Embracing UnionPay is just the starting point

by Welcome Chinese

categories China Market Standard

tags Alibaba Alipay china unionpay Wechat Welcome Chinese 


Currently, the Chinese government-backed UnionPay interbank network is the “gold standard” for payments made by Chinese tourists. Overseas destinations, retailers, hotels, restaurants and tourist attractions should start accepting payment through the UnionPay interbank network, update their point-of-sale terminals and stick a UnionPay decal on the front door. In the future, you can rest assured that the Chinese embrace of “cashless tourism” will only increase.

Among the areas where China leads the way, there’s no doubt that mobile payments have gotten off to a thriving start and the country has become the laboratory for new solutions, with giants like WeChat and Alibaba competing for valuable market share. Nowadays, the battle rages on to conquer the hearts of Chinese overseas travelers, providing them with mobile payment platforms on the global stage.

The transaction volume of Chinese mobile payments is projected to reach 22 trillion yuan ($3.20 trillion) in 2017. The daily usage of these systems in China for nearly every kind of purchase has permeated all aspects of life, testifying to the degree that mobile payments have become a cultural thing. Expectations are that such payments will sooner or later be possible overseas, as a key service to obtaining the favor of Chinese consumers. Thus, keep your eyes on the next marketing activities by Alibaba and WeChat (Tencent), aimed at launching some form of online payment outside China.

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Commented by Bill Frankish, 29.08.2017

We at the Candlewood Suites Calgary Airport North, closely located to the Calgary airport YYC, have been certified by the China Tourism Academy as having reached the JADE STANDARD of "Welcome Chinese" Certification. As such we greet each guest with a special Welcome envelope with Chinese information on our extended stay hotel. Guests receive slippers, tea, and have access to kettles and rice cookers at no charge. Some items are available in our little convenience store called The Cupboard, and there is a Chinese Super Market about 2 kilometers away which has a full selection of food items, commonly found in China, including live fish. Also at the same shopping area, an authentic Chinese Restaurant called The T. Pot , China Bistro From our location we have easy access to main highways to take you to Banff National Park, or the Royal Tyrrell Museum, an excellent Dinosaur museum. Candlewood Suites is an excellent location with cooking facilities which provides a great home base as you travel to various attractions in the area.