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The feature was launched through a promotion during China Central Television's heavily watched New Year's Gala, where viewers were instructed to shake their phones during the broadcast for a chance to win sponsored cash prizes from red envelopes.The red envelope feature significantly increased the adoption of We Chat Pay.Users can acquire a balance by linking their We Chat account to their debit card, or by receiving money from other users.Users who link their credit card can only make payments to vendors, and cannot use this to top up We Chat balance.Once users as individuals or organizations set up a type of account, they cannot change it to another type.By the end of 2014, the number of We Chat official accounts had reached 8 million.

It can also integrate with other social networking services such as Facebook and Tencent QQ.We Chat Pay's main competitor in China and the market leader in online payments was Alibaba Group's Alipay.Alibaba company founder Jack Ma considered the red envelope feature to be a "Pearl Harbor moment", as it began to erode Alipay's historic dominance in the online payments industry in China, especially in peer-to-peer money transfer.Vetted third parties, known as "official accounts", offer these services by developing lightweight "apps within the app".Every We Chat user has their own We Chat Payment account.

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