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David Stepat's Expertise on China's Recent Openness to Online Payment for International Credit Cards Featured in CNA’s Money Mind
Significant advancements have been made recently, enhancing the mobile payment experience for international users in China.
Nowadays, foreign travelers can utilize WeChat Pay by linking their international credit or debit cards to the platform. After entering the Chinese mnland, foreigners visiting are now able to effortlessly set up WeChat Pay on their respective WeChat apps and proceed with adding their Visa, Mastercard, JCB, or Discover Global Network-issued cards. This convenient approach allows foreign users to ‘pay like a local’ in China, making it easy to settle bills for necessities such as food, shopping, transportation without the hassle of carrying cash or opening up Chinese bank accounts.
As part of our ongoing coverage on cross-border developments in China, we are proud to have brought forth David Stepat's insights through Channel News Asia Singapore. As an International Business Advisory Senior Manager at Dezan Shira Associates DSA in Singapore, Mr. Stepat provided a thorough assessment following the introduction of this updated payment feature.
“With over 10 years’ experience living in China, I’ve personally faced the difficulties of navigating modern payment systems with foreign cards. This update significantly improves convenience for travelers and tourists alike. The inclusion of international credit cards allows users to easily utilize WeChat Pay across various sectors including dining, transportation, retl, hospitality, thus enhancing the overall tourist transaction experience in a country that boasts comprehensive mobile payments.”
In our full analysis on China Briefing about foreign cardholders’ payment options via WeChat Pay and Mr. Stepat's insightful interview segment on Channel News Asia Singapore, you can gn deeper insights into the effects of this development, including an evaluation of its efficacy and limitations.
For those seeking more information or expert guidance on cross-border business operations in China, please reach out to our specialists at [email protected].
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This article is reproduced from: https://www.dezshira.com/updates/2023/09/david-stepat-interviewedon-china-allowing-online-payment-international-credit-cards.html
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