10/3/2023 0 Comments Weixin payThis clearly offers huge opportunities for any company active in the tourism industry! By offering WeChat pay to Chinese travellers, you not only offer them the convenience of paying in the way that they are used to at home, but it also allows you to tap into new sales potential and differentiate yourself from your competitors.Īre you a retailer in the Benelux and curious what it takes to become part of the WeChat lifestyle? Get in touch with NextportChina. WeChat Pay is supported almost everywhere in China, but recently it has also become possible for Chinese tourists to keep using WeChat Pay while traveling to Europe. This makes the regular wallet obsolete and in most Chinese tier one cities people already prefer paying with their WeChat wallet instead of carrying cash. Think about ordering a taxi, buying groceries in supermarkets, buying tickets at tourist attractions, etc. With WeChat Pay enabled on their mobile phone they can easily make transaction payments anytime and anywhere. For many of these users the payment solution quickly has become part of their daily life. Specifically, when it comes to travel, tourists may anticipate shifts in the payment landscape, especially in countries where cash traditionally dominated as the primary method of payment acceptance for tourists.WeChat Pay is one of the leading mobile payment solutions in China with more than 600+ MILLION ACTIVE USERS. Experts highlight that consumer expectations regarding payment options have evolved in 2023. Even more to this point, domestic payment service providers have also been encouraged to secure strategic partners with oversea card issuers in order to extend mobile payment options that comply with local regulations for foreign visitors.Ĭhina’s efforts towards adapting to the requirements of foreign travellers is not an isolated action, but rather a widespread trend post-pandemic. Prior to the launch of these payment options addressed to foreign visitors, Chinese regulators reportedly encouraged the development of mobile payment solutions that would improve the payment experience for travellers. Consequently, short-term visitors often encounter difficulties when trying to utilise these payment methods. Previously, using WeChat Pay and Alipay in China required a local bank account. The new process is significantly simpler. The purchases they make from the tens of millions of merchants supported by Weixin Pay will reportedly feature no transaction fees for purchases of less than or equal to USD 27.81 (or CNH 200).Ī similar process that requires foreigners to link their cards in the app is in place for Alipay. It is one of the most convenient ways to make payments for purchases, ordering a cab, or airtime top-up among other things in China, as well as send or receive funds to other users. What is more, Weixin Pay extends a large array of payment options such as QR payments, payment codes, as well as Weixin Mini Programs and in-app payments.Īccording to the official press release, to set up their WeChat Pay/ Weixin Pay, foreign travellers to China have to use their passports or foreign permanent resident ID cards and link their international cards. WeChat Pay is a mobile payment method integrated into the WeChat app to enable users to complete payment in different scenarios from their smartphone. This new development is seen as a way for Weixin Pay to fully open its Chinese merchant network to international card organisations.Īmong the categories that the merchant network features are dining, transportation, hotel accommodation, and shopping. The new capability is a new step in Weixin Pay's expansion that started in 2019 when the company enabled overseas users to link their international credit cards and use them to pay with various pilot services. More details about the new payment option What is more, the introduction of this new payment feature was announced ahead of major international sporting events like the FISU World University Games in Chengdu and the Asian Games in Hangzhou, which are anticipated to attract overseas tourists. The announcement comes as China has reopened its borders to foreigners following the pandemic. As a result, foreigners will be able to use WeChat Pay/ Weixin Pay and Alipay to make cashless payments whilst visiting the country. Tencent and Alipay have announced that they broadened their collaboration with international card companies such as Visa, Discover Global Network, JCB, and Mastercard in a bid to enhance foreign users' digital payment experience in China. China-based Tencent and Alipay have announced that they will facilitate cashless payments for foreigners that visit China.
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