Vietnamese travelers can now link Visa cards to e-wallets in China
By Gloria Methri
Visa has entered a partnership with Tencent and Alipay to empower Vietnam cardholders to link their Visa cards to digital wallets in China.
International tourists can now 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 Vietnameses 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, 12306, etc.
“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 Vietnam, but it also plays a crucial part in the global network. We aim 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 travellers,” said Dung Dang, Visa Country Manager for Vietnam and Laos.
Recently, the payments giant signed a partnership with ad Tencent Financial Technology to enable Weixin users to receive inbound remittances 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.
IBSi Daily News Analysis
January 16, 2024
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