Sun shared one innovation that has had a great influence with the launch of the payment app . “ In 2014 , Tencent ’ s WeChat fundamentally changed the game , by allowing you to send the digital red packet to your friends or to your chat group . Traditionally , the hóngbāo , the Red Packet was only given between family and friends for good luck during the Chinese New Year period .”
Sun explained that WeChat Pay enables almost all aspects of the average Chinese person ’ s life . “ As well as connecting people with each other , WeChat Pay also connects people with services .” If an individual leaves the house with their phone , then they do not have the need for money or a wallet , as WeChat Pay enables them to shop without these items . WeChat Pay is now the most popular payment network in China , with over 1bn users . “ This total mobile internet solution
53 www . fintechmagazine . com