Shulou(Shulou.com)11/24 Report--

Thank CTOnews.com netizens Rimi Ishihara for the delivery of the clue to happiness! CTOnews.com, Sept. 5, according to Laser Finance, Wechat will launch an all-line consumer credit product called Wechat installment, which is currently in a small gray test stage and is expected to expand the scope of user testing in the second half of the year, but the official launch date is uncertain.

It is worth mentioning that Wechat already has "Wechat pay", a self-supporting consumer financial product, which focuses on an interest-free period and is charged on a daily basis. It is also in the testing stage, but many users have already obtained the test qualification.

To put it simply, when using Wechat to "pay", users can choose to pay first (only applicable to some consumption scenarios), and then extend the payment time during the account period or pay the bill in installments, with a minimum repayment of 10% of the bill. the rest will continue to pay interest on a daily basis.

The ▲ "payment" page does not have the same function as "installment". CTOnews.com learned from Wechat customer service that "Wechat staging" is currently in a small-scale testing stage, and users with test qualifications will see the "phased entry" in the "Wallet" section.

Wechat customer service also reminds that at present, there is no so-called payment activation for "Wechat installment" and "Wechat payment", nor do you charge additional fees to sellers. Please do not trust false information such as paid invitations and internal channels to avoid losses.

From the function of Wechat phased products, Wechat staging is positioned as a consumer phased product, relying on WeChat Pay's scene end to provide Wechat users with more consumption phased choices when consuming.

Official information shows that users who are qualified for testing can choose "installment" as the payment method. After payment, they can repay according to the number of installments selected by issuing the order, and support repayment in 1st, 3rd, 6th and 12th installments. On the other hand, the installment fee adopts risk pricing according to the user's qualification and the number of instalments.

In contrast, the biggest difference between Wechat installments and Wechat payments is that you can actively set the number of repayment periods. At present, although Wechat payment can also provide installment repayment service, but can not take the initiative to choose installments, do not pay off every month can be achieved by installments.

Considering that these two products are currently in the testing stage, and the functions overlap to a certain extent, we do not rule out the possibility of subsequent integration into the same service or differentiation of functions.

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