AtlasPayment MethodsWeixin Pay

Weixin Pay

pmt_weixin_pay

Introduced in 2013, Weixin Pay is a digital wallet or mobile payment service for consumer and merchant payments used primarily in China.

Wallet
Use cases:
Channels:
Initiation:
Users
800M
Markets
18
TPV
$15.0T
Transactions
500B

Number of Users

UsersYoY
20222023202420252026Five-year Users and YoY data will appear here

Total Payment Volume

TPVYoY
20222023202420252026Five-year TPV and YoY data will appear here

Markets

Markets and currencies connected to Weixin Pay across consumer, processing and settlement flows.

Market
ChinaAPAC142.0T CNY700B940M
AustraliaAPAC———
AustriaEMEA———
CanadaUS&C———
CyprusEMEA———

Capabilities

How Weixin Pay works across its supported payment flows, normalized to the Atlas capability model.

Processing
ConfirmationDelayedInstant
Clearing ModelReal-timeBatch
System Settlement Timing–
System Interoperability–
Cross-border SupportConditional
Flows
EmbeddedSupported
RedirectSupported
Deep LinkSupported
Offline CompletionConditional
Manual Transfer–
Payment Request–
QRSupported
NFCConditional
USSD–
Recurring
User-present RepeatSupported
Merchant-initiated–
Mandate Support/Required–
Credential on FileSupported
Authentication
Online Banking–
App ApprovalSupported
Biometric AuthenticationConditional
PIN / PasscodeConditional
One-time Password–
3D SecureNot supported
Authorization
Authorization Hold / Pre-authorization–
Authorization Reversal / Void–
Authorization Adjustments–
Partial Authorization–
Zero-value Verification–
Capture
Separate/Manual Capture–
Partial Capture–
Multiple Partial Captures–
Refunds
Full RefundsNative
Partial RefundsNative
Multiple Partial RefundsConditional
Disputes
ChargebacksConditional
Non-chargeback Dispute ProcessSupported
Payment GuaranteeNot guaranteed
Funding Sources
Bank AccountConditional
CardConditional
Stored BalanceSupported
Credit Line–
Cash–
Consumer Requirements
Local Bank Account Required–
App / Wallet Account RequiredRequired
Phone Number RequiredConditional
Supported Bank/Issuer Required–
Merchant Requirements
Local Entity Required–
Local Bank Account Required–
Local Acquiring Required–
Local Processing Required–

PSPs

PSP-specific Weixin Pay implementations, kept separate from the underlying payment method.

No PSP implementations have been mapped for this method yet.

Schemes

Schemes connected to Weixin Pay, using the same four-metric model as the overview.

Scheme
eMoney

Compliance

Regulators and regulations connected to Weixin Pay.

Regulator(s)
No regulators have been mapped yet.
Regulation Category

Standards

Standards connected to Weixin Pay.

No standards have been mapped yet.
Weixin Pay87.0%
Markets100%PSPs0%Schemes50.0%Compliance100%Standards0%