WeBank’s inability to pay may have reached the upper limit. The WeBank account is a second-category account. The difference from the first-category account is that when opening the account, the original ID card, signature and interview of the person are not verified. The authenticity of the account and the person cannot be strictly guaranteed, and transfers are not allowed due to policy restrictions.

WeChat Wallet is just an e-wallet account for third-party payment. In principle, transfers are not allowed, only consumption and financial management are allowed. Now that Tencent has made transfers within the WeChat payment system, it has already been sidelined.

Oh, by the way, Tencent and WeBank are not the same company in a strict sense. Tencent does not hold 100% control of WeBank.

WeBank was officially opened in 2014 and is the first private bank and Internet bank in China. WeBank focuses on providing better and more convenient financial services to small and micro enterprises and the general public, using financial technology to explore new models and methods of inclusive finance and serving the real economy, and insists on operating in compliance with laws and regulations and strictly controlling risk.

WeBank has successively launched Weilidai, Weiyedai, Weikedai, WeBank App, WeBank Enterprise Aipu App, Xiaoehuahua, We2000 and other products to serve individual customers. It has exceeded 250 million people and has more than 1.7 million corporate customers.

WeBank carries out technical research and development on the underlying algorithm research and application of key core technologies such as blockchain, artificial intelligence, big data and cloud computing, and became the first domestic high-tech enterprise in 2017. Qualified commercial bank.

WeBank has ranked among the top 100 banks in China. International rating agencies Moody's and Standard & Poor's have given WeBank "A3" and "BBB+" ratings respectively. Forrester, an internationally renowned independent research company, defines WeBank as "the world's leading digital bank"

Main products

WeBank has three major businesses: public banking, direct banking and scene banking. The sector has successively launched Weilidai, Weiyedai, Weichedai, Weizhong Bank App, Weizhong Enterprise Aipu App, Xiaoehuahuai, We2000, etc.

Weilidai

< p>Weizhong Bank launched a fully online, pure credit, borrow-and-use microfinance product "Weilidai", which has issued a total of 460 million to more than 28 million customers in nearly 600 cities in 31 provinces, municipalities, and autonomous regions across the country. loans, with a cumulative loan amount exceeding 3.7 trillion yuan. About 77% of the credit customers of "Weilidai" are engaged in non-white-collar service industries, and about 80% have a college degree or below; the average loan amount is about 8,000 yuan, and the interest on more than 70% of the settled loans is less than 100 yuan.

Weiye Dai

WeBank launches China's first online unsecured corporate working capital loan product - Weiye Dai. More than 70% of Weiye Loan's customers are in the manufacturing, wholesale and retail industries, and high-tech industries, and more than 60% of the companies have obtained corporate loans from banks for the first time. Weiyedai serves more than 1.7 million small and micro enterprise legal customers, has issued a total of nearly 400 billion yuan in loans, and indirectly supported the employment of nearly 4 million people.

In October 2020, WeBank further upgraded its corporate financial service brand to "WeBank +" on the basis of WeBank to serve the financial and non-financial needs of small and micro enterprises and create a comprehensive Link business service ecology.