Alipay, WeChat bind overseas bank cards, foreign tourists sweep yards to visit China

In winter in Beijing, the chill is getting stronger with the night, and the “must-visit” Beijing Nanluoguxiang is lighting up a little bit of light and popularity. Among the crowd, there are many faces with different skin colors, and the small action of shopping payment, such as ‘scanning code’ payment or cash, credit card payment, ‘exposed’ the length of time they came to China.
In the past, foreign tourists who visited for short periods often could not register to use China Mobile Payment because they did not have a domestic bank card or mobile phone number. Recently, Alipay and WeChat have opened support for overseas bank card bindings, opening the ‘door of convenience’ for the mobile payment China experience. Even short-term visitors to China will be able to travel through China in one yard.
——Can’t scan the code to pay, it is a big trouble for some foreign friends to travel to China
When she saw Aretha, she was about to check out from the hotel, using an international credit card. ‘I noticed that in all the streets of China, almost all shops have QR codes for mobile payment. Scanning payment is very efficient.’ Alyssa said that this was her second visit to China, the first last year. The next time I wanted to ‘connect with’ Chinese life and use mobile payment, but because I needed a Chinese bank card and mobile phone number to successfully register, I had to give up.
Alyssa is from Italy. She said that cash and credit cards can basically run smoothly in China, but compared with Chinese friends in the same industry, asking for cash change or signing an order, her actions are often ‘half-shot’. Therefore, ‘Scanning code’ is like a local, and it is also the ‘China experience’ she has always wanted to try.
Many short-term visitors to China have similar experiences to Aretha. Recently, an interesting survey on foreign social media showed that in the minds of nearly 20% of foreign netizens, not being able to pay with a mobile phone like Chinese, is their biggest worry when traveling to China.
The reporter randomly visited a number of international youth hostels in Beijing. Many staff members reported that there were often foreign guests inquiring how to open the scan code payment, and from time to time, they asked the staff to help deal with the QR code payment. ‘Meeting foreign guests who really want to use mobile payment, but can’t do anything about it. The situation is finally about to change.’ An international youth hostel staff member said.
According to data released by the Ministry of Culture and Tourism, the number of inbound tourists in 2018 was 14.2 million, of which more than 30 million were foreign tourists, an increase of 4.7% year-on-year. The demand for mobile payments from this large group cannot be underestimated. At the same time, many people in the industry pointed out that to further enhance the potential market for inbound tourism, it is also necessary to continuously improve various experiences including payment.
On the other hand, from the current domestic situation, China Mobile Payment is indeed welcomed by more and more foreigners in China. ‘On the recommendation of my two Chinese roommates, I opened mobile payment as soon as I came to China. Using a cell phone, I can ‘scan everything’, it’s super fast and very easy to use,’ said Francesca from the United States.
Data from the Ministry of Science and Technology shows that China is increasingly becoming an ideal habitat for talent innovation and entrepreneurship in countries around the world. In 2018, China issued a total of 336,000 foreign talent work permits, and more than 950,000 foreigners worked in China. Many foreigners who come to China to study, work and live, like Francesca, also benefit from the convenience brought by mobile payments.
Mobile payment breaks through obstacles
——Support binding overseas bank cards, ‘Next time you come to China, you must try’
How can foreign tourists who come to China for a short time be free to use mobile payment?
On October 30th, the People’s Bank of China’s Shanghai headquarters issued the ‘Guiding Opinions on Promoting the Development of Fintech and Supporting the Construction of Shanghai’s Fintech Center’. The opinion pointed out that the use of fintech to optimize the financial infrastructure of the internationalization of the renminbi and explore breakthroughs in the application of third parties by foreign users Obstacles to payment tools, continue to encourage innovation in payment methods such as contactless payment, biometric payment, and smart wearable device payment under the premise of controllable risks.
As soon as the policy came out, the market responded immediately.
