s start with a quick introduction to these two mobile payment platforms.

WeChat Pay

WeChat Pay was developed as an additional feature within China’s must have instant messaging and social media app WeChat.

WeChat-Pay-vs-Alipay

WeChat is owned by Tencent and is China’s most popular messaging app, although it has now become far more than that.

WeChat started as a chat app when it was launched in 2011, but has now become much more than that.

In 2013 WeChat’s virtual wallet payment system WeChat Pay (also referred to as TenPay) was introduced.

Although WeChat Pay is much newer than its main competitor Alipay, its already huge user base has enabled it to quickly become dominant in the market.

WANT TO DISCOVER MORE – Cneck out our guide on how to use WeChat here.

Alipay

WeChat-Pay-vs-Alipay

Alipay is owned by e-commerce giant Alibaba.

It was first introduced in 2003 as an online digital payments solution for the Alibaba website.

In 2008, Alipay officially introduced its mobile e-wallet and has become a regular payment facility that services not only Alibaba products.

Before WeChat Pay was introduced Alipay completely dominated the smart and mobile payment market within China.

WeChat Pay vs Alipay – What’s the Difference?

The main difference between WeChat Pay and Alipay is that WeChat Pay is an in-app feature of the social media app WeChat whereas Alipay is a dedicated smart and mobile payment system.

WeChat-Pay-vs-Alipay

This means that although both systems can be used for similar things the focus of them is slightly different.

WeChat Pay is more of a social app used by most users to navigate their daily life.

Popular uses are purchasing groceries, paying bills, transferring money to friends, sending red envelopes and other everyday transactions.

Alipay on the other hand puts more emphasis on e-commerce payment and financial services. As Alipay was originally created as a payment platform for the Alibaba website, it has become more of an escrow payment service.

In the table below you can see some of the key differences between the two smart payment systems.

WeChat PayAlipay
Share of China’s mobile payment market39.5%54.5%
Market penetration rate84.3%62.6%
Number of supported currencies1327
User Fees0.1% for withdrawals over RMB 1,0000.1% for withdrawals over RMB 20,000
Supported devicesDevices that support WeChatAll phones, tablets, and PCs

With more supported currencies and a much higher limit for withdrawals, you can see some of the ways that Alipay is more focused towards ecommerce and business.

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WeChat Pay vs Alipay – What Can they be Used For?

Almost everything.

Yes, nowadays WeChat Pay and Alipay can be used for pretty much everything.

Whether it’s ordering food, getting a taxi, topping up your electricity, buying plane tickets or sending money to friends the sky really is the limit with these mobile payment apps.

In fact, there are now some shops and venues which only accept mobile payments.

UsageWeChat PayAlipay
In-storeYesYes
OnlineYesYes
DidiYesYes
Food deliveryYesYes
TaobaoNoYes
TMallNoYes
JD (Jing Dong)YesNo
TransfersYesYes
Red EnvelopesYesYes
BillsYesYes
Train/plane TicketsYesYes
Bike sharing appsYesYes

You’ll see that the only usage Alipay has which WeChat Pay doesn’t is the shopping apps Taobao and TMall.

This is because they are both owned by Alibaba so it makes sense for their business not to allow their competitor WeChat Pay as an option on their shopping apps.

Similarly, thanks to a deal in 2015 between Tencent and Jing Dong, you are only able to use WeChat Pay as a mobile payment on JD. You are also able to directly access JD through the WeChat app.

JD is not the only app you can access thorugh WeChat.

In fact, WeChat actually has a lot of partnerships set up with other Chinese companies which allow you to directly access them as a Mini Program.

Some other available apps are:

  • Didi
  • Dianping/Waimai
  • Tongcheng-eLong (travel app)

The Alipay app also allows users to use in app third party services such as:

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WeChat Pay vs Alipay – Which One is More Popular?

WeChat-Pay-vs-Alipay
WeChat Pay vs Alipay Monthly Users

Given the fact that almost everyone in China uses WeChat it’s no surprise that WeChat Pay now has more monthly active users than Alipay.

Although year on year users of both smart payment systems have been growing WeChat still has far more.

For normal, everyday users, it does make more sense to use WeChat Pay as pretty much everyone will already have WeChat it’s much easier to use the in app feature and simply add your bank details rather than download a separate app.

To take myself as an example when I first moved to Beijing for the first few months I exclusively used WeChat Pay. It wasn’t until I wanted to use Taobao that I then also set up an Alipay account.

As you can see in the Venn diagram below it is quite common for users to use both WeChat Pay and Alipay.

