Bank Of Shanghai(SH:601229) Jin Rong Jie Zi Xun·2025-12-22 02:06Core Viewpoint - The launch of the "Nihao China" app by China UnionPay aims to enhance the convenience of inbound tourism in China by providing a comprehensive digital service platform for foreign visitors, covering payment, travel, and lifestyle needs [1][2]. Group 1: App Features and Services - The "Nihao China" app integrates various practical functions centered around payment and travel, facilitating a seamless experience for international tourists [6]. - The app supports international credit cards such as UnionPay, Visa, and MasterCard for both online and offline payments, covering high-frequency consumption scenarios like transportation, accommodation, and shopping [9]. - It provides travel services across 43 major cities and over 1,760 county-level cities in China, enabling "one-code access" for public transportation and offering navigation to nearby ATMs and currency exchange points [9]. Group 2: Technological Innovations - The app features a high-efficiency and secure account opening process through layered verification and rapid card issuance, ensuring a smooth onboarding experience for users [5]. - It includes real-time currency exchange rates for over 160 currencies, addressing cross-currency payment challenges [9]. Group 3: User Experience Enhancements - The app incorporates real-time translation tools and multi-language support to eliminate language barriers, enhancing communication for foreign visitors [10]. - It offers personalized recommendations based on user preferences and habits, assisting tourists with inquiries about attractions, transportation, and dining options [10]. Group 4: Strategic Partnerships - The travel card service within the app is a collaborative innovation between Shanghai Bank and China UnionPay, reflecting a strategic partnership aimed at improving payment convenience for inbound tourists [5]. - Shanghai Bank plans to continue its collaboration with China UnionPay and other stakeholders to further enhance the app's services and user experience [10].