Everything You Need to Know with WeChat Malaysia 2022 (Updated)

Introduction

WeChat Pay is the most popular payment system mainly used in China. Ever since its launch date in 2011, it has become an essential in their everyday lives. China uses WeChat for communication, online banking, day-to-day purchases, and even in their everyday fare. WeChat is an advanced system that allows any user to handle every transaction with their fingertips. How nice it must be to get everything you need by simply using your phone? Welcoming a cashless culture seems very tempting at any given time.

However, WeChat Pay is most commonly used in China because there is no competition for the app. It can be very easy to use WeChat inside the country, but it is hard for them to venture outside their mainland. There are a lot of messaging apps that people find useful outside China. Like Japan, for example, they already have their own app called Line.

Although the said countries have been lost causes for WeChat, China has focused its attention on other countries that have not developed online payment systems yet. That is where Malaysia comes into light. The country being home to a significant number of Chinese nationals makes it a perfect market for WeChat Pay to launch. 

The launch of WeChat in Malaysia proves that the system works effectively on other countries, and may be the start of the rise of digitized payment all over the world.

WeChat Pay in Malaysia

Before the WeChat era, Malaysians already used a variety of e-wallets for their online payments such as Samsung Pay, Vcash, and Alipay. But with the Chinese population in Malaysia, the launch of WeChat Pay was highly anticipated. It was known to change the whole payment system in China for the better, and we expect the same in this country.

For the past two years, Tencent Group has been testing WeChat pay on selected users in Malaysia to prove the effectiveness of the app. However, with the limited transfer currencies in the country, it was hard to determine whether or not it will be a hit.

Now that the payment system has finally taken off, it should finally be compatible with most of the credit and debit cards. It can also be tied to foreign credit cards for a more efficient transaction you can enjoy.

Not only that, local banks also agreed to team up with WeChat Pay as well. Hong Leong Bank has already enabled merchants to accept payment through WeChat since 2017. Since then, a lot of other local banks have followed suit.

You may experience limited transactions with WeChat Pay at this moment, but it is promised that the payment system will extend to more than mobile top ups and bus ticket payments in the very near future.

Payment methods

There are two choices to pay using WeChat Pay, you can use Quick Pay or In-App Payment. Here is how you can use the payment methods.

1. Quick Pay

This is the easiest mode of payment using the app. Vendors provide a QR code for the customers to scan using their mobile phones and that will automatically let them pay for the product or service they have purchased

Additionally, the customers can use the QR code scanner to view the products they wish to purchase without actually having to go through the different products displayed in the store.

2. In-App Payment

If there are no QR codes available in the store or if the customer wishes to pay using a different app, the vendor can authorize WeChat to process payments made through other apps. This alternative comes in handy when the wallet of the customer does not have enough balance to pay for the products or services they have purchased.

You can use the app for bus tickets, cinema seats, and you can also top up your mobile prepaid via WeChat Pay.

How to Top Up WeChat Wallet in Malaysia

Topping up your WeChat wallet is made very easy with this app. You can find your wallet under the “Me” tab, and you can easily top up your wallet from there. Here’s how:

1. Once you are inside the wallet, click Balance
2. Read and understand the notice that will pop up on the screen and click “I understand”
3. Set the payment method for the wallet
4. Enter your card details on the form provided and input the amount you wish to top-up
5. Another notice will be sent to your phone from your bank, verify the top-up transaction

That’s it! 5 easy steps to top up your WeChat Wallet in Malaysia. Isn’t it easy?

How to Receive Money on WeChat Pay in Malaysia?

Not only can you easily send money to pay any merchant or vendor, personal users can also receive money via WeChat. Here’s how:

1. Click the receive money tab on the app
2. A personal QR code will appear on the screen, show your QR code to your customer or friend
3. Wait for the transaction to be completed and that’s it

How to Send Money on WeChat Pay in Malaysia?

WeChat allows its users to send money to any of their contacts using WeChat Pay. This makes it easy for anyone to pay their debts, split the bill, and send gifts. Here’s how you can do it:

1. Open the chat of the contact you wish to transfer money to
2. Click the plus icon
3. Choose the Money Packet icon on the drop down that will appear on the screen
4. Enter the amount you want to send
5. Click Prepare Money Packet
6. Click Pay Now
7. Enter your PIN

As easy as  it is to top up your wallet and receive money, sending money is also a breezy transaction for you.

Conclusion

WeChat Pay is a simple, easy, and modernized way to make cashless and hassle free payments. You will be able to send money to your friends, pay for products and services, buy groceries, buy bus tickets, or top up your WeChat Wallet.

The launch of WeChat Pay in Malaysia has given all of us the opportunity to experience the ease of cashless transactions. No more on hand transactions. Enjoy living in the modern world of online payment and controlling your expenses with the tip of your finger!