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payment in China

时间:2018/1/6 16:11:00 作者:learnmorechina 来源: 查看:120 评论:0
What payment mothod using in China? How can we pay during visit China? Is there some payment online in China? Learn More China now shares payment in China with you. 

"If you have money, you can make the devil push your grindstone," as an ancient Chinese proverb says, or in less flowery terms: money works wonders. 

Generally speaking, China is still a cash economy in large parts of the country. If you intend to travel to smaller cities and rural areas, you shouldn’t rely on alternative methods of payment. A stack of banknotes is the easiest way of paying for food and accommodation. Obviously, things look rather different in the big coastal metropolises.payment in China

Besides, China is home to 641.6 million Internet users, more than the entire population of the United States. According to the People’s Bank of China, mobile transactions rose by 255% to ¥ 3.89 million between 2013 and 2014. The vast majority (85%) of China’s online payments are processed by Chinese payment systems like AliPay, TenPay, 99bill and China UnionPay.

In tier-1 cities like Beijing or Shanghai, you can pay with foreign credit or debit cards more easily. Brands like Visa or Master Card are accepted at major hotels, upmarket restaurants and upscale bars, at shopping malls and department stores, at travel agencies, airlines and international transport hubs, etc.

Nonetheless, you should consider getting in touch with your card company before you leave. Just ask if they have any experience with international travel and credit card usage in mainland China. US expats with a Discover card can rejoice: They can pay by card everywhere they spot a China Union Pay sign.

Though China has signaled some willingness to open the market to foreign companies, there is only one domestic bank card organization in mainland China. China Union Pay runs an interbank network that covers all Chinese cities. Union Pay issues credit cards, debit cards, stored-value cards, and ATM cards.

You can apply for a Union Pay Card when you open your own bank account in China. Then you can be sure that your type of credit card will be readily accepted. However, this still doesn’t mean you can simply pay by credit or debit card anywhere. Cash remains a valid option – and sometimes the only one.

Have you any idea for payment in China? 


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