> The payment feature scales up very quickly, allowing you to do everything from book cabs through the app through to splitting restaurant bills with other peop

> The payment feature scales up very quickly, allowing you to do everything from book cabs through the app through to splitting restaurant bills with other people. Weixin Pay's pricing for money handling seems pretty competitive compared to Western systems. 0.1% to transfer out of their system to your bank if you are transferring >$3200 USD, and 0.6% to process a payment [1]. I wonder when Weixin Pay and startups like Payoneer [2] will get tired of the friction imposed by the current banking interchange systems, and set up their own identity and interchange solution to start breaking 1% on all of a transaction life cycle's service fees (from payer removing from their account and paying, to payee accepting and debiting to their account, perhaps including forex conversion, to final settlement). [1] https://chinachannel.co/take-wechat-payments-small-business/ https://chinachannel.co/take-wechat-payments-small-business/ [2] https://www.payoneer.com/fees/ https://www.payoneer.com/fees/