Users will invest in some money funds and enjoy a certain income when they deposit the money in the change pass. So change pass is a wealth management product.
At the same time, users can directly use the money in the change account for consumption, such as transfer, red envelope, code scanning payment, credit card repayment and so on. If the funds in the change account are transferred from the user's bank card,
Then the user can transfer this part of the funds from the change account to the bank card at any time, free of charge, within 1000 yuan per day, within 2 hours, or transfer to change;
If the funds in the change card are mainly small change, this part of the funds cannot be directly transferred to the bank card, but the user can transfer this part of the funds to the change first, and then transfer it from the change to the bank card, and only need a handling fee.
Coin Pass is the latest function of WeChat, which is similar to Yu 'ebao: users can directly use the money in the coin pass for consumption, such as transferring money, issuing red envelopes, scanning code payment, and returning credit cards. At the same time, when the funds in the change account are not used, the income can be automatically obtained.
Bitcom is a basic service account of WeChat payment alongside "Coin". Users can access it directly through WeChat-Wallet-Coin-Shit Coin to manage money with small change. Users can transfer money from WeChat change or bank debit card to change money, and all funds of change money can also be transferred to WeChat change or bank card, and there is no handling fee for transfer.
A few days ago, "Change Pass" began a small-scale test among tens of thousands of WeChat users, mainly targeting some employees of Tencent Shenzhen and WeChat users who had previously opened the change financing function. The official opening time is still uncertain.
It is believed that Tencent's move is intended to counter the "Bao Yue" products of Ali Ant Financial.
Wechat "Bitong" and "Yuebao" are different in product scale, function and positioning.
Wechat "change pass" has a small scale of funds and belongs to the "small amount and high frequency" financial management scenario. The way to transfer money can be not only through WeChat change transfer, but also through other channels such as bank cards. The part transferred from WeChat change can only be transferred back to WeChat change, and the part transferred from bank card can be directly withdrawn to bank card. Among them, the source of WeChat change mainly comes from sending and receiving red envelopes and transferring money between friends, while the consumption scenes are mainly taxis and meals, all of which are small scenes.
The single-day limit of WeChat "Change Pass" is 65,438+10,000 yuan, and the maximum limit of WeChat change payment is 200,000 yuan/year.
Wechat has previously launched the function of "small change financing", but this part of financing funds is separated from the small change account, so it is impossible to spend money at any time while managing money. Tencent said that the introduction of "change" is to better enhance the user experience of WeChat.
The cooperative fund companies of WeChat "Change Pass" will be E Fund, southern fund and harvest fund, and there is no cooperation with Huaxia Fund. The funds transferred by users to the "change pass" will be market funds managed and sold by the above three fund companies.