If you have ever visited China, you know not every outlet accepts cards. Some of them will only accept mobile payment methods such as AliPay or WeChat pay. Till now, these apps didn’t allow foreigners to link their credit or debit cards to the app to make mobile payments.
However, Alibaba and WeChat said yesterday travelers will be able to link their international cards to their payment apps now.
We heard you. You want to use @Alipay and guess what? Now you can! Visitors to China are now able to #PayWithAlipay. Simply download @Alipay via app stores to start enjoying wallet-free travel! That QR code by the cashier will no longer be a foreign sight. pic.twitter.com/E8zmCovCJ7
— Alipay (@Alipay) November 5, 2019
In a separate statement, WeChat’s owner Tencent said it’ll support American Express cards in addition to the aforementioned cards.
Mobile payments are quite popular in China. According to a report by the World Economic Forum published in May, the payment method has 35 percent penetration with $1,612 of average annual spend. In 2018, users in China spent $41.3 trillion through 60.5 billion mobile transactions – a 61.2-percent growth over the previous year.
The 💜 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
As per CNBC, last year, a staggering 141 million people visited China. That is a huge opportunity for local companies like Alibaba and WeChat to entice some of those visitors to use their payment services while they’re in the country.
Get the TNW newsletter
Get the most important tech news in your inbox each week.