Global card linkage will help users, merchants
1 year, 4 months ago

Global card linkage will help users, merchants

China Daily  

A recent decision by WeChat Pay and Alipay to fully open up their online payment services to international card organizations such as Mastercard, Visa, JCB and Discover Global Network will offer greater convenience to global users in mobile payments and enable millions of small merchants to tap overseas purchases, industry experts have said. "China's mobile payment has leapfrogged to become the dominant payment method in the country in recent years, while most people in foreign countries still adopt traditional payment methods like bank cards," said Zhao Xijun, a finance professor at the Renmin University of China in Beijing. "The shift toward enhancing mobile payment options for international users in China is a significant step forward," said Luigi Gambardella, president of ChinaEU, an international association promoting digital and high-tech cooperation between Europe and China. "The transformation not only benefits individual travelers and merchants, but also strengthens China's position as a world leader in the adoption of mobile payments and a major contributor to global advancement in fintech," Gambardella said.

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History of this topic

Expats impressed by payment services in Shanghai
1 month, 3 weeks ago

Expats impressed by payment services in Shanghai

China Daily  

Shanghai has garnered praise for its seamless financial services catering to both short-term foreign visitors and long-term expat residents, according to feedback from four expats on Oct 25. At the event, Bank of China showcased a range of services, including foreign card payments, currency exchange, mobile payments, and assistance with opening and managing local bank accounts, as well as tax …

Mobile payment helps fuel holiday consumption
2 months, 2 weeks ago

Mobile payment helps fuel holiday consumption

China Daily  

Passengers wait to exit Nanjing Railway Station in Nanjing, Jiangsu province, on Monday, the last day of the seven-day National Day holiday. China's innovative mobile payment options fueled a new wave of inbound travel-related consumption during the National Day holiday period that ended on Monday, injecting more vitality into the global tourism industry, said industry experts. Data from leading online …

Alipay sees surge in overseas visitors
2 months, 2 weeks ago

Alipay sees surge in overseas visitors

China Daily  

chinadaily.com.cn| Updated :2024-10-08 A foreign visitor uses Alipay when making payment. The spending made by overseas visitors via Alipay, a popular mobile payment tool launched by Chinese fintech company Ant Group, surged about 120 percent year-on-year during the first four days of the weeklong National Day holiday, according to data released by Alipay. The amount of spending from foreign tourists, …

Mobile pay services offer convenience
3 months, 3 weeks ago

Mobile pay services offer convenience

China Daily  

Foreigners visiting China are taking advantage of the nation's easier-to-use mobile payment services, with the number of users and transactions soaring over the past few months, a report said. From January to June, over 5 million inbound travelers used mobile pay services, a fourfold increase year-on-year, according to the report released by the China Internet Network Information Center on Thursday. …

Behind China's growing appeal to intl travelers
5 months ago

Behind China's growing appeal to intl travelers

China Daily  

Clouds in the Wulingyuan Scenic Area of Zhangjiajie in Hunan province evoke scenes from the Hollywood movie Avatar, which based its scenes of floating mountains on this area. Travel made easy According to a recent survey conducted by Beijing Foreign Studies University, among 714 foreign tourists from 103 countries, 86 percent of those who have visited China said the payment …

Behind China's growing appeal to intl travelers
5 months, 1 week ago

Behind China's growing appeal to intl travelers

China Daily  

Clouds in the Wulingyuan Scenic Area of Zhangjiajie in Hunan province evoke scenes from the Hollywood movie Avatar, which based its scenes of floating mountains on this area. Travel made easy According to a recent survey conducted by Beijing Foreign Studies University, among 714 foreign tourists from 103 countries, 86 percent of those who have visited China said the payment …

Behind China's growing appeal to intl travelers
5 months, 1 week ago

Behind China's growing appeal to intl travelers

China Daily  

Clouds in the Wulingyuan Scenic Area of Zhangjiajie in Hunan province evoke scenes from the Hollywood movie Avatar, which based its scenes of floating mountains on this area. Travel made easy According to a recent survey conducted by Beijing Foreign Studies University, among 714 foreign tourists from 103 countries, 86 percent of those who have visited China said the payment …

