China is pushing its payment platforms towards international ones

China is pushing its payment platforms towards international ones

HomeNews, Other ContentChina is pushing its payment platforms towards international ones

China's top payment systems, Alipay and WeChat Pay, eased access for foreign users on Friday, a day after Beijing issued new guidelines for its payments industry.

Chinese Online Payments Bring 'China Travel'

Scan-to-pay platforms are ubiquitous in China, and the biggest players — Alibaba's Alipay and Tencent's Weixin/WeChat — last year allowed users outside China to back up their accounts with Visa, Mastercard and other international credit cards.

Previously, a Chinese bank account and phone number were required to use the payment apps, making it difficult to pay for almost anything in a society where contactless payments are the norm.

But starting last Friday, Alipay allows foreigners to spend up to $2,000 a year without having to register an ID. WeChat Pay users can also use their international bank cards without providing "full details".

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China is pushing its payment platforms towards international ones.
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