Alipay responds to State Council policies to improve payment convenience for foreigners and senior citizens

Recently, the State Council issued opinions on further optimizing payment services and improving payment convenience. It aims to promote payment service entities to provide more convenient and satisfactory services to the elderly, foreigners, etc. In response, Alipay responded quickly and, with the support and guidance of the People's Bank of China and the State Administration of Foreign Exchange, took a series of practical and effective measures to better meet user needs. Among them, Alipay will strengthen cooperation with foreign exchange bureaus, banks and other institutions to provide foreign users with more convenient and comprehensive payment services. At the same time, Alipay will also strive to improve the payment experience for the elderly, including more friendly interface design and easier-to-operate payment methods. In this regard, Alipay stated that it will actively respond to the opinions of the State Council and provide users with more convenient and satisfactory payment services.

Recently, Alipay announced to optimize the payment experience for the elderly and foreigners in China. One of the important measures is to increase transaction limits for foreigners. Currently, the single transaction limit has been increased from US$1,000 to a maximum of US$5,000; the annual transaction limit has also been increased from US$10,000 to a maximum of US$50,000. This change will greatly enhance the convenience for foreigners to use Alipay to conduct transactions in China. At the same time, this change will also greatly facilitate the convenience of foreigners using Alipay to conduct transactions in China.

As the data editor interprets, in addition to increasing the transaction limit, Alipay also plans to launch a series of new services, including multi-language translation and overseas wallet ride code "One Code" Tong" and so on. These new services will help expats better integrate into digital life in China. By downloading Alipay and binding international bank cards, inbound users will be able to enjoy the same convenient consumption experience as Chinese people. Whether you are taking a taxi, booking a hotel, booking tickets for attractions, taking the bus, renting a mobile phone, or even checking the exchange rate, Alipay can provide a one-stop service.

In addition, Alipay also supports 10 overseas wallet users to directly scan the QR code to pay after entering the country through the Alipay cross-border digital payment and marketing solution owned by Ant Group. These wallets include AlipayHK from Hong Kong SAR, China, Touch from Malaysia 'n Go eWallet, Korea's Kakao Pay, etc. This move further expands Alipay’s international influence and provides foreigners with more payment options.

Alipay stated that they will continue to work hard to improve payment convenience for the elderly, foreigners in China and other groups, deepen the construction of service scenarios, enrich the supply of payment services, and continuously improve the overall payment service level. These initiatives will undoubtedly inject new vitality into China's digital payment market and push the industry to develop to a higher level.

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