Updated October 14, 2026 · VaultCue Editorial Team
Nequi vs WeChat Pay
Nequi
Higher score in this comparison
WeChat Pay
What sets them apart
| Compare | NequiReviewSee alternativesSee alternatives | WeChat PayReviewSee alternativesSee alternatives |
|---|---|---|
| Transfer fee | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR | Free |
| Monthly fee | COP 0 | Not confirmed |
| Currency conversion fee | 3% | Not confirmed |
| Currencies | 2 | Not confirmed |
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Key differences
- Founded is lower at WeChat Pay: 2013 vs 2015.
- Support channels: only Nequi offers Chat, Community.
- Audience: only Nequi offers Teen, Freelancer.
- Audience: only WeChat Pay offers Travelers.
Our verdict on each
Nequi
Nequi suits Colombian adults who want everyday spending and an insured savings balance in a single free account, not readers who need a long currency list. The monthly fee is COP 0, and currency conversion at 3% is the only charge that adds up.
WeChat Pay
Weixin Pay is a mobile-payment solution launched jointly by Weixin and Tenpay in 2013.
Score breakdown
| Area | Nequi | WeChat Pay |
|---|---|---|
| Cost | 8.2The monthly fee is COP 0 and transfers are free, but conversion at 3% is well above the everyday-accounts median 0.22%. | Not confirmed |
| Offer | 9.1Higher | 8.5 |
| Trust | 8.4 | 8.5Higher |
How they place
| Ranking | Nequi | WeChat Pay |
|---|---|---|
| Business bank accounts | 266 of 563 | 542 of 563 |
| Money transfer services | 446 of 1564 | 1487 of 1564 |
Every fact side by side
| Fact | Nequi | WeChat Pay |
|---|---|---|
| Audience | Teen, Business, Freelancer | Travelers, Business |
| Pricing model | No monthly fee | Not confirmed |
| Features | Free ATM | Not confirmed |
| Legal entity | Nequi S.A. Compania de Financiamiento | Tenpay Payment Technology Co., Ltd. |
| Headquarters | Colombia | China |
| Founded | 2015 | 2013Lower |
| Support channels | Phone, Chat, Help centre, CommunityCovers more | Phone, Help centre |
Money transfer
| Fact | Nequi | WeChat Pay |
|---|---|---|
| Exchange rate markup | 3% | Not confirmed |
| Delivery time | Within 24 hours | Not confirmed |
| Payout methods | Bank, Cash pickup, WalletCovers more | Bank, Wallet |
| Fee to send 1,000 | COP 0 | CN¥0 |
Savings
| Fact | Nequi | WeChat Pay |
|---|---|---|
| Rate type | Variable | Not confirmed |
| Access terms | Nequi savings account for Colombian natural persons over 18, unlimited balance and no transaction cap, one savings account per user, deposit insured by FOGAFIN | Not confirmed |
| Account kind | Easy access | Not confirmed |
Where each stands against the rest
| Fact | Nequi | WeChat Pay | Median |
|---|---|---|---|
| Monthly fee | COP 0at the median | Not confirmed | COP 0 |
| Currency conversion fee | 3%highest quarter | Not confirmed | 0.5% |
| Currencies | 2lowest quarter | Not confirmed | 5 |
Median across 536 listed accounts.
Pros and cons
Nequi
Pros
- Deposits are insured by FOGAFAN, and the balance is unlimited with no transaction cap.
- The account kind is easy access and the savings rate is variable.
- Money can go to a bank, a cash pickup point or a wallet, per bank, cash pickup and wallet.
Cons
- Currency conversion costs 3% with a markup of 3%, above the everyday-accounts fee median of 0.22%.
- Only 2 currencies are supported, against an everyday-accounts median of 9.
- A single savings account per user, and only Colombian natural persons can open it.
WeChat Pay
Pros
- Weixin Pay is a mobile-payment solution launched jointly by Weixin and Tenpay in 2013.
- It supports online and offline payment use; it is not a deposit account.
Who each suits
Nequi
Who it suits
- Colombian adults who want savings and everyday spending in a single free account with insured deposits
- People in Nequi's core audience of teen, business and freelancer, from teens to freelancers
- Freelancers in Colombia who take payouts to a bank, a cash pickup point or a wallet, per bank, cash pickup and wallet
Who should look elsewhere
- Readers who hold many currencies: Nequi covers 2 and charges 3% to convert, so Skrill is the one to compare
- Anyone earning or saving in euros rather than pesos, since Plazo ES is priced in euros with a monthly fee of €0
- Readers who want a payment wallet rather than an insured savings balance, since PayPal Colombia also has a $0 monthly fee
WeChat Pay
Who it suits
- Weixin users who want to know the scope of the mobile payment service
Current offers
Nequi
Current offer
Bonus
Tienda Virtual Nequi: Walaky cashback: Up to 7% money back
Devolucion de plata on digital purchases at Walaky through Tienda Virtual Nequi
Source, checked September 26, 2026
Bonus
Tienda Virtual Nequi: Clevercel cashback: Up to 4% cashback
Devolucion de plata on digital purchases at Clevercel through Tienda Virtual Nequi
Source, checked September 26, 2026
Country by country
| Country | Nequi | WeChat Pay |
|---|---|---|
| Colombia | Yes | No |
Questions about each
Nequi
What does Nequi cost to keep each month?+
The Nequi savings account carries a monthly fee of COP 0, so there is no standing charge for Colombian adults. Transfers to Nequi or Bancolombia accounts, to other Colombian banks by ACH and by QR are free, with a transfer fee of COP 0.
Is my money protected in a Nequi savings account?+
Deposits in the Nequi savings account are insured by FOGAFIN, and the account kind is easy access. The balance is unlimited with no transaction cap, and the account is open to Colombian natural persons with a single savings account per user.
Who regulates Nequi?+
Nequi runs in Colombia, where the regulator is the Superintendencia Financiera de Colombia, and the legal entity is Nequi S.A. Compania de Financiamiento. Deposits held in the savings account are insured by FOGAFAN, so safety rests on a named supervisor and a named deposit insurer.
Which currencies can I hold and convert?+
Nequi covers 2 currencies, and conversion costs 3% with a markup of 3%, above the everyday-accounts fee median of 0.22%. Spending and saving in pesos keeps the everyday account free of that charge.
Other options to compare
Other matchups
Related by the facts
Nequi
WeChat Pay