{"id":71119,"date":"2025-09-18T07:48:12","date_gmt":"2025-09-18T07:48:12","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/71119\/"},"modified":"2025-09-18T07:48:12","modified_gmt":"2025-09-18T07:48:12","slug":"ant-groups-alipay-and-tencents-weixin-pay-embrace-chinas-cross-border-payment-system","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/71119\/","title":{"rendered":"Ant Group\u2019s Alipay and Tencent\u2019s Weixin Pay embrace China\u2019s cross-border payment system"},"content":{"rendered":"<p>China\u2019s two largest mobile payment services, Ant Group\u2019s <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3307968\/alipay-leads-chinas-payments-apps-tap-and-pay-service-amassing-100-million-users?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Alipay<\/a> and Tencent Holdings\u2019 <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3302240\/tencents-weixin-pay-chases-chinese-tourists-singapore-sentosa-deal?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Weixin Pay<\/a>, have adopted a new cross-border payment system designed to facilitate cashless transactions made by foreigners in the country.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Alipay, along with Ant Group\u2019s overseas spin-off Ant International, and Weixin Pay said in separate statements on Wednesday that they were expanding support for foreign e-wallets through China\u2019s Cross-border Interconnection Payment Gateway scheme.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Ant is affiliated with Alibaba Group Holding, owner of the South China Morning Post.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Launched by the People\u2019s Bank of China and the Payment and Clearing Association of China this year, the new system aimed to improve payment convenience for foreign visitors, Lu Lei, deputy governor at the central bank, said at an industry forum on Tuesday, according to state media.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The system began its trial run at the end of July and had already processed nearly 2 million transactions, reaching 427 million yuan (US$60 million) as of last week, Lu said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Alipay now supported seven international bank cards and 31 mobile wallets from 12 countries and regions, including recent additions from Indonesia, Uzbekistan and Thailand, according to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s two largest mobile payment services, Ant Group\u2019s Alipay and Tencent Holdings\u2019 Weixin Pay, have adopted a new&hellip;\n","protected":false},"author":2,"featured_media":71120,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[257],"tags":[19024,5028,42524,22036,381,49057,18,4202,19,7088,49058,17,279,49059,49060,2711,82,42952,49061],"class_list":{"0":"post-71119","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-alibaba-group-holding","9":"tag-alipay","10":"tag-ant-group","11":"tag-ant-international","12":"tag-china","13":"tag-cross-border-interconnection-payment-gateway-scheme","14":"tag-eire","15":"tag-hong-kong","16":"tag-ie","17":"tag-indonesia","18":"tag-internet-banking-payment-system","19":"tag-ireland","20":"tag-mobile","21":"tag-payment-and-clearing-association-of-china","22":"tag-payment-connect-programme","23":"tag-peoples-bank-of-china","24":"tag-technology","25":"tag-tencent-holdings","26":"tag-weixin-pay"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/71119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=71119"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/71119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/71120"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=71119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=71119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=71119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}