China Mobile Payment Giants Alipay, WeChat Open to International Cards

Alipay and WeChat Pay previously only accepted Chinese bank accounts.

Advertisement
By Reuters | Updated: 7 November 2019 18:25 IST

China mobile payment giants Alipay and WeChat Pay have started allowing overseas users to link their accounts to international bank cards, in a move cheered by foreign payment firms like Visa and Mastercard.

The moves came during a major import fair in Shanghai aimed at showcasing the country's free trade credentials.

Tencent, the parent company of WeChat Pay, said on Wednesday it was opening up in a statement on one of its official websites, while Alibaba-backed Alipay announced the change on its official media service platform.

Advertisement

A significant portion of transactions in China are made through the platforms, which previously only accepted Chinese bank accounts. Users use Alipay and WeChat Pay for daily tasks such as paying bills, buying groceries or booking taxis.

Advertisement

"The inconvenience of not being able to use the widely adopted local mobile payments is becoming a major pain point for overseas people living in or visiting mainland China," Tencent said in an e-mailed statement.

Both platforms will now allow users to link international cards by Visa, MasterCard, American Express, Discover Global Network and JCB to their accounts.

Advertisement

US digital payment company Visa said "This partnership means that we'll be working towards an environment where Visa cardholders will be able to use their Visa card in China at the millions of places where WeChat Pay is accepted."

Mastercard said in a statement on Thursday that it saw this as a move to expand choices for travelers with Mastercard cards.

Advertisement

China has long been dogged by allegations of protectionism, a practice that has floored attempts by foreign payment firms to access what will be the largest bank card market by 2020.

American Express last year won approval to clear card payments in China, becoming the first US card network to gain direct access.

State newspaper Beijing News reported in January that Mastercard had submitted application materials in 2017 but voluntarily withdrew its application in June 2018. Chinese media reported in March that Mastercard had resubmitted its application. Mastercard declined to comment.

© Thomson Reuters 2019

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Alipay, WeChat Pay
Advertisement

Related Stories

Popular Mobile Brands
  1. Interstellar Comet 3I/ATLAS Shows Wobbling Jets in Rare Sun-Facing Tail
  2. OnePlus Turbo Display Details Leaked; Could Arrive With This 165Hz Screen
  1. South Korean Startup Innospace Fails on First Orbital Launch Attempt of Hanbit-Nano Rocket
  2. Failing Starlink Satellite Photographed in Orbit Before Fiery Reentry
  3. Russia Patents Rotating Space Station Concept to Generate Artificial Gravity in Orbit
  4. Interstellar Comet 3I/ATLAS Shows Wobbling Jets in Rare Sun-Facing Tail, Surprising Astronomers
  5. Magnetic Control of Lithium Enables Safer, High-Capacity “Dream Battery” Without Explosion Risk
  6. Vritta OTT Release Date Revealed: Know When and Where to Watch it Online
  7. Rajini Gaang OTT Release Date: Know When and Where to Watch it Online
  8. De De Pyaar De 2 OTT Release Update: Know Everything About Streaming, Plot, Cast, and More
  9. Baahubali: The Epic Now Available for Streaming Online: Everything You Need to Know
  10. Global Warming May Overshoot and Trigger the Next Ice Age, Say Scientists
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.