Index Investing News
Monday, March 16, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

China is making it much easier for foreigners to use mobile pay

by Index Investing News
March 8, 2024
in Markets
Reading Time: 2 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


Scanning QR codes with a mobile pay app has become the most common way to pay in mainland China.

Bloomberg | Bloomberg | Getty Images

BEIJING — Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, the app operator said Friday.

That’s four times more than the previous limit of $500, a move that will impact international tourists the most. The number of foreign travelers to China had declined after the country temporarily imposed strict border controls during the pandemic.

The increased transaction limit reflects Beijing’s push this year to make it easier for foreign travelers to pay for daily purchases in a country in which mobile payment has become ubiquitous.

However, stringent real-name verification policies have often made it difficult for foreign visitors to China to use mobile pay.

Alipay, operated by Alibaba-affiliate Ant Group, is one of two major mobile payment apps in China. Tencent-owned WeChat Pay operates the other commonly used app.

Tencent did not confirm an exact figure for ID-free transactions using WeChat Pay, but noted foreigners could complete some payments without registering their ID.

Ant also announced Friday that international travelers who register their ID with Alipay can use the app for single transactions as large as $5,000, up from $1,000 previously.

The annual transaction limit for those who register their IDs is now $50,000 — five times more than the previous cumulative amount of $10,000, Ant said.

The changes in transaction amounts follow announcements this month from the People’s Bank of China for such increases.

Ant said the changes apply to foreign visitors to China who download Alipay, or who use 10 specific overseas mobile pay apps.

The program, called Alipay+, lets existing users of certain mobile payment apps from Singapore, South Korea, Thailand, Malaysia, Mongolia, Hong Kong and Macao scan Alipay QR codes directly to pay in China.

In early February, People’s Bank of China Deputy Governor Zhang Qingsong told CNBC that foreign visitors using Alipay or WeChat Pay did not need to provide ID information if the annual transaction volume was below $500.

“We are also looking at the possibility of raising the $500 threshold in the future,” he said at the time.



Source link

Tags: ChinaEasierforeignersMakingmobilePay
ShareTweetShareShare
Previous Post

From an Unassuming California Bungalow, She Created a ‘Micro Versailles’

Next Post

After The Crash. This Bitcoin Indicator Knew It All Along. | by Lifestyle Maniacs | The Dark Side

Related Posts

Sleep Number outlines double-digit second-half sales growth and product reset amid turnaround strategy (NASDAQ:SNBR)

Sleep Number outlines double-digit second-half sales growth and product reset amid turnaround strategy (NASDAQ:SNBR)

by Index Investing News
March 12, 2026
0

Follow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsEarnings Call Insights:...

Top analysts are bullish on these 3 stocks despite ongoing volatility

Top analysts are bullish on these 3 stocks despite ongoing volatility

by Index Investing News
March 8, 2026
0

The stock market continues to be volatile as investors digest developments related to the U.S.-Iran conflict, artificial intelligence disruption fears...

Coinbase leads crypto stocks higher after Trump signals support for digital asset market structure bill

Coinbase leads crypto stocks higher after Trump signals support for digital asset market structure bill

by Index Investing News
March 4, 2026
0

Shares of Coinbase and other cryptocurrency companies surged Wednesday after President Donald Trump threw his weight behind the industry's battle...

Revisiting the Tempus AI Short Report

Revisiting the Tempus AI Short Report

by Index Investing News
February 28, 2026
0

Short reports are a blessing in disguise for any stock you’re holding. Someone with financial motivation and sufficient research capabilities...

The Little-Known AI Stock Pushing New Highs

The Little-Known AI Stock Pushing New Highs

by Index Investing News
February 24, 2026
0

We’ve heard about them for months… “AI bubble” fears. And some of the biggest names in the industry look ready...

Next Post
After The Crash. This Bitcoin Indicator Knew It All Along. | by Lifestyle Maniacs | The Dark Side

After The Crash. This Bitcoin Indicator Knew It All Along. | by Lifestyle Maniacs | The Dark Side

The 2024 Bitcoin Halving: Why This Time Is Uniquely Impactful | by Gaze All Over | The Dark Side | Mar, 2024

The 2024 Bitcoin Halving: Why This Time Is Uniquely Impactful | by Gaze All Over | The Dark Side | Mar, 2024

RECOMMENDED

HPQ Q1 Name Highlights: AI PC Adoption, Provide Chain Resilience and Subscription Milestones!

HPQ Q1 Name Highlights: AI PC Adoption, Provide Chain Resilience and Subscription Milestones!

March 2, 2025
‘Grand Theft Hamlet’ Levels Shakespeare in a Land of Shootouts

‘Grand Theft Hamlet’ Levels Shakespeare in a Land of Shootouts

January 19, 2025
Grifols shares up on potential takeover by Brookfield By Investing.com

Grifols shares up on potential takeover by Brookfield By Investing.com

August 21, 2024
Elon Musk Debunks Scam Token Claims

Elon Musk Debunks Scam Token Claims

August 6, 2023
Capitalism is Corrigible – Econlib

Capitalism is Corrigible – Econlib

January 12, 2024
CPE Govt Council: What Will Be the Greatest 2025 CRE Development?

CPE Govt Council: What Will Be the Greatest 2025 CRE Development?

September 26, 2024
Reports of Tornadoes as Chicago Area Is Hit by Severe Storms

Reports of Tornadoes as Chicago Area Is Hit by Severe Storms

February 28, 2024
Bitcoin price still due K dip, says trader as ETF guru backs GBTC By Cointelegraph

Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC By Cointelegraph

November 25, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In