Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Policy

China unveils measures to optimize payment services

March 08, 2024


Abstract : The guideline, issued by the General Office of the State Council, is aimed at providing higher-quality, more effective and more convenient payment services for senior citizens and foreign visitors.

Maria (R), a Brazilian student, scans a QR code on a vending machine at the Yenching Academy of Peking University in Beijing, capital of China, April 13, 2023. (Xinhua/Ren Chao)

BEIJING, March 7 (Xinhua) -- China has released a guideline to continue optimizing payment services in the country.

The guideline, issued by the General Office of the State Council, is aimed at providing higher-quality, more effective and more convenient payment services for senior citizens and foreign visitors.

It stresses the need to expand the acceptance rate of bank card payments to meet the demand of the elderly and foreigners who use bank cards in various scenarios.

China will facilitate the use of cash and currency exchanges, according to the guideline document. Banks and payment institutions are encouraged to work with clearing houses and upgrade their services for the convenience of seniors and overseas visitors, per the guideline.

It states that large business districts, tourist attractions, hotels, hospitals and other key locations are required to support diversified payment options, including mobile, bank card and cash payments.

It also highlights efforts to streamline account-opening services and enhance the promotion of various payment services.

Scan the QR code and push it to your mobile phone

Keyword: payment service

Reading:

Uptick in local specialty consumption fuels China's rural revitalization

GLOBALink | First international cruise line with Pingtan as its home port starts operation in SE China's Fujian

GLOBALink | China's Hainan to be famous 'jewel' in world: German professor

【Financial Str. Release】PBOC issues circular on OTC biz on interbank bond market, effective from May 1

Kenya receives new wagons from China for railway freight operations

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial