China’s Digital Payment Revolution: Lessons for Libra — Dongyao Nie

China is already there. Why. Government permissiveness that has not been forthcoming in the West since it would greatly reduce banks' revenue from retail transactions. But in China the banking system is largely government owned, so it is not the same issue.

The Diplomat
China’s Digital Payment Revolution: Lessons for Libra

Dongyao Nie, news researcher at Al Jazeera English based in Washington DC

Nick Routley — China’s Digital Wallets Offer a Glimpse at the Future of Payments

The numbers are astounding. Most people outside of China probably have no ideal what is happening and how quickly it is happening.

Visual Capitalist
China’s Digital Wallets Offer a Glimpse at the Future of Payments
Nick Routley

Xinhua — Global destinations brace for Chinese national holiday

Here come the Chinese.

Hundreds of thousands of overseas shops in countries all over the world now support Alipay payment in hope of attracting Chinese tourists during the upcoming eight-day national holiday.

Sixteen international airports have real-time QR code-scanning tax refund services for Chinese Alipay users, two in the Republic of Korea, and 14 in Europe, according to Ant Financial, the parent company of Alipay.

"The holiday is not just a festival for Chinese, but for us as well," said Wu Qing, manager of overseas market department of King Power, a duty-free chain in Thailand. "In addition to introducing payment methods that Chinese consumers are most familiar with, we offer Chinese language service everywhere in our stores," Wu said.

The upcoming holiday starts on Oct. 1.

Justin Watson, chief commercial officer of Christchurch International Airport in New Zealand, said the airport had undergone many changes to attract young Chinese tourists, including supporting Alipay.

He said over 400,000 Chinese tourists visited New Zealand last year, most of them young people....

A report by Ctrip, one of China's largest online travel platforms, said an expected 6 million Chinese tourists would travel and shop overseas during the upcoming holiday. 

China.org.cn

Global destinations brace for Chinese national holiday

Xinhua