The Alipay Overseas Edition has recently been launched. Foreign users can download the Alipay overseas version and apply for an electronic ‘consumer card’ of the Bank of Shanghai through the ‘TourPass’ applet. After the user authenticates his identity, he binds his overseas bank card to recharge this ‘consumer card’ in China, and then he can implement offline scan code payment nationwide. From clothing, food, accommodation, travel, and travel to all aspects of consumer scene payment, you can get a nearly consistent experience with Chinese users.
It is understood that this special electronic ‘consumer card’ is valid for a single recharge of 90 days and can be recharged multiple times. After 90 days, the remaining funds in the card will be returned to the user’s overseas bank card. In order to allow foreign friends to better experience ‘China Mobile Payment’, as of December 31, 2019, there will be no handling fee for ‘Consumer Card’ recharge.
‘We are glad to see that thanks to China’s open fintech market and innovative partners, we can help more foreign friends enjoy secure and convenient mobile payments.’ Ant Financial Chairman and CEO Jing Xiandong said.
Tencent also recently announced that it has carried out a series of cooperation with Visa, Mastercard, American Express, Discover Global Network (including Diners Club), and JCB five international card organizations to support international credit cards opened overseas with WeChat payment. At present, users have been supported by dozens of merchants covering clothing, food, and lodging at 12306 to purchase tickets, Didi Chuxing,, and Ctrip. Tencent said that it will further open up more use scenarios in an orderly manner on the basis of the strict implementation of anti-money laundering related policies under the guidance of supervision.
As soon as these news came out, it immediately caused heated discussions on domestic and foreign social media, and it was also closely followed by many foreigners in China. Francesca saw the news, and she shared it in a WeChat group of ‘hometown’ and found that a friend was eager to try it. Aresa, who was about to end her trip to China, was just surprised to learn about this change. ‘Next time I come to China, I will definitely try.’
Open footsteps never stop
——Committed to the realization of ‘a mobile phone’ to travel the world, increase convenience for business travel, and make people who travel around feel more cordial
In fact, from allowing Chinese to travel the world with a mobile phone to allowing foreigners to scan the code with China, China Mobile Payments has been exploring the process of opening up and constantly using FinTech to bring better life experiences.
Recently, some overseas tourists may have found that mobile payment can also be used for tax refund at the airport.
On October 1st, the WeChat Mini Program “We TaxFree Pass” launched by the Tencent Fintech team for foreign travelers was officially launched, and the first transaction was completed at Beijing Capital International Airport. After the foreign tourists return the tax refund application form at the departure tax refund counter, they can open the WeChat Scan and scan the tax to the WeChat wallet in real time.
According to the staff at the airport tax refund counter, the previous payment channels for business were cash and bank cards, and the WeChat mini-program provided new options for travelers. In particular, for large tax refunds of more than 10,000 yuan, the arrival time is shortened from the original average of 5 working days to the real-time arrival.
‘The more convenient the tax refund for departure, the more motivated the inbound tourists will spend.’ The relevant person in charge of Beijing Hualian Department Store Co., Ltd. said that the use of mobile payment tax refunds has greatly improved the shopping experience of inbound tourists. In the future, more mobile payment convenience measures are expected to continue to be launched.
As more and more Chinese people go abroad for business and travel, the wonderful experience brought by China Mobile Payment is obvious to all-in many countries and regions, they can take out their mobile phones like a supermarket at home and ‘scan’ QR code.
As of September this year, Alipay and its 9 overseas local wallet partners have served more than 1.2 billion users worldwide. Among them, overseas merchants serving Chinese outbound travels span 56 countries and regions.
WeChat Pay has supported transactions in 16 currencies including British Pound, Hong Kong Dollar, US Dollar, Japanese Yen, Canadian Dollar, Australian Dollar, Euro, New Zealand Dollar, Korean Won, and Thai Baht. Its cross-border payment business has ushered in nearly 200 in the past 4 quarters. %growth of. Take Japan as an example. By June 2019, the number of WeChat Pay stores in Japan increased by 665% year-on-year, covering mainstream drug stores, convenience stores and many restaurant chains in the Japanese market.

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