In March, Huawei acquired a payment license. Huawei said it hopes to provide consumers with richer digital life services through this acquisition. On October 4, Zhongzheng Jun learned that Huawei paid to test the waters. Under the new situation, Tencent WeChat Pay and Alipay have taken open steps. In the future, whether Huawei Pay is launched on WeChat and Taobao still needs further observation.
Huawei Pay to test the waters
On October 4, Zhongzheng Jun learned that Huawei Payment has begun to test the waters, and the application scenario is the sales of tickets for the Huawei Developer Conference 2021.
The event time is from September 24th to October 10th. According to reports, during the event, pay for tickets to the Huawei Developer Conference 2021 (Together) through the “Huawei Wallet” scan code, and select “Huawei Pay” at the “Huawei In-App Payment Cashier” to purchase tickets with a supported bank card, and the amount of a single order If you spend RMB 200, you can enjoy an immediate discount of RMB 50.
It is reported that the event only supports Huawei Wallet 9.0.14.311 and above, HMS Core 6.1.0 and above.
However, Zhongzheng Jun noticed that there is no such option as “Huawei Pay” for purchasing goods in the application scenario of “Huawei Wallet”. This also means that when selling tickets for the Huawei Developer Conference, choose Huawei Pay, or try the waters for a while.
Source: Huawei Developer Alliance website
In March of this year, Huawei obtained a payment license through acquisition. According to Tianyan Check, on March 29, Shenzhen Xunlian Zhifu Network Co., Ltd. had a business change, Shanghai Vo Ruiou Information Technology Co., Ltd. withdrew from shareholders, and Huawei Technologies Co., Ltd. was added as a shareholder, with a 100% shareholding ratio.
According to data, Shenzhen Xunlian Zhipay Network Co., Ltd. was established in June 2013 with a registered capital of 200 million yuan. The company’s business scope includes electronic payment, Internet payment, computer technology services, database and computer network services, and online data processing and transactions. Business, information service business, etc.
According to the information on the official website of the People’s Bank of China, in July 2014, Shenzhen Xunlian Zhipay Network Co., Ltd. obtained a payment license. Its business types include Internet payment, mobile phone payment, and digital TV payment, and its business coverage covers the whole country. The latest information shows that the current business types are only Internet payment and mobile phone payment, and the validity period is until July 2024.
Regarding the acquisition of the payment license, at the end of March this year, Huawei publicly responded that it hopes to provide consumers with richer digital life services through this acquisition and create a safer and more convenient full-scenario smart experience for consumers.
Challenge Alipay and WeChat Pay
Mobile payment has become one of the important payment methods used by consumers, which has also attracted mobile phone manufacturers to enter the game. The CICC research report shows that 74% of users will use mobile payment every day in 2020. The micro-payment characteristics of mobile payment have become increasingly prominent, with a single payment of less than RMB 100 accounting for 38.4%.
Guosen Securities pointed out that many Internet giants have obtained Internet payment licenses, but due to the number of users and usage scenarios, they cannot yet be promoted on a large scale. Currently, Internet giants with third-party payment licenses include Alibaba, Tencent, NetEase, Suning, JD, Baidu, Sina, Meituan, Vipshop, etc. Pinduoduo has obtained licenses indirectly through acquisitions.
In addition, in 2020, the company under ByteDance founder Zhang Yiming won a payment license through acquisition.
Guotai Junan analyzed that at present, the third-party payment market has formed a market pattern in which two giants, Alipay and Tenpay (WeChat Pay) occupy the main market share. The two third-party mobile payment markets in China have a total share of about 94%, of which the Alipay market The share is around 55%, while Tenpay’s market share is basically 39%. In the C-end payment market, the two giants Alipay and Tenpay have an absolute advantage.
Recently, WeChat Pay and Alipay have taken steps to open up. A few days ago, Tencent WeChat Pay said that Tencent WeChat Pay and UnionPay Cloud QuickPass are promoting deeper interconnection at the payment and service levels. Alipay stated that Alipay will open online scenes to UnionPay QuickPass, and the first batch will cover 85% of Taobao merchants; Alipay and Cloud QuickPass will recognize each other by scanning codes.
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