Connect with us

Hi, what are you looking for?

HEADLINES

Mastercard offers seamless payments for travelers in China

Expanding on a partnership established in 2019 to offer enhanced digital payment solutions to both consumers and merchants, the latest development gives Mastercard full access to Weixin Pay’s merchant network in China and provides another safe and convenient way for international travelers to pay like a local when traveling around the Chinese Mainland[1].

With the resumption of travel, international business, and major sports events in China, Mastercard announced today that its cardholders can link their cards to WeChat Pay, or as it’s locally called, Weixin Pay, a mobile payment service within the Weixin app, as a new payments option that further improves the digital payment experience of international travelers when visiting the country.

Expanding on a partnership established in 2019 to offer enhanced digital payment solutions to both consumers and merchants, the latest development gives Mastercard full access to Weixin Pay’s merchant network in China and provides another safe and convenient way for international travelers to pay like a local when traveling around the Chinese Mainland[1].

The extended merchant network includes categories such as dining, transportation, shopping, accommodation, and more. International travelers with Mastercard cards can now utilize multiple payment methods through Weixin app, such as scanning QR codes, presenting payment codes, Mini Programs, and in-app payments, enriching their payment experience online and offline.

For merchants, especially small and medium-sized enterprises (SMEs), the Weixin Pay-Mastercard tie up gives them more opportunities to transact with international travelers who now have access to one of the most widely accepted payment methods in China, allowing them to get around easily, without hassle.

Advertisement. Scroll to continue reading.

According to the latest Mastercard data insights, consumer spending has shown resilience with a continued focus on experiences and travel. During the 2nd Quarter of 2023, cross-border travel was robust, reaching 154% of 2019 levels, up 6% from the previous quarter. Moreover, China’s improvement in inbound cross-border travel reached approximately 50% of the levels seen in 2019. As China anticipates major international sporting events, such as the Asian Games, the country embraces the prospect of welcoming more international travelers.

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

Available daily from September 20 to November 20, 2024 to all SIA customers, KrisFlyer members, and Mastercard debit and credit cardholders, the afternoon tea...

HEADLINES

Called RCBC Pay, it is a payment solution that allows RCBC Mastercard credit cardholders to make secure, contactless payments using their Near Field Communication...

HEADLINES

As the first bank partner to be integrated into CoDMs, GoTyme Bank offers the unique advantage of being able to convert coins into direct...

HEADLINES

For individuals who are new to digital banking, navigating online services can be daunting, increasing their vulnerability to cyber threats. This underscores the importance...

HEADLINES

Currently in early access and available to select users, Maya Personal Loan offers up to ₱250,000 with flexible repayment terms of up to 24...

HEADLINES

Mastercard Send is part of Mastercard’s portfolio of money transfer solutions Mastercard Move.

HEADLINES

This year, UnionDigital commemorates its anniversary with the introduction of its UD Cares initiative at San Pedro Elementary School in Laguna, marking the beginning...

HEADLINES

Carlos Tengkiat, chief information security officer of the Rizal Commercial Banking Corporation (RCBC), cautioned that millions of pesos can potentially be lost as online...

Advertisement