The online travel group holds a global partner summit in Singapore.
The goal is to further meet the diverse needs of Chinese tourists, rebuild the confidence of Chinese tourists.
84% of Chinese consumers prefer mobile payments because of the transparency and favorable exchange rates are key for 60% of respondents.
The abandonment rates in online transactions are still very high: 85% for travel and 78% for hotel.
This initiative marks UnionPay International’s first B2B virtual card designed to address the cross-border payment needs of businesses.
Outbound travel volume surged by over eight times compared to the same period in 2022。
This collaboration also helps create a connected international digital payment ecosystem for Macau, solving the problem of cross-border payments for international tourists.
The new feature also allows foreigners to use their e-CNY wallets at various brick-and-mortar merchants and online platforms such as Didi, Meituan, Ctrip, and JD.
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