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Huang, 28, a business strategist in Shenzhen, received a digital envelope with 200 electronic Chinese yuan, or eCNY, worth around 30. After joining the lottery through the social media app WeChat, Ms. The report also showed that an increasing number of consumers used WeChat to hail taxis, buy scenic spot tickets, and book hotels. Annabelle Huang recently won a government lottery to try China’s latest economics experiment: a national digital currency. Taking orders through QR codes has become trendy at restaurants, with 53 percent of diners chose to pay bills through WeChat Pay. But in 2014, WeChat made the ingenious move to allow users on its social platform to send digital hongbao (red envelopes) to other users which super-charged wallet adoption across WeChat’s nearly 1 billion users. The number of retail transactions using WeChat Pay surged 62 percent year on year. As recently as three years ago, Alipay had a near-monopoly on the market, accounting for over 80 of transaction value. Over 50 million individual businesses were active users of WeChat Pay, one of the country's two major third-party payment platforms, accounting for nearly 80 percent of the country's total.
#Some china wechat pay ecny 150m code
Smartphone payment services that use QR code technology became more prevalent in China last year, according to a report released by WeChat, China's popular social media platform. A journalist experiences the mobile payment tool of Wechat Pay at a 7-Eleven convenience store in Hong Kong, south China, Aug.