WeChat announced last night to open WeChat Payment, the mobile payment solution developed by Tencent’s Tenpay, to all businesses on its platform.

A business should first apply for a WeChat Service Account, where sophisticated features can be added with APIs and then WeChat Payment. A few selected Service Accounts have been testing WeChat Payment for taking payments directly within WeChat.

It takes five working days to process applications, WeChat said, and a security deposit is required. For those who now only have Subscription Accounts which only allow for pushing content to subscribers, they can apply to upgrade to Service Accounts and it takes one working day.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com