Insight Report 7 minutes PremiumInternational Travel in China: New Competition as WeChat Pay and Alipay Accept Foreign Payment Cards? Echo Gong, Senior Analyst Sector Lead: Anand Kumar, Associate Director of Research August 16, 2023 What's InsideFollowing Alipay’s and WeChat Pay’s announcements that they will allow international (non-Chinese) payment cards to be linked to their payment systems for the first time, we assess how these new payment systems announced by WeChat Pay and Alipay will unlock international tourists’ spending, affecting both Chinese and international retailers. Data in this research report are: International and domestic flight volumes in China, current vs pre-pandemic Pre-pandemic international travelers’ reasons for visiting China Main attractions for pre-pandemic international travelers Other relevant research: Read our China Consumer Tracker reports for weekly insights into consumer behavior Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar Retail 2023: 10 Trends in China E-Commerce This report is for subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: Generative AI in Retail and Healthcare: Insights Presented at NACDS TSE 2023Earnings Insights 2Q23, Week 1: Albertsons, Crocs, L’Oréal, Walgreens and More Post Positive Performance; Levi’s Sees Sales DeclineThinking Differently About Tech and Data To Drive Profit: The 3x3x3 FrameworkDecember 2022 US Retail Traffic and In-Store Metrics: Traffic Growth Turns Positive
