Wechat Pay said it will leverage its digital capability to facilitate small and micro enterprises to better integrate online and traditional businesses, while providing insurance guarantees and marketing support for them.
Through digital operation tools such as online community and mini-programs on Wechat, China's popular social media platform, micro and small firms have further tapped market potential to create a new growth driver as the epidemic wanes across the country.
Wechat Pay also said it will continue to help over 50 million self-employed individuals and enterprises on its platform conduct digitalized operations at a lower cost while lowering the threshold.
Surging demand for non-contact services has further promoted the digital transformation of online service forms in the epidemic period, an earlier industry report showed.
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