Mastercard and AliPay offer cashless travel in China
China has resumed tourist travel to its mainland. In this regard, Mastercard and AliPay have entered into an agreement that allows you to travel around the country by paying for your expenses with electronic money.
Information on the terms of the agreement and the rules for using bank cards of the payment systems is published on the official Mastercard website. In particular, it is reported that Mastercard holders wishing to switch to cashless payments should link their card to the Alipay digital wallet. This will allow them to pay for services and goods in any location in China. In addition, you can pay for purchases using the most popular method in the Celestial Empire - a QR code.
By the way, Mastercard & Alipay cashless is also beneficial for sellers, as it expands the possibilities of transactions and simplifies the process.
Venetia Lee, CEO of international business at Ant Group Greater China, commenting on the agreement between Mastercard and Alipay, said: "We are committed to bringing the benefits of inclusive digital payment options to as many consumers as possible. The new service from Alipay and Mastercard will not only make travelling to China easier, but also boost businesses that use the Alipay platform for payments."
It is worth noting that China's tourism sector is currently recovering from the pandemic and, according to Mastercard, has almost reached the level of 2018.