The Canton Fair, one of China’s largest import and export exhibitions, has taken a significant step to facilitate payment processes for international visitors. In collaboration with multiple financial institutions, the fair has expanded its payment systems to create a more comprehensive payment environment that includes mobile payments, bank cards, and digital currencies.
To better serve the global community of traders, the Canton Fair has introduced self-service exchange machines and POS terminals that support international bank cards, simplifying purchases for participants. Additionally, attendees can now easily access digital yuan wallets through the exchange machines, enabling seamless transactions.
At key locations such as the Guangzhou Baiyun International Airport and the fairgrounds, a dedicated “Foreign Visitors Payment International Desk” has been set up to streamline transactions for international visitors. At these counters, guests receive assistance in downloading, registering, and using major Chinese mobile payment platforms such as UnionPay QuickPass, Alipay, and WeChat Pay. They also help link international bank cards like Visa and Discover Global Network for QR code payments activation.
During the fair, visitors have had the opportunity to fully experience the enhanced payment convenience. Musta, a long-time Jordanian buyer at the fair, decided to use the exchange machine for currency conversion. He reported, “I inserted my ID and then the euros, and the machine quickly dispensed the money. It was really hassle-free and easy.” Steve Neumeyer from the USA, General Manager of International Products 90, stated, “The user-friendly payment methods have significantly improved our participation experience. The Canton Fair showcases China’s rapid progress and serves as a gateway to infinite business opportunities.”
Efforts have been made to provide international visitors with more convenient payment options not only within the fairgrounds but also in shopping and tourist areas throughout Guangzhou. Prior to the fair, the city achieved over 90% coverage in terms of accepting international bank cards in key areas, and ATM support for withdrawals with international bank cards reached a record high of 98%. Furthermore, an extensive network of over 457,000 local merchants has been established, accepting direct payments via electronic wallets or enabling the linking of international bank cards with domestic electronic wallets, making transactions much more convenient.
For more information about the fair, please visit https://invitation.cantonfair.org.cn/BuyerUser/RegisterUser?MediaType=16.
The Canton Fair’s expansion of payment options for international visitors is in line with current market trends towards digital and mobile payments. With the increasing popularity of mobile payment platforms such as Alipay and WeChat Pay in China, it is crucial for international visitors to have access to these platforms to make transactions seamlessly.
The introduction of self-service exchange machines and POS terminals that support international bank cards provides convenience for participants who prefer to use their own bank cards for purchases. This allows for easier currency conversion and eliminates the need for manual transactions at traditional currency exchange counters.
The inclusion of digital yuan wallets through the exchange machines also aligns with the growing trend of digital currency adoption. As China continues to develop its digital yuan initiative, providing access to digital yuan wallets at major locations like the Guangzhou Baiyun International Airport and the fairgrounds showcases the country’s progress in digital payment solutions.
Advantages of the Canton Fair’s expanded payment options include enhanced convenience and accessibility for international visitors. With the availability of mobile payment platforms and support for international bank cards, participants can make transactions more efficiently and securely. The dedicated “Foreign Visitors Payment International Desk” further streamlines the process by providing assistance in setting up mobile payment platforms and linking international bank cards.
However, there may be some challenges and controversies associated with the subject. One potential challenge is the compatibility of international bank cards with Chinese payment systems. While efforts have been made to link international bank cards for QR code payments activation, there may still be instances where certain bank cards are not compatible or encounter difficulties when using Chinese payment platforms.
Moreover, the expansion of payment options raises concerns about privacy and data security. With the collection of personal information for registration and usage of mobile payment platforms, international visitors may be wary of potential data breaches or unauthorized use of their information.
Overall, the Canton Fair’s initiative to expand payment options for international visitors reflects the current market trends towards digital and mobile payments. While there are potential challenges and controversies, the advantages of enhanced convenience and accessibility outweigh these concerns.
For more information about the fair, you can visit the official website at Canton Fair. This link provides access to registration and further details about the fair.