Tech Planet said some users couldn’t find Alipay on Meituan while monthly payment, debit card, WeChat Pay and Apple Pay are still available.
“Why doesn’t Taobao support WeChat Pay?” Meituan CEO Wang Xing responded on social media. “WeChat Pay has more active users than Alipay and lower transaction fees.”
On May 29, Meituan launched its monthly payment plan where users can “buy this month and pay next month” with a maximum interest-free period of 38 days. It also supports installment payments up to 12 months.
Meituan’s revenue dropped 13% in the first quarter of 2020 due to the impact of COVID-19. The company has since launched “contactless delivery” services to reboot delivery orders during the quarantine.