WeChat-Pay-vs-Alipay
WeChat Pay and Alipay Market Penetration 2018

However, although WeChat Pay has more monthly active users, Alipay is still the most popular online payment system in China.

WeChat-Pay-vs-Alipay
2019 Q3 China Mobile Payment Market

In Q3 of 2019 Alipay had over a 50% share of China’s mobile payment market with 54.5%. Whereas WeChat Pay had 39.5%.

This also clearly shows how the two smart payment giants dominate the market, accounting for a total of 94% share between them.

But could this all be set to change with the massive growth WeChat Pay has seen over the past few years?

As recently as 2014 AliPay accounted for over 80% of transaction value in the mobile payment market and WeChat Pay only 10%. Given, this it’s pretty impressive that in just five years WeChat Pay has grown to almost 40%.

WeChat Pay vs Alipay – Can You Link a Foreign Bank Card?

Alipay-for-Foreigners

Yes, as of November 2019 both WeChat Pay and Alipay enabled users to link a foreign bank card to their account for the first time.

Alipay was the first to introduce this, creating an international e-wallet, targeted at tourists, that allowed foreign bank cards to be linked to the app.

Never one to fall behind, WeChat Pay soon followed suit and also made adding foreign bank cards available on their app.

However, the way the two work differs quite significantly.

With Alipay users can top up an e-wallet called a “Tour Pass” using their foreign bank card, this is limited to a maximum top of 2,000 CNY and can only be used for 90 days.

You can see full details in our guide to using Alipay as a foreigner.

In contrast WeChat Pay has enabled users to make payments directly through its digital wallet using the linked foreign bank card. It’s important to note that only credit cards can be used, although you can enter the details of a debit card it won’t work.

Also if your WeChat Pay is linked to a foreign bank card, the uses of it are more limited.

For instance you can pay vendors, but can’t make transfers to friends or send red envelopes.

Whereas using the “Tour Pass” in Alipay gives you access to all of the Alipay features.

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WeChat Pay vs Alipay – Can You Use them Outside China?

Although more and more countries are accepting WeChat Pay and Alipay as payment methods outside of China this is only available to Chinese citizens.

WeChat-Pay-vs-Alipay

Currently, to be able to use Alipay or Wechat Pay abroad you need to have an account with a mainland Chinese ID.

This is disappointing for foreigners who live in mainland China and then go to a neighbouring country on holiday.

However, with the changes in 2019 to allow foreign bank cards to be added to the apps perhaps it won’t be too long before foreigners can use these smart payment systems outside of China.

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WeChat Pay vs Alipay – Summary

Overall the difference between the two apps is very little.

WeChat-Pay-vs-Alipay

Both apps can be used for almost all payments and transactions needed in daily life.

If you are new to mobile payments in China and want to know which one to go with, WeChat perhaps makes more sense.

As WeChat is already an essential app for living in China, it makes sense to make use of the WeChat Pay rather than downloading a separate app.

However, if you want to experience the wonderful world of Taobao shopping you will need to download Alipay.

For anyone who will only be in China short term and wants to link a foreign card it may be worth downloading Alipay and using their Tour Pass as this has more features than adding a foreign bank card to WeChat Pay.

WeChat Pay vs Alipay – FAQs

What is the difference between WeChat Pay and Alipay?

WeChat Pay and Alipay can both be used for almost all of the same things, however, the main difference between WeChat Pay and Alipay is that WeChat Pay is an in app feature of the social media app WeChat whereas Alipay is a dedicated smart and mobile payment system.

WeChat Pay is more of a social app which is used to navigate daily tasks, whereas Alipay is more focused towards e-commerce and financial products.

Can WeChat transfer money to Alipay?

Yes, you can transfer money from WeChat Pay to Alipay. However, this feature only works if you have a Chinese bank account.

Can you use WeChat Pay without a Chinese bank account?

Yes, as of November 2019 you can now get WeChat Pay without a Chinese bank account.

You are now able to add a foreign credit card to WeChat Pay, however this does restrict what you can use WeChat Pay for.

Can you use Alipay without Chinese bank account?

Yes, you can now use Alipay without a Chinese bank account.

Foreigners without a Chinese bank account can top up an e-wallet called a “Tour Pass” using their foreign bank card.

Read our full guide on Alipay for foreigners.

Can I use WeChat Pay in China?

Yes anyone can use WeChat Pay in China.

You can link your Chinese bank account, or if you don’t have one you can now link a foreign credit card.

Can foreigners use Alipay outside China?

No, currently only mainland Chinese citizens with a Chinese ID number are able to use Alipay outside of China.

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    Irene Magnosi , Student Advisor

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