Skip to Content Facebook Feature Image

China expands payment options for int'l inbound tourists

China

China

China

China expands payment options for int'l inbound tourists

2024-12-29 07:18 Last Updated At:08:17

China has intensified efforts to streamline payment options for foreign visitors this year, aimed at enhancing their travel experience and boost inbound tourism, which has seen steady growth in recent years.

From January to November, the number of foreign arrivals in China surged by 86.2 percent year on year, reaching 29.2 million.

This influx of tourists has been accompanied by a significant rise in the use of foreign payment methods.

In the first half of this year alone, transaction volumes of foreigners using overseas wallet apps to pay for goods and services in China increased more than sevenfold, according to data from NetsUnion Clearing Corporation, a Chinese online payment clearing house under the People's Bank of China.

During the same period, the number of foreign wallet transactions in China hit 28.75 million, up 5.29 times from the previous year. Meanwhile, transaction volume reached 5.32 billion yuan (about 729 million U.S. dollars), a 7.67-fold increase from last year's figures.

Overseas bank cards are now widely accepted across China, and Chinese mobile payment giants Alipay and WeChat Pay have integrated Visa and Mastercard, allowing foreign visitors to pay seamlessly like locals. "We managed to link our two credit cards to Alipay, and everything worked fine. We looked on the Internet, there are some blogs that explain how to create your Alipay account and how to link your credit card. We only paid with the QR code, almost did not use cash," said a foreign visitor.

"Our collaboration with Alipay and WeChat, is just the first start. Really what it enabled is our global network, our global consumer base, and our global partner network with all the financial institutions. And also another good example is we just announced in September that the Beijing subway can accept direct Mastercard payment. So, as an inbound traveler to Beijing, for them to take subway, they just need to tap their Mastercard at the gate and they can enter the subway," said Dennis Chang, president of Mastercard Greater China.

In September, Beijing's subway system launched a service allowing passengers to tap their Mastercard or Visa card at the gate, eliminating the need for physical tickets.

Since Sept 13, a total of 490 stations across the city's subway network have adopted this new system, further improving convenience for foreign visitors.

China expands payment options for int'l inbound tourists

China expands payment options for int'l inbound tourists

Nicaragua's co-foreign minister Valdrack Jaentschke has warned that militarism must never be allowed to rise again, as Japan's recent moves to lift its arms export ban and revise the pacifist Constitution continue to draw international concern.

This year marks the 80th anniversary of the opening of the Tokyo Trials, where Japan's Class-A war criminals from World War II were brought to justice.

In an interview with China Global Television Network (CGTN), Valdrack Jaentschke voiced his concern that today's world order is being undermined by interventionism and other challenges.

"It is necessary for us to remember that after the end of World War II, countries worked hard to build a new international order based on international law. However, regrettably, more than 80 years later, we are seeing that this once explored and attempted order is being challenged by interventionism, a confrontational mindset, and tendencies like 'might makes right.' These are precisely the conditions that gave rise to fascism and militarism in the past, which ultimately led to the tragedy of World War II," he said.

He said the international community has a responsibility to pursue a new international order -- one fundamentally grounded in peace.

"Looking back at the history more than eight decades ago and comparing it with today's reality, it is our responsibility to recognize that the world should, and must, build a new international order that is more just, fairer, rooted in international law, based on a logic of mutual benefit and shared success, and fundamentally grounded in peace," said the minister.

"Today, as we revisit the Tokyo Trials, it is meant to remind the world that such a tragedy must never be repeated -- and that we must do everything in our power to prevent it from happening again. We must stop that dark world -- born from militarism, interventionism, and fascism -- from ever returning," he said.

Nicaraguan FM warns of militarism revival

Nicaraguan FM warns of militarism revival

Recommended Articles