The Canton Fair, also known as the Chinese Import and Export Fair, has taken significant measures to improve its payment facilities and provide a seamless experience for international participants. By collaborating with multiple financial institutions, the fair aims to create a more inclusive and comprehensive payment environment that supports mobile payments, bank cards, and digital yuan.
One of the notable enhancements introduced by the Canton Fair is the implementation of self-service exchange machines and point-of-sale terminals that accept international bank cards. These advancements aim to simplify the purchasing experience for global traders. Additionally, participants now have access to digital yuan wallets through straightforward procedures on the exchange machines, making transactions more convenient.
To further streamline transactions for international visitors, important locations like Guangzhou Baiyun International Airport and exhibition parks have installed “International Payment Counters for Foreign Visitors.” These counters assist customers in downloading, registering, and using major Chinese mobile payment platforms such as UnionPay QuickPass, Alipay, and WeChat Pay. Moreover, they facilitate the linkage of international bank cards, including Visa and Discover Global Network, enabling QR code payments.
During the offline exhibition, participants have greatly benefited from these improved payment facilities at the Canton Fair. Musta, a longstanding Jordanian buyer at the fair, chose to exchange currency at the self-service exchange machine and shared, “I inserted my ID card and euros, and the machine quickly dispensed cash. It was really simple and easy.” Steve Neumeyer, the General Manager of International Products 90 from the United States, expressed how the enhanced payment methods have significantly improved their participation experience, highlighting that the Canton Fair is a showcase of China’s rapid progress and a gateway to limitless business opportunities.
These advancements in payment methods have made significant progress in facilitating transactions for international visitors in Guangzhou, not only at exhibition sites but also in commercial and tourist areas. Prior to the fair, the city boasted accepting over 90% of international bank cards in key areas, with a 98% acceptance rate for international bank card withdrawals at ATMs. Furthermore, a vast network of over 457,000 local merchants has been established to accept direct payments via e-wallets or to link international bank cards to national e-wallets, making transactions more convenient.
For more information about the Canton Fair, interested individuals can register at https://invitation.cantonfair.org.cn/BuyerUser/RegisterUser?MediaType=16.
The improvements in payment facilities at the Canton Fair have been made in response to the growing number of international participants and the increasing demand for convenient payment options. These enhancements aim to provide a seamless experience for global traders and foster a more inclusive payment environment. By collaborating with multiple financial institutions, the fair has been able to offer various payment methods, including mobile payments, bank cards, and digital yuan.
One of the notable enhancements is the implementation of self-service exchange machines and point-of-sale terminals that accept international bank cards. This improvement simplifies the purchasing experience for international visitors, allowing them to easily exchange currency and make transactions. Moreover, participants now have access to digital yuan wallets through straightforward procedures on the exchange machines, further enhancing convenience.
To facilitate transactions for international visitors, important locations in Guangzhou, such as the airport and exhibition parks, have installed “International Payment Counters for Foreign Visitors.” These counters assist customers in downloading, registering, and using major Chinese mobile payment platforms, such as UnionPay QuickPass, Alipay, and WeChat Pay. They also enable the linkage of international bank cards, including Visa and Discover Global Network, for QR code payments.
These improvements have had a positive impact on the participants’ experience at the Canton Fair. Feedback from buyers like Musta from Jordan highlights the simplicity and ease of using the self-service exchange machines. The General Manager of International Products 90 from the United States, Steve Neumeyer, emphasizes how these enhanced payment methods have significantly improved their overall participation experience, showcasing China’s progress and providing numerous business opportunities.
The enhancements in payment methods extend beyond the Canton Fair exhibition sites, benefiting international visitors in commercial and tourist areas as well. Guangzhou has a high acceptance rate for international bank cards in key areas, with over 90% of cards accepted prior to the fair. Additionally, there is a network of over 457,000 local merchants who accept direct payments via e-wallets or link international bank cards to national e-wallets, enabling more convenient transactions.
While the improvements in payment facilities at the Canton Fair contribute to a more convenient experience for international visitors, there are still challenges and controversies associated with the subject. One notable challenge is the integration and compatibility of different mobile payment platforms, as international visitors may have different preferences and existing accounts on various platforms. Another challenge is ensuring the security and protection of personal and financial data during transactions.
Looking ahead, it is anticipated that the Canton Fair will continue to enhance its payment facilities to keep up with evolving market trends. With the rise of digital payment methods and the potential integration of the digital yuan, the fair will likely prioritize providing a seamless and secure payment experience for international participants.
For more information about the Canton Fair and to register, interested individuals can visit their official website at Canton Fair Registration.