UnionPay International (UPI) announced that Alipay and Weixin payments are fully enabled for UnionPay cards issued outside China’s mainland, providing more diversified, convenient and inclusive payment options for inbound travellers to China. The collaboration with Weixin Pay is supported through the Industrial and Commercial Bank of China (ICBC).
To further optimise payment services, UnionPay launched Project Excellence 2024 in March, joining hands with various industry stakeholders to build a convenient, inclusive, and accessible payment ecosystem. This collaboration is the latest achievement of the Project. From now on, international travellers to China can download Alipay or Wexin applications, link their local UnionPay cards, and enjoy the same QR payment convenience as Chinese users.
This innovative payment method will provide more convenience for inbound visitors to pay in China: No service fee will apply throughout the payment process as an initial promotion, which enables users to make payments as if they were at home. Online and offline use cases include F&B, accommodation, transit, sightseeing, shopping and entertainment. The new method supports consumer-presented, merchant-presented, in-app payment, which removes the payment barriers for users travelling, working or living in China. The new enablement is easy to use, as cardholders only need to enter the UnionPay card information required and complete the linking process once the card issuer authenticates.
This collaboration manifests UPI’s stepped-up efforts to work with other industry stakeholders to promote payment interoperability and develop a sustainable business model. It will help to further bridge the differences in payment preferences between China and the rest of the world and facilitate the country’s high-standard opening up.
UnionPay’s international business has become increasingly localised in the past few years, and more and more consumers outside China are enjoying the convenient services brought by UnionPay. Over 250 million UnionPay cards have been issued in 83 countries and regions outside China’s mainland, which can be used for payments in 183 countries and regions. UnionPay has also launched SplendorPlus, a new card product tailored to international visitors to China. The themed card, which comes with diverse benefits and special merchant offers in China, has proven to be highly popular.
