Ant Group and Mastercard Launch Inbound Consumption-friendly Plan in Shanghai

On May 31, TapTechNews reported that, according to Xinmin Evening News, under the guidance of the Shanghai Headquarter of the People's Bank of China, the Shanghai Municipal Commission of Commerce, the Municipal Transport Commission, the Municipal Bureau of Culture and Tourism, etc., Ant Group and Mastercard jointly launched the "Inbound Consumption-friendly Business District Co-construction Plan" in Shanghai today.

It is known that the plan has attracted more than 20 major popular business districts such as Nanjing Road, Huaihai Road, and the Bund, 5 landmark scenic spots such as Yuyuan Garden and the Oriental Pearl Tower, 5 foreign-related living communities such as Lianyang and Zhangjiang, the first response at all links of Shencheng's inbound entry and 2 major international airports and 3 major railway stations.

The report mentioned that currently, small and medium-sized merchants in China can do inbound tourist business in a "familiar way" only by relying on the existing Alipay collection code without the need for equipment modification. According to the advocacy standards of the "Inbound Consumption-friendly Business District Co-construction Plan", posting obvious payment logos at the cashier desk, displaying eye-catching bilingual service manuals at the service desk and public spaces, and providing upgraded services such as bilingual waiters and bilingual menus can all let more foreign consumers know that they can also use mobile payment when they come to China.

In addition, according to the previous report of TapTechNews, the bank card clearing business of the Mastercard brand in China has also officially started earlier this month. After the opening, WanShi UnionPay will authorize issuing banks to launch a brand new "China Mastercard" bank card product that is universal at home and abroad. Currently, many banks have announced the launch of Mastercard RMB cards, including the Bank of China, Guangdong Development Bank, Shanghai Bank, and Industrial and Commercial Bank of China.