![]() This move by Tencent aligns with the plans previously released by the State Council and the National Development and Reform Commission, aimed at improving mobile payment solutions for inbound tourists and increasing their convenience in making payments ahead of major international events, such as the 2022 Beijing Olympic Winter Games. Moreover, to enhance the payment experience for users making frequent small transactions, WeChat Pay will bear the transaction fees for international card transactions below RMB 200 (US$27.82), providing users with fee exemptions during payment. With this recent development, inbound travelers, including those with passports and various permits, can now easily utilize WeChat Pay and link their international bank cards to make purchases at millions of merchants. ![]() WeChat Pay had already allowed international credit card binding since 2019 and conducted trials with select merchants in essential sectors. This development will facilitate diverse payment methods like QR code scanning, in-app purchases, and WeChat Mini Programs, offering added convenience to users. Tencent has expanded the WeChat Pay merchant network across multiple cities in China, providing support to merchants in various sectors, including dining, transportation, retail, and hospitality. On July 20, 2023, Tencent, in collaboration with leading international financial services providers like Visa, Discover Global Network, JCB, and Mastercard announced significant improvements to the mobile payment experience for foreign users in China. ![]() Tencent’s latest WeChat Pay upgrade enables foreign users to link international cards, enhancing mobile payments in China and aligning with efforts to attract international tourists and boost domestic consumption.
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