Ant Group and Mastercard have introduced a new program to boost tourism and local businesses in Shanghai, China. These financial giants, along with 12 third-party payment partners of Alipay+ and other major international card institutions, launched the International Consumer Friendly Zones Program today (Friday) to stimulate economic growth in the region, tnglobal reported.
The initiative, supported by local authorities, includes more than 20 shopping areas, tourist attractions, Shanghai's international airports, high-speed rail stations, and a fleet of 25,000 taxis. Other participants include prominent brands such as Bond, Nanjing Road and Oriental Pearl TV Tower.
Fu Lu, Director of Cross-border Business in Greater China at Ant Group, said: “The introduction of international consumer-friendly zones in Shanghai signifies significant progress in our efforts to enrich the domestic tourism experience and boost local businesses, especially given the city’s crucial role in China’s global interactions.” “
Ant Group offers two digital payment options for foreign visitors in China. Travelers can link major international bank cards such as Visa, Mastercard, JCB, Discover and Diners Club International to the Alipay app, allowing access to a wide range of local services without the need for a local bank account or phone number.
In addition, Alipay+ enables… Payments
Payments
One of the foundations of means of exchange in the modern world, payment represents the transfer of legal tender or its equivalent from one party in exchange for goods or services to another entity. The payments industry has become one of the pillars of modern commerce, although the players involved and the means of exchange have changed significantly over time. In particular, the party making the payment is referred to as the payer, where the payee reflects the individual or entity receiving the payment. Premium. The most common
One of the foundations of means of exchange in the modern world, payment represents the transfer of legal tender or its equivalent from one party in exchange for goods or services to another entity. The payments industry has become one of the pillars of modern commerce, although the players involved and the means of exchange have changed significantly over time. In particular, the party making the payment is referred to as the payer, where the payee reflects the individual or entity receiving the payment. Premium. The most common
Read this term Through local e-wallets throughout China. This service supports 12 electronic wallets and payment applications in Asia. Ant Group's digital payment alternatives have reportedly significantly increased spending by international visitors. Between January and April, spending on these options in Shanghai rose 13 times compared to the previous year.
Expand payment options
In addition, Ant Group plans to integrate more third-party card organizers and digital wallets into the software. The group will launch new joint user campaigns to enhance the payment experience for international travellers. MasterCard stressed the program's role in providing payment options for tourists, facilitating their spending, and contributing to a more comprehensive payment system.
Through enhanced digital payment solutions and a focus on convenience, the International Consumer Friendly Zones program can drive domestic tourism and support local businesses in one of China's most dynamic cities. This initiative is said to be an important step in making Shanghai more accessible and enjoyable for international visitors.
Ant Group and Mastercard have introduced a new program to boost tourism and local businesses in Shanghai, China. These financial giants, along with 12 third-party payment partners of Alipay+ and other major international card institutions, launched the International Consumer Friendly Zones Program today (Friday) to stimulate economic growth in the region, tnglobal reported.
The initiative, supported by local authorities, includes more than 20 shopping areas, tourist attractions, Shanghai's international airports, high-speed rail stations, and a fleet of 25,000 taxis. Other participants include prominent brands such as Bond, Nanjing Road and Oriental Pearl TV Tower.
Fu Lu, director of cross-border business in Greater China at Ant Group, said: “The introduction of international consumer-friendly zones in Shanghai signifies significant progress in our efforts to enrich the domestic tourism experience and boost domestic business, especially given the city’s crucial role in China’s interactions.” Globalism.”
Ant Group offers two digital payment options for foreign visitors in China. Travelers can link major international bank cards such as Visa, Mastercard, JCB, Discover and Diners Club International to the Alipay app, allowing access to a wide range of local services without the need for a local bank account or phone number.
In addition, Alipay+ enables… Payments
Payments
One of the foundations of means of exchange in the modern world, payment represents the transfer of legal tender or its equivalent from one party in exchange for goods or services to another entity. The payments industry has become one of the pillars of modern commerce, although the players involved and the means of exchange have changed significantly over time. In particular, the party making the payment is referred to as the payer, where the payee reflects the individual or entity receiving the payment. Premium. The most common
One of the foundations of means of exchange in the modern world, payment represents the transfer of legal tender or its equivalent from one party in exchange for goods or services to another entity. The payments industry has become one of the pillars of modern commerce, although the players involved and the means of exchange have changed significantly over time. In particular, the party making the payment is referred to as the payer, where the payee reflects the individual or entity receiving the payment. Premium. The most common
Read this term Through local e-wallets throughout China. This service supports 12 electronic wallets and payment applications in Asia. Ant Group's digital payment alternatives have reportedly significantly increased spending by international visitors. Between January and April, spending on these options in Shanghai rose 13 times compared to the previous year.
Expand payment options
In addition, Ant Group plans to integrate more third-party card institutions and digital wallets into the program. The group will launch new joint user campaigns to enhance the payment experience for international travellers. MasterCard stressed the program's role in providing payment options for tourists, facilitating their spending, and contributing to a more comprehensive payment system.
Through enhanced digital payment solutions and a focus on convenience, the International Consumer Friendly Zones program can drive domestic tourism and support local businesses in one of China's most dynamic cities. This initiative is said to be an important step in making Shanghai more accessible and enjoyable for international visitors.