WeChat payment can be tied to the five major international credit cards

Recently, under the guidance of the People s Bank of China, Tencent has reached a series of cooperation with Visa, Mastercard, AmericanExpress, Discover Global Network (including Diners Club), and JCB five international card organizations to support international credit card binding WeChat payment opened overseas It has supported the purchase of dozens of merchants in 12306, including ticket purchase, Didi Chuxing, JD.com, Ctrip, and other clothing, food, and housing outlets. Thereafter, under the guidance of supervision and strict implementation of anti -money laundering related policies, more use cases will be released in an orderly manner.

The cooperation with the five major international card organizations is that Tencent has further explored to provide convenient mobile payment experience for overseas users in the context of related policies.

On August 23, 2019, the General Office of the State Council issued the Opinions on Further Stimulating the Potential of Cultural and Tourism Consumption, which mentioned the need to improve the inbound tourism environment, improve the mobile payment solution for inbound tourists, improve the multilingual service level of consumer places, and increase tourists. Consumer convenience.

On October 30, 2019, the Guiding Opinions on Promoting the Development of Fintech and Supporting the Construction of Shanghai s Fintech Center issued by the People s Bank of China s Shanghai Headquarters pointed out that that application scenarios of payment and settlement services were optimized, and financial technology was used to optimize the financial foundation of RMB internationalization Facilities to explore and break through the obstacles for Hong Kong, Macao and Taiwan compatriots and foreign users to apply third-party payment tools.

Prior to this, Tencent has launched a number of services to facilitate Hong Kong, Macao and Taiwan compatriots and foreigners to travel or live in Mainland China.

WeChat payment supports overseas users to bind mainland bank cards, covering up to 128 banks. Overseas users use any of the passports, Hong Kong and Macao return permits, Taiwan compatriot cards, Hong Kong and Macao residence permits, and Taiwan residence permits to open savings cards and credit cards. After binding, they can use WeChat payment for online months. With the support of banks and the Hong Kong Monetary Authority, WeChat Hong Kong Wallet is the first to provide Hong Kong users with mobile payment services in the Mainland, and currently supports nearly one million merchants in the Mainland.

10October 2019, foreigners and compatriots from Hong Kong, Macao, and Taiwan can enter the tax refund in real time using WeChat scan codes.

Considering that overseas users are more likely to use international credit cards issued overseas, Tencent is working together with the five major international card organizations to provide a more convenient mobile payment experience for overseas users.

In the future, Tencent will continue to actively explore under the guidance of supervision, unite the various parties in the industry to continuously innovate and practice, and jointly provide more convenience for Hong Kong, Macao and Taiwan compatriots and foreigners to consume and live in Mainland China.

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