China's mobile payment industry boosts foreign travel experience with increased transaction limits.
China's mobile payment industry, with 86% penetration, is enhancing travel experience for foreigners. In the first half of the year, foreign card transactions via mobile payment platforms increased 6.65x, with total transaction volume up 8.03x. Major platforms lifted single transaction limit for overseas travelers from $1,000 to $5,000 and annual cumulative limit from $10,000 to $50,000, providing a streamlined payment experience for foreign visitors.
July 07, 2024
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