Yin told Xinhua that WeChat Pay's overseas service focus only on Chinese tourists now, as the service is available in 12 countries and regions such as South Korea, Japan, Canada, China's Taiwan. It covers over 140 countries worldwide and all the popular tourist attractions in China. Payment Platforms 1 WeChat Pay. WeChat Pay is one of the most used payment systems in China so installing a WeChat Pay system online would be a move in the right direction.
Lately, we’ve received loads of inquiries, asking about the top outbound destinations for Chinese tourists and their WeChat consumption while travelling overseas.
For advertisers, marketers, and businesses who’d like to target Chinese tourists, we have put together the 2017 statistics, findings, and trends to help answer your questions.
A significant number of Chinese citizens use WeChat Pay instead of paper currency, and as a tourist, setting up a WeChat Pay account can make purchasing products, sending money, and paying bills considerably easier. If you choose to make a purchase in China, the app will automatically convert your currency into CNY (and vice-versa for tourists). WeChat Pay hopes to make its services more accessible to tourists by securing the support of international financial giant Visa, with a plan that will enable people to connect existing cards to the app. WeChat Pay for Foreigners Isn’t.Quite. That Simple. The good news is you’ve linked a credit card which verifies your identity and is an important step in WeChat sign up. Unfortunately, you won’t actually be able to pay for anything with your credit or debit card on the app unless it’s officially issued by a bank in mainland China.
1. Hong Kong is the favorite destination
According to the Nielsen 2017 Outbound Chinese Tourism and Consumption Trends Report, among all Chinese tourists who traveled overseas in 2017:
- 67% travelled to other Asian countries or regions
- 51% travelled to Hong Kong, Macau, or Taiwan
- 38% travelled to Europe
- 25% travelled to North America
- 20% travelled to Australia and/or New Zealand
Hong Kong remains the most popular destination among the three Chinese regions of Hong Kong, Macau, and Taiwan.
As European travel becomes better developed for Chinese tourists, nearly 40% of respondents travelled there last year, mainly to France, the United Kingdom, and Germany.
Asian destinations were the most popular destinations among Chinese tourists due to numerous favourable considerations, such as simpler visa procedures, more affordable prices, and convenient transportation.
From the WeChat 2017 China’s National Day Holiday Data Report, Hong Kong is also the most popular check-in destination.
2. Experience is the top priority for Chinese tourists
For the Chinese traveler, price is not a decisive factor in choosing travel destinations or tourist attractions. The beauty and uniqueness of the tourist attraction and safety are the first and second biggest factors, respectively.
3. Overseas trips are done mainly for enjoyment
Chinese tourists travel overseas mainly for leisure, such as dining and shopping.
4. Traveling with smart communication devices has become the new trend
97% of Chinese tourists purchase a data package or make other such preparations to use their smart device while travelling overseas. This is done to enjoy the many benefits of mobile internet access, such as communication, socializing, and navigation, as well as to explore the local attractions, dining opportunities, and shopping discounts.
5. Duty-free stores are the most popular shopping location
During the 2017 Chinese National Day holiday, according to WeChat official statistics, 52% of Chinese tourists with WeChat used WeChat Pay for shopping in duty-free stores.
6. Skin care and beauty products are the most popular goods purchased
7. Discounts and payment methods are key attractions
Chinese tourists consider discounts to be an important factor in their purchasing decisions. At the same time, they also consider the payment methods accepted by the local merchants when making purchasing decisions.
8. 65% of outbound Chinese tourists paid using mobile payment methods in 2017
When travelling abroad, most Chinese tourists use more than one payment method; it is normal for Chinese tourists to employ multiple payment methods while travelling overseas. Aside from the traditional methods of payment, like cash and credit cards, more and more Chinese tourists are also using mobile payment platforms during their travels abroad.
9. Hong Kong was the most convenient country in which to make purchases using WeChat Cross-Border Pay
During the 2017 Chinese National Day holiday, WeChatters who went overseas were able to use WeChat Pay at more local merchants than ever before. Hong Kong was the most convenient country in which travellers could make purchases using WeChat Cross-Border Pay, showing that supported payment methods are key in drawing the Chinese crowd.
