- “Twitter owner Elon Musk has said he plans to transform the social media platform into a so-called “everything app,” an idea he has given little detail about, but whose blueprint can be found in Tencent’s WeChat, which is used by more than a billion users to do everything from sending text messages, making payments, booking flight tickets, playing games and even hailing a cab.
- However, Musk’s ambitions, like every other silicon valley “super-app” dream before it, faces some key hurdles. The biggest one is integrating payments. One of the key elements of WeChat’s success is that alongside Ant Financial’s Alipay, it is one of the two biggest payment platforms in China—where the use of mobile payments is ubiquitous. Most of WeChat’s other integrations are built around its payments feature and it can be used by anyone with a Chinese bank account.”