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31-May-2017 08:55

Users can acquire a balance by linking their We Chat account to their debit card, or by receiving money from other users.

Users who link their credit card can only make payments to vendors, and cannot use this to top up We Chat balance.

Vetted third parties, known as "official accounts", offer these services by developing lightweight "apps within the app".

Every We Chat user has their own We Chat Payment account.

The feature allows users to send money to contacts and groups as gifts.

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There are three types of official accounts: a service account, a subscription account and an enterprise account.Privacy in We Chat works by groups of friends - only the friends from the user's contact are able to view their Moments' contents and comments.The friends of the user will only be able to see the likes and comments from other users only if they are in mutual friends group.In 2016, We Chat started a service charge if users transferred cash from their We Chat wallet to their debit cards.

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On March 1, We Chat payment stopped collecting fees for the transfer function.For example, in Q2 2017 We Chat's revenues from social media advertising were about US

On March 1, We Chat payment stopped collecting fees for the transfer function.

For example, in Q2 2017 We Chat's revenues from social media advertising were about US[[

On March 1, We Chat payment stopped collecting fees for the transfer function.

For example, in Q2 2017 We Chat's revenues from social media advertising were about US$0.9 billion (6 billion Yuan) compared to Facebook's total revenues of US$9.3 billion, 98 per cent of which were from social media advertising.

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On March 1, We Chat payment stopped collecting fees for the transfer function.For example, in Q2 2017 We Chat's revenues from social media advertising were about US$0.9 billion (6 billion Yuan) compared to Facebook's total revenues of US$9.3 billion, 98 per cent of which were from social media advertising.We Chat's revenues from its value added services were US$5.5 billion.For example, friends from high school are not able to see the comments and likes from friends from university.

]].9 billion (6 billion Yuan) compared to Facebook's total revenues of US.3 billion, 98 per cent of which were from social media advertising.

.9 billion (6 billion Yuan) compared to Facebook's total revenues of US.3 billion, 98 per cent of which were from social media advertising.We Chat's revenues from its value added services were US.5 billion.For example, friends from high school are not able to see the comments and likes from friends from university.



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