Foreigners embrace enhanced payment services in China
5 months, 1 week ago

Foreigners embrace enhanced payment services in China

China Daily  

China's visa-free policy and other measures have substantially boosted international exchanges. As flights to China return to pre-pandemic levels, the country has welcomed 12.09 million foreign visitors from January to May-end 2024, with 7.01 million utilizing the visa-free policy, according to the National Immigration Administration. Many foreign visitors rely on bank cards and cash, while mobile payment are the prevalent …

Foreigners embrace enhanced payment services in China
5 months, 2 weeks ago

Foreigners embrace enhanced payment services in China

China Daily  

China's visa-free policy and other measures have substantially boosted international exchanges. As flights to China return to pre-pandemic levels, the country has welcomed 12.09 million foreign visitors from January to May-end 2024, with 7.01 million utilizing the visa-free policy, according to the National Immigration Administration. Many foreign visitors rely on bank cards and cash, while mobile payment are the prevalent …

Talking Business | Foreigners embrace enhanced payment services in China
5 months, 3 weeks ago

Talking Business | Foreigners embrace enhanced payment services in China

China Daily  

China's visa-free policy and other measures have substantially boosted international exchanges. As flights to China return to pre-pandemic levels, the country has welcomed 12.09 million foreign visitors from January to May-end 2024, with 7.01 million utilizing the visa-free policy, according to the National Immigration Administration. Many foreign visitors rely on bank cards and cash, while mobile payment are the prevalent …

Foreigners embrace enhanced payment services in China
5 months, 3 weeks ago

Foreigners embrace enhanced payment services in China

China Daily  

China's visa-free policy and other measures have substantially boosted international exchanges. As flights to China return to pre-pandemic levels, the country has welcomed 12.09 million foreign visitors from January to May-end 2024, with 7.01 million utilizing the visa-free policy, according to the National Immigration Administration. Many foreign visitors rely on bank cards and cash, while mobile payment are the prevalent …

China specifies steps to improve payment services in tourist attractions
8 months, 1 week ago

China specifies steps to improve payment services in tourist attractions

China Daily  

A foreign tourist pays via Alipay at a store in Beijing. Chinese authorities have specified a slew of measures to further enhance payment convenience in major tourist attractions across the country and cater to diversified payment demand from elderly citizens, foreigners and other tourists. Domestic and overseas bank cards should be accepted in all three-star and above tourist hotels, 5A-level …

Apps simplify expense steps for foreign users
8 months, 1 week ago

Apps simplify expense steps for foreign users

China Daily  

Chinese mobile payment service providers are making it easier for overseas visitors to pay for their daily purchases online, as part of a broader drive by the nation to improve the payment experiences of foreigners. Alipay allows foreigners in China to link their international bank cards, including Visa, Mastercard, JCB and Discover Global Network, to its mobile payment tool, greatly …

China specifies steps to improve payment services in tourist attractions
8 months, 2 weeks ago

China specifies steps to improve payment services in tourist attractions

China Daily  

Chinese authorities have specified a slew of measures to further enhance payment convenience in major tourist attractions across the country and cater to diversified payment demand from elderly citizens, foreigners and other tourists. Domestic and overseas bank cards should be accepted in all three-star and above tourist hotels, 5A-level and 4A-level national tourist attractions, national and provincial tourist resorts, and …

Apps simplify expense steps for foreign users
8 months, 2 weeks ago

Apps simplify expense steps for foreign users

China Daily  

A foreign resident uses a mobile payment app at a restaurant in Hangzhou, Zhejiang province. Alipay allows foreigners in China to link their international bank cards, including Visa, Mastercard, JCB and Discover Global Network, to its mobile payment tool, greatly streamlining the payment process, said Zhu Xugang, director of cross-border business at Ant Group. According to the payment guide, no …

