![]() ![]() They are widely used by Chinese tourists for making payments to Chinese-run hotels, restaurants and other businesses in Nepal as the payment giants seek to expand overseas. Although more and more countries are accepting WeChat Pay and Alipay as payment methods outside of China this is only available to Chinese citizens. WeChat Pay, operating on Tencent’s messaging service, and e-commerce giant Alibaba’s Alipay, are the two dominant platforms in mainland China. Under Nepali laws, anyone found guilty of embezzling foreign exchange can be sentenced to up to three years in jail. “Anyone using such platforms can be punished,” he said. “Any digital transaction made with unregistered foreign payment system like WeChat Pay and AliPay is illegal,” Niroula told Reuters. Laxmi Prapanna Niroula, a spokesman for the Nepal Rastra Bank, said the two digital payment platforms were not registered with the regulator in Nepal but were widely used by Chinese tourists for settling their payments with businesses. transactions with eight Chinese apps including Ant Group Co. Exchange rates are based on the rates of the card organization and the issuing bank.FILE PHOTO: A Wechat Pay sign is pictured at a Wechat Pay pop-up store in Shanghai, China January 20, 2018. President Donald Trump signed an order banning U.S. ![]() First released in 2011, it became the world's largest standalone mobile app in 2018 2 3 with over 1 billion monthly active users. 'micro-message') is a Chinese instant messaging, social media, and mobile payment app developed by Tencent. Transaction fees are waived for payments under 200 yuan (around $28), and any amount above that charges a 3% fee. WeChat or Weixin in Chinese (Chinese: pinyin: Wixn (listen i) lit. On WeChat, spending limits per transaction, month and year for foreign visitors are 6,000 yuan (around $835), 50,000 yuan and 60,000 yuan, respectively. Visitors also can’t conduct money transfers, which is unsurprising given China’s stringent control of capital flows across borders. This feature was originally what drove WeChat’s early wave of mass adoption. Unfortunately, visitors won’t be able to try out the digitized Chinese hongbao custom, which involves sending or receiving digital versions of auspicious red envelopes filled with money. Foreign phone numbers can be used for receiving verification codes. To activate their WeChat wallets, foreign users will need to authenticate their identity by uploading their passports. WeChat’s announcement provides useful details on what the setup looks like. A senior administration official explained at a. ![]() Given Alipay and WeChat Pay are literally ubiquitous in both China’s online and offline retail spheres, foreign visitors may now be able to hail a Didi car, ride the subway, rent a shared bike, buy fruit from a grocer, order food delivery and even shop online for myriad Chinese e-commerce goods. More Topics Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming Reading, Writing, and Literature Religion and Spirituality Science Tabletop. President Trump has signed an executive order banning Ant Group’s Alipay, WeChat Pay and 6 other Chinese apps in the US, according to Reuters. The development is thus a huge improvement in foreign visitors’ experience in China. While paying has become breezier for those living in China, finding places that accept cash is now a headache for foreign visitors, as the two payments giants have largely replaced cash from metropoles to villages despite the government’s efforts to warn merchants against rejecting cash. Previously, using WeChat Pay and Alipay in China required a local bank account, making it challenging for short-term visitors to use these payment methods. This week, China’s two dominant mobile payment solutions, WeChat Pay and Alipay, announced that foreign users can now pay at Chinese retailers by linking their foreign credit cards, including Visa, Mastercard and Discover. Great news for those traveling to China! You can finally enjoy the seamless, cashless payment experience that you may have heard about for years and avoid the awkward interaction of asking your local friends to pay and giving them paper money that they can’t spend anywhere.
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