Group 1 - The 8th China International Import Expo (CIIE) opened on November 5, featuring participation from 155 countries, regions, and international organizations, with 4,108 foreign enterprises exhibiting, marking a record high in overall exhibition area exceeding 430,000 square meters [1] - In October, foreign users' consumption in China via WeChat, linked to international bank cards, saw a significant increase, with transaction counts and amounts both doubling year-on-year, up 130% and 120% respectively, and Shanghai experiencing a 160% increase in transaction counts [1] - The booming CIIE continues to showcase the attractiveness of the "Chinese market," with WeChat Pay collaborating with the Bank of China to establish an inbound payment service desk at the National Exhibition and Convention Center (Shanghai) to enhance payment experiences for foreign visitors [1] Group 2 - WeChat Pay currently supports foreign travelers in China through two payment methods: "binding foreign cards" and "using foreign wallets," with a new fee waiver initiative for foreign card binding launched this year [2] - The "binding foreign cards" method allows new users to enjoy a 60-day fee waiver on transactions within a daily limit of 1,000 yuan after their first transaction [2] - Tencent announced at the "China Payment Clearing Forum" in September that it will further open WeChat Pay's "using foreign wallets" service through a "cross-border QR code unified gateway," enabling more foreign wallets to make payments in China [2]
第八届进博会推入境支付服务台,上海境外来华用户微信支付消费笔数增160%