China enhances payment services at key tourism sites
8 months, 2 weeks ago

China enhances payment services at key tourism sites

China Daily  

Chinese authorities recently released a circular with specified measures to further optimize payment services and improve convenience in major tourist attractions across the country. The diverse payment needs of senior citizens, foreign and other visitors in the cultural and tourism sectors will be better met, according to the circular jointly issued by the People's Bank of China, Ministry of Culture …

Visitors to benefit from payments revamp
8 months, 2 weeks ago

Visitors to benefit from payments revamp

China Daily  

A foreign buyer places orders at the Yiwu International Trade Market in Yiwu, Zhejiang province, in February 2023. The bank said it will continue to enhance foreign currency exchange capabilities, strengthen the acceptance environment for foreign card payments, and collaborate with UnionPay and international card organizations to set up innovative payment solutions and provide a more convenient consumer experience for …

Ant Group simplifies payment experience for foreigners, elderly
8 months, 2 weeks ago

Ant Group simplifies payment experience for foreigners, elderly

China Daily  

Ant Group plans to expand mobile payment methods and build more international consumer-friendly zones across major tourist hot spots and commercial cities in China, as part of a broader push by the financial technology company to simplify payment services for foreigners in the country. The company will improve payment services at locations most frequented by foreign visitors, including key transportation …

China specifies steps to improve payment services in tourist attractions
8 months, 2 weeks ago

China specifies steps to improve payment services in tourist attractions

China Daily  

Chinese authorities have specified a slew of measures to further enhance payment convenience in major tourist attractions across the country and cater to diversified payment demand from elderly citizens, foreigners and other tourists. Domestic and overseas bank cards should be accepted in all three-star and above tourist hotels, 5A-level and 4A-level national tourist attractions, national and provincial tourist resorts, and …

Ant Group simplifies payment experience for foreigners, elderly
8 months, 2 weeks ago

Ant Group simplifies payment experience for foreigners, elderly

China Daily  

A foreign tourist pays via Alipay at a store in Beijing. Ant Group plans to expand mobile payment methods and build more international consumer-friendly zones across major tourist hot spots and commercial cities in China, as part of a broader push by the financial technology company to simplify payment services for foreigners in the country. The company will improve payment …

Mastercard eyes booming Chinese consumer market
8 months, 3 weeks ago

Mastercard eyes booming Chinese consumer market

China Daily  

Various payment options including Mastercard, UnionPay and Visa are available at a store in Shanghai. Mastercard NUCC Information Technology Co Ltd, a joint venture between Mastercard and NetsUnion Clearing Corp, received formal approval from the People's Bank of China — the nation's central bank — late last year for domestic bank card clearing activity in China and recently launched the …

Multilingual Alipay to enhance foreigners' e-payment experiences
9 months ago

Multilingual Alipay to enhance foreigners' e-payment experiences

China Daily  

By FAN FEIFEI | China Daily | Updated: 2024-03-19 09:04 A foreigner pays via Alipay at a shop in Shanghai. CHINA DAILY Alipay, the digital payment arm of Chinese financial technology company Ant Group, is allocating more resources to roll out translation services in 16 languages, to ensure foreigners in China can use mobile payments without any hurdles. Alipay has …

Payment guide seen as assisting opening-up
9 months, 1 week ago

Payment guide seen as assisting opening-up

China Daily  

The recently released guide to further improve foreigners' payment experiences in China is not only part of the country's continued opening-up but is also conducive to the internationalization of its financial sector, said experts. The People's Bank of China, the country's central bank, released on Thursday a payment guide which provides foreigners with text and graphic instructions on using bank …

PBOC releases guide to payment services for foreigners
9 months, 1 week ago

PBOC releases guide to payment services for foreigners

China Daily  

The People's Bank of China, the country's central bank, has released a guide to payment services in China on Thursday as the latest step of the country's continuous efforts to optimize the payment experience of foreigners. Available in both English and Chinese, the guide introduces a variety of payment methods accessible to foreigners in China -- ranging from bank cards …

