Current location:sport >>
Simplified payments to facilitate foreign visitors
sport4411People have gathered around
IntroductionChina has unveiled a guideline to improve payment services, which experts say underscores top policy ...
China has unveiled a guideline to improve payment services, which experts say underscores top policymakers' strengthened focus on addressing any payment difficulties facing international visitors as the country aims to boost inbound tourism and attract foreign investment.
Efforts in this regard are expected to accelerate and reap concrete advances this year, they said, with major Chinese payment platforms having quintupled the transaction cap for foreigners' mobile payments.
The General Office of the State Council, China's Cabinet, published a guideline on improving payment services and enhancing payment convenience on Thursday as part of the country's high-level opening-up agenda — a move to better meet the diversified payment needs of the elderly and foreign visitors.
The guideline, approved by the State Council Executive Meeting on Feb 23, called for coordinated efforts among authorities to promote the acceptance of foreign bank cards, guarantee the use of cash, improve mobile payment convenience, further protect consumers' rights to choose payment methods and optimize account services.
The move comes as China intensifies efforts to tackle payment difficulties faced by some foreign visitors who rely on bank cards or cash for transactions, whereas mobile payment habits predominate in China.
The People's Bank of China, the country's central bank, said that while mobile payments have played an important role in improving transaction efficiency, it is also necessary to improve the inclusiveness of payment services to cater to a broader range of consumers.
The guideline also called for efforts to make mobile payments more user-friendly for foreign visitors, with major payment platforms having stepped up efforts to simplify payment processes for tourists from afar.
Both Weixin Pay — a mobile payment service within the Weixin app designed for users on the Chinese mainland — and Alipay have raised the single transaction limit of mobile payments for foreigners in China from $1,000 to $5,000 and lifted the annual cumulative transaction limit from $10,000 to $50,000.
Tech giant Tencent Holdings is also working to facilitate foreign visitors making small-scale payments through Weixin Pay without the need to link to international bank cards.
Liu Chunsheng, an associate professor at the Central University of Finance and Economics' School of International Trade and Economics, said the guideline marks a significant step in China's efforts to create a more foreigner-friendly payment environment.
Efforts to improve foreigners' payment experiences in key scenarios, such as transport and dining, will help them better adapt to life and work in China, which is conducive to attracting more foreigners to China and promoting international economic exchanges, he said.
This year's Government Work Report, submitted on Tuesday for deliberation, has pledged efforts to make it easier for foreigners to work, study and travel in China.
Jin Li, vice-president of Southern University of Science and Technology and a member of the 14th National Committee of the Chinese People's Political Consultative Conference — the country's top political advisory body — underscored the need to better inform potential overseas tourists to China about how to use mobile payment modalities in the country.
"Significant differences exist in payment habits between local Chinese residents and foreign visitors," Jin said. "Therefore, I suggest intensifying the promotion of Chinese mobile payments abroad, offering foreign tourists a better understanding of how to make payments in China in advance."
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“International Iterations news portal”。http://www.videocameralive.com/html-51b399856.html
Related articles
Program to boost cultural exchanges between China and France
sportIn celebration of the 60th anniversary of China-France diplomatic ties, a project aimed at fostering ...
【sport】
Read morePutting people first: the guiding light in China's COVID fight
sportBy Yi Xin (Xinhua) 13:12, January 18, 2023BEIJING, Jan. 18 (Xinhua) -- With the Chinese Lunar New Ye ...
【sport】
Read moreWildfire destroys prized mushrooms, income source for Tibetans — Radio Free Asia
sportA recent wildfire in a Tibetan-populated area of China’s Sichuan province ravaged vast swathes of fo ...
【sport】
Read more
Popular articles
- Trial starts in conspiracy
- Who is unhappy about Syria's return to the Arab League?
- China's rural vitalization breathes new life into agriculture, villages
- Letter from Lhasa: A return after 14 years
- Rangers finish off sweep of the Capitals, move on to the 2nd round of the NHL playoffs
- China poised for strong recovery in 2023, says Morgan Stanley economist
Latest articles
British and Irish officials meet as tensions rise over what to do with asylum seekers
Man City's Rodri on the bench against Luton after saying he needs 'a rest'
China Focus: China moves quickly to contain COVID
Xi'an summit to open new chapter of China
2 policemen killed, 1 injured in 'terror' attack in SE Iran
China to contribute wisdom, solutions to cause of peace, development for all humanity
LINKS
- Mrs Hinch gives her dog Henry a spa session
- Africa Energy Indaba highlights prospects of South Africa
- Tigers hand Twins season
- Jennie Garth, 52, admits her steamy make
- Musician T Bone Burnett is trading his dystopian sensibilities for some warm
- Mainland urges Taiwan to publish truth of fatal boat incident
- Joy Corrigan poses for playful shoot for new line of Alo athletic wear and shares behind
- Dickey Betts, Allman Brothers Band co
- Sean Penn displays his platinum white hair as he takes a smoke break during Malibu outing
- Chinese publisher unveils new Harry Potter tie