Mobile Payment 

Big number of user

-Over a billion Chinese people use WeChat until 2018.

 

Strong social network function

-Since WeChat is a networking platform, its payment function can help business owners to build and manage customer relationship through some (e.g. through discount activities).

 

Safety is not a big issue

-WeChat Pay supports payment safety system, and users will not save very large sum of money in WeChat usually.

Bank functions

-Alipay is like a mobile bank, because it offers several kinds of financial products that help users to manage their money.

 

Used under diverse situations

-Alipay can be used under more situations than WeChat can, for example, it can be used when users do online shopping and take subways.

 

Convenience

-Alipay offers loan services, and the interest rate is affordable to users.

Security

-All transactions are made using tokens rather than credit card data, so merchants never have access to users' card data.

 

Preventing fraud

-As customers are in complete control of the transaction, it's near impossible for fraudsters to steal card information to make fraudulent transactions. 

 

No need for internet connection

-Apple Pay can be used everywhere and does not accumulate any roaming charges. It can also be used when users' phones are in airplane mode.