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A bite of BRI: fresh food builds transpacific bridge between China, Latin America

China

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A bite of BRI: fresh food builds transpacific bridge between China, Latin America

2024-12-28 18:21 Last Updated At:20:37

Where can you enjoy Argentina's finest flavors in Beijing and which Honduran seafood has won favor in the Chinese capital? CCTV+ embarked on a quest of discovery to uncover the most popular Latin American products and even made its own small contribution to the promotion of Sino-Latin American trade.

A bite of BRI: fresh food builds transpacific bridge between China, Latin America

A bite of BRI: fresh food builds transpacific bridge between China, Latin America

A bite of BRI: fresh food builds transpacific bridge between China, Latin America

A bite of BRI: fresh food builds transpacific bridge between China, Latin America

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China expands payment options for int'l inbound tourists

2024-12-29 07:18 Last Updated At:08:17

China has intensified efforts to streamline payment options for foreign visitors this year, aimed at enhancing their travel experience and boost inbound tourism, which has seen steady growth in recent years.

From January to November, the number of foreign arrivals in China surged by 86.2 percent year on year, reaching 29.2 million.

This influx of tourists has been accompanied by a significant rise in the use of foreign payment methods.

In the first half of this year alone, transaction volumes of foreigners using overseas wallet apps to pay for goods and services in China increased more than sevenfold, according to data from NetsUnion Clearing Corporation, a Chinese online payment clearing house under the People's Bank of China.

During the same period, the number of foreign wallet transactions in China hit 28.75 million, up 5.29 times from the previous year. Meanwhile, transaction volume reached 5.32 billion yuan (about 729 million U.S. dollars), a 7.67-fold increase from last year's figures.

Overseas bank cards are now widely accepted across China, and Chinese mobile payment giants Alipay and WeChat Pay have integrated Visa and Mastercard, allowing foreign visitors to pay seamlessly like locals. "We managed to link our two credit cards to Alipay, and everything worked fine. We looked on the Internet, there are some blogs that explain how to create your Alipay account and how to link your credit card. We only paid with the QR code, almost did not use cash," said a foreign visitor.

"Our collaboration with Alipay and WeChat, is just the first start. Really what it enabled is our global network, our global consumer base, and our global partner network with all the financial institutions. And also another good example is we just announced in September that the Beijing subway can accept direct Mastercard payment. So, as an inbound traveler to Beijing, for them to take subway, they just need to tap their Mastercard at the gate and they can enter the subway," said Dennis Chang, president of Mastercard Greater China.

In September, Beijing's subway system launched a service allowing passengers to tap their Mastercard or Visa card at the gate, eliminating the need for physical tickets.

Since Sept 13, a total of 490 stations across the city's subway network have adopted this new system, further improving convenience for foreign visitors.

China expands payment options for int'l inbound tourists

China expands payment options for int'l inbound tourists

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