- ORIGINAL NEWS
China’s central bank encourages local businesses to accept foreign payment cards
- SUMMARY
China is encouraging banks and businesses to accept foreign bank cards and mobile pay to make it easier for international visitors to make purchases.
The government wants to raise the transaction limit for foreign visitors using mobile pay and is considering raising the current limit of $500.
Additionally, authorities will allow 13 overseas mobile wallet apps to directly utilize QR payment codes in China.
These measures aim to improve accessibility and convenience for foreign tourists and business people visiting the country.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“China is encouraging banks and local businesses to accept foreign bank cards and is considering other steps to make mobile pay for international visitors even easier.”
“Zhang said China’s plan for supporting foreigners’ payments in the country would focus on allowing card transactions for large payments and mobile pay for smaller amounts.”
Negative
“Shopping malls have increasingly preferred not to accept foreign credit cards.”
“The number of travelers in and out of mainland China has ‘continued to improve but both remained below 2019 levels.'”