Tencent has started testing a credit scoring feature for WeChat Pay in numerous cities around China, basing a user’s rating on spending behavior and personal connections, among others. The system, dubbed WeChat Pay Points has been rolled out in Beijing, Shanghai, Guangzhou, and Shenzhen. The social aspect of the app will be included when scoring users. The system is reminiscent of Alibaba-affiliate Ant Financial’s Sesame Credit, which rates users on a scale of 350 to 950. The e-commerce giant’s platform users metrics including purchase history, assets, and fulfillment of contractual obligations to calculate a user’s score.
*) SubChina 12th January 2019