Visa’s users can now add their card to China’s e-wallet when travelling to China. — Photo Courtesy Visa Vietnam
Visa, a world leader in digital payments, has announced partnerships with Tencent and Alipay, two of the leading internet and technology companies in China.
With the partnerships, Visa will support Vietnamese travelers visiting China to add their Visa cards to digital wallets, including Weixin Pay - also known as China’s local wallet of WeChat Pay and Alipay.
Visa said international tourists can link their Visa cards to accounts in WeChat Pay and Alipay wallets to pay for purchases at millions of stores for dining, transportation, shopping, daily spending, and more in mainland China.
Consumers can enjoy multiple payment methods such as scanning QR codes, presenting payment codes, and in-app payments, enhancing the consumer payment experience of Vietnamese in China both online and offline.
Furthermore, international Visa cards are now accepted at merchant locations in over 400 cities in Mainland China, at China’s leading online merchants and on mobile apps, including Taobao, Ctrip, Didi, China Railway, and 12306.
“Visa is committed to digital transformation, and we are excited about the potential of our collaboration with Tencent and Alipay for consumers and businesses who enjoy travelling to China. Not only is China a key corridor for Việt Nam, it also plays a crucial part in the global network.
Visa aims to equip cardholders with whatever payment method they like wherever they are, and our nearly 40 years of experience and partnerships in mainland China ensure cutting-edge security, reliability and convenience for Vietnamese travelers,” said Dung Đặng, Visa country manager for Vietnam and Laos.
Recently, Visa and Tencent Financial Technology, the fintech division of Tencent, said they were partnering to enable Weixin users to receive inbound remittance in their digital wallets, a move that will extend the Visa Direct network to more than one billion Weixin users in Mainland China, which is one of the world’s largest inbound remittance markets.
Visa Direct provides a single point of access to billions of endpoints, helping transform global money movement by facilitating the delivery of funds to eligible cards, bank accounts and wallets around the world.
Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. — VNS