The People’s Bank of China (PBOC) has unveiled a comprehensive set of guidelines titled Guide to Payment Service in China, according to a report by Wego.
This initiative underscores China’s commitment to addressing the challenges faced by foreign visitors navigating the country’s payment systems.
China’s payment landscape has significantly developed in recent years, with mobile payment solutions gaining widespread adoption among local residents.
However, foreigners have encountered difficulties accessing and utilising these services while in China.
The newly released guidelines aim to address these barriers by advocating for broader acceptance of foreign bank cards and improving mobile payment convenience.
Key highlights of the guidelines include improved acceptance of foreign bank cards at checkout counters, provided they display logos of payment organisations such as UnionPay, Visa, or Mastercard.
Additionally, mobile payment services like Alipay, Weixin Pay, and UnionPay offer seamless transactions using mobile phones without the need for identification for transactions below a certain amount.
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