The retail economy is being run on these systems and that trust is critical. WeChatPay works because of the higher level of trust the app enforces. I found it easier to sign up to wechat(pay) than TransferWise, who have 3 potential authentication methods and none work as advertised in my country. Cash is only as a backstop, or perhaps to ask someone to send you wechatpay balance. At a large high quality restaurant we were at yesterday we could not pay them at the table so we went to the checkout and the scanned.Ĭredit cards are not useful except for pulling cash out of ATMs or at really western stores. Wechatpay is accepted everywhere- either by you sending money to the buyer (smaller retailers, requires your phone to be online) or by the retailer scanning you (larger retailers, you can be offline).Į.g. It’s hard but we did it a week or two back for our current travels in China.
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