THE People's Bank of china (PBOC), China's central bank, is reducing barriers that face foreign visitors using the country's mobile payment services, reports Caixin,
The central bank, to revive the tourism, has guided major payment platforms including Ant Group's Alipay and Tencent Holdings' Tenpay - the operator of WeChat Pay - to increase the single transaction limit for foreign users to US$5,000 from $1,000, said PBOC deputy governor Zhang Qingsong.
The maximum annual mobile payment limit for foreigners would rise from $10,000 to $50,000, on a par with Chinese nationals, according to Mr Zhang.
Identity verification procedures will be simplified to make it easier for foreign nationals to link international bank cards with China's mobile payment services, he said.
PBOC also encouraged shops, hotels, tourist attractions and other service providers to offer diverse payment methods including cash, bankcard and mobile payment.
SeaNews Turkey
The central bank, to revive the tourism, has guided major payment platforms including Ant Group's Alipay and Tencent Holdings' Tenpay - the operator of WeChat Pay - to increase the single transaction limit for foreign users to US$5,000 from $1,000, said PBOC deputy governor Zhang Qingsong.
The maximum annual mobile payment limit for foreigners would rise from $10,000 to $50,000, on a par with Chinese nationals, according to Mr Zhang.
Identity verification procedures will be simplified to make it easier for foreign nationals to link international bank cards with China's mobile payment services, he said.
PBOC also encouraged shops, hotels, tourist attractions and other service providers to offer diverse payment methods including cash, bankcard and mobile payment.
SeaNews Turkey