Wechat Pay Limits
10. The largest number of outbound tourists in China left from Shanghai during China’s National Day holiday in 2017
The number of Chinese travellers going abroad from southwest cities of China is growing fast—the top cities for outbound travellers are all from southwest.
This data helps us understand the preferences and habits of Chinese travellers. Chat Chat can support you in reaching them more effectively!
WeChat, a Chinese social media platform, is one of the most popular chat apps in the world. With more than 650 million daily users, the app has become one of the most heavily used in existence.
Over time, the app has expanded to allow Chinese citizens and tourists to make electronic payments. WeChat Pay, which is fully integrated into the WeChat app, is popular among Chinese companies, private citizens, and small businesses. Fortunately, WeChat pay for tourists, including study abroad students, can be used to purchase items in China.
What is WeChat Pay?
Wechat Pay Hk
As stated above, WeChat Pay allows individuals to make electronic payments using their smartphone. A significant number of Chinese citizens use WeChat Pay instead of paper currency, and as a tourist, setting up a WeChat Pay account can make purchasing products, sending money, and paying bills considerably easier. If you choose to make a purchase in China, the app will automatically convert your currency into CNY (and vice-versa for tourists). Once the buyer confirms the deal in the app, the money will be deducted from your home account.
WeChat Pay supports a large number of currencies, which include, but are not limited to USD, CAD, EUR, GBP, AUD, and NZD. Vendors agree to accept these currencies, and if your country’s currency is not supported, transactions can be made in USD.
Accepted Payment Methods
WeChat Pay users have access to a wide variety of payment methods, and many Chinese citizens and businesses appreciate the app’s versatility. The following types of payments can be accepted through the app:
- QR Code Scan (Quick Pay) – Allows the vendor to scan QR codes on customer phones.
- In-app Web Payments – Followers of retailers and other vendors can purchase products and services offered by online retailers.
- QR Code Payment – Chinese vendors create different QR codes for different products. When a QR code is scanned, the user has the option to purchase the corresponding product via the app.
- In-app Payment – Smartphone users can integrate WeChat Pay into their other apps. If a user wishes to make a payment through another app, they must give WeChat permission to carry out the transaction.
The creators of the app also created WeChat Pay for tourists and Chinese citizens alike. The app can be used by anyone from any country. WeChat Pay is accepted in most retail stores, restaurants, hospitals, taxis, entertainment venues, and hotels.
Setting Up a WeChat Pay Account
Setting up a WeChat Pay account as a tourist is relatively simple, and the process only consists of a few steps. To start using WeChat Pay in China, you must first download the app and link your WeChat wallet to your personal bank account. It is important to note, however, that you must have a Chinese bank account or a credit card from your home country. In the past, only Chinese credit cards where accepted, but the app now allows tourists to use international credit and debit cards in the app.
To set up WeChat Pay account, complete the following steps:
- Open the app and select the “Me” option. After selecting this option, tap “Wallet.”
- Select the “Bank Card” option.
- Choose “Add a Card.”
- Enter your card number into the prompt.
- Enter your passport ID number, name, and phone number.
- Once you have entered your card and personal information, you will be sent a confirmation code via SMS. Enter the code into the prompt.
- Once you enter the code, you will be asked to create a payment passcode. Similar to a PIN number, a passcode will allow you to approve payments.
- Accept the user agreement and begin using WeChat Pay to make transactions.
Wechat Pay In Usa
If you intend to use a foreign credit card in China, you will need to enter your billing information and the security code on the back of the card. You will also be asked to verify the card number. It is important to note, however, that some credit card issues charge foreign transaction fees, which can be up to 2% of the overall purchase price of a product or service. Your card issuer may also initially refuse to allow you to input your information due to fraud suspicions. This issue can usually be solved by contacting the issuer directly.
Once you have completed the steps listed above, you can start using WeChat Pay everywhere it is accepted, which is most of China. Get in touch with International Business Seminars today to learn more about our Chinese seminars for students.