PBOC releases guide to payment services for foreigners
9 months, 1 week ago

PBOC releases guide to payment services for foreigners

China Daily  

The People's Bank of China, the country's central bank, has released a guide to payment services in China on Thursday as the latest step of the country's continuous efforts to optimize the payment experience of foreigners. Available in both English and Chinese, the guide introduces a variety of payment methods accessible to foreigners in China -- ranging from bank cards …

Simplified payments to facilitate foreign visitors
9 months, 2 weeks ago

Simplified payments to facilitate foreign visitors

China Daily  

Quick Response codes for digital payment services Alipay by Ant Group, an affiliate of Alibaba Group Holding Ltd, and WeChat Pay by Tencent Holdings Ltd, at a food store in Shenzhen, China, on Monday, Feb 12, 2024. The General Office of the State Council, China's Cabinet, published a guideline on improving payment services and enhancing payment convenience on Thursday as …

Making payment easier for foreigners, seniors
9 months, 3 weeks ago

Making payment easier for foreigners, seniors

China Daily  

Visitors to the Bund in Shanghai in April pose for a photograph, with the Pudong financial district in the background. WANG GANG/FOR CHINA DAILY At the State Council executive meeting on Feb 23, a guiding document on further optimizing payment services and improving convenience of payment was reviewed and approved. Focusing on the inconvenience faced by senior citizens and foreigners …

Global card linkage will help users, merchants
1 year, 4 months ago

Global card linkage will help users, merchants

China Daily  

A recent decision by WeChat Pay and Alipay to fully open up their online payment services to international card organizations such as Mastercard, Visa, JCB and Discover Global Network will offer greater convenience to global users in mobile payments and enable millions of small merchants to tap overseas purchases, industry experts have said. "China's mobile payment has leapfrogged to become …

Alipay: overseas tourists can enjoy mobile payment across China
1 year, 4 months ago

Alipay: overseas tourists can enjoy mobile payment across China

China Daily  

The logo of Alipay is seen in Shanghai on March 5, 2021. Alipay, the mobile payment tool owned by Chinese financial technology company Ant Group, announced on Friday that it has allowed overseas tourists to link their international bank cards to the Alipay app. After downloading the Alipay app, signing up to register and link an overseas bank card issued …

Alipay: overseas tourists can enjoy mobile payment across China
1 year, 4 months ago

Alipay: overseas tourists can enjoy mobile payment across China

China Daily  

The logo of Alipay is seen in Shanghai on March 5, 2021. Alipay, the mobile payment tool owned by Chinese financial technology company Ant Group, announced on Friday that it has allowed overseas tourists to link their international bank cards to the Alipay app. After downloading the Alipay app, signing up to register and link an overseas bank card issued …

Alipay: overseas tourists can enjoy mobile payment across China
1 year, 4 months ago

Alipay: overseas tourists can enjoy mobile payment across China

China Daily  

The logo of Alipay is seen in Shanghai on March 5, 2021. Alipay, the mobile payment tool owned by Chinese financial technology company Ant Group, announced on Friday that it has allowed overseas tourists to link their international bank cards to the Alipay app. After downloading the Alipay app, signing up to register and link an overseas bank card issued …

Sessions provide guidance for global executives
2 years, 9 months ago

Sessions provide guidance for global executives

China Daily  

Dennis Chang, executive vice-president and China division president of Mastercard A1 In recent years, China has fostered numerous notable policies that increase international investment and has implemented top-level initiatives such as the continuous internationalization of the renminbi, the financial industry's opening-up and efforts on cross-regional collaboration. Based on its tremendous achievements in containing COVID-19, we also believe that China's future …

Russian banks consider China UnionPay cards after sanctions
2 years, 9 months ago

Russian banks consider China UnionPay cards after sanctions

India Today  

Leading Russian banks are looking into issuing cards that operate on a Chinese payment system after Visa and Mastercard said they would cut their services in Russia over the invasion of Ukraine. Sberbank and Tinkoff Bank said that they are considering the possibility of payment cards powered by China’s UnionPay system. The Russian central bank warned that all cards using …

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