PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Mastercard and Alipay Partnership Enables Cashless Travel in China 

By Connie Diaz De Teran
June 27, 2023
in Analysts Coverage, Digital Payments, Emerging Payments
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Travel

Going cashless makes travel a more stress-free and enjoyable experience—and it helps consumers avoid the hurdles of dealing with costly exchange rates and foreign currencies. 

Travel Gets a Boost Thanks to China Re-Opening 

With mainland China reopening and reinstating travel, Mastercard has partnered with Alipay to let travelers to China pay for goods and services digitally.   

Mastercard cardholders need to link their Mastercard debit or credit card to Alipay’s digital wallet. With their mobile device, consumers will be able to pay at millions of locations throughout the region that accept Alipay. And because QR codes are China’s most popular form of payment, this option is also convenient for consumers who already have their mobile device out.  

Merchants will also benefit from the partnership as it will boost opportunities to transact with visitors from around the world, giving these customers access to one of the most widely accepted methods of payment.  

In a prepared statement, Venetia Lee, General Manager of Ant Group Greater China International Business said:  

“We strive to enable more consumers and SMEs to enjoy the benefits brought by inclusive digital payment services. The new service offered by Alipay and Mastercard will not only enable a better experience for international travelers when visiting China but will also unlock more business opportunities for merchants on the Alipay open platform as global travel is set for rapid growth.” 

Dennis Chang, Executive Vice President and Division President, Greater China, Mastercard, added: 

“This next step in the partnership with Ant Group exemplifies Mastercard’s long term commitment to the China market, and the company’s continuous global effort to power economies and empower people. As travel and tourism rebound, Mastercard is delighted to partner with Alipay to enable cardholders worldwide to enjoy the ultimate in payments security, convenience, and peace of mind as they work, play, rest, and roam during their journeys to China.” 

The travel sector is recovering, post-pandemic. According to Mastercards’ “Travel Industry Trends 2023,” report, outbound tourist expenditures hailing from China are getting closer to pre-pandemic levels. In March, Chinese spending on international travel soared from nearly zero in the previous year to just under the amount reported for 2019.  

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: AliPayCashlessDigital WalletsMastercardMobile PaymentsTravel

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    supply chain payments

    The Payment Process: The Supply Chain’s Most Overlooked Cyber Risk

    July 17, 2025
    Navigating Global Fintech Regulations Through Strategic Regulatory Arbitrage

    Navigating Global Fintech Regulations Through Strategic Regulatory Arbitrage

    July 16, 2025
    AI Is Turning Accounts Receivable Into a Strategic Powerhouse

    AI Is Turning Accounts Receivable Into a Strategic Powerhouse

    July 15, 2025
    Embedded Finance

    Embedded Finance: Bringing Payments Under a Single Umbrella

    July 14, 2025
    Making Real-Time Payments a Reality

    Fulfilling the Promise: Making Real-Time Payments a Reality

    July 10, 2025
    mortgage

    The Rich Benefits of In-House Payment Systems

    July 9, 2025
    digital cards

    Beyond Plastic: Why Digital Cards Are the Future

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result