Alipay and WeChat Pay are the 2 biggest mobile payments in China. In this post, FinFan will share with you the definitions of Alipay and WeChat Pay, how they work, and the difference between them.
Re-opening tourists from China gives a great chance for Vietnamese Tourism to grow up. However, payment is always the problem when we try to lure more travelers from this “billion citizens” country. In this article, let’s FinFan shows you how Chinese Tourists Can Make Payments in VND in Vietnam.
China has listed Vietnam as a country China’s group tours can be conducted starting from March 15, according to Peng Shituan, Cultural Counselor of the Chinese Embassy in Vietnam. Will re-opening Chinese Tourists help Alipay and WeChat Pay go back to Vietnam?
China reopens the tour to Vietnam, this leads the more opportunities for Tourism in Vietnam to lure Chinese travelers. However, these are 3 things that travel agencies in Vietnam should consider for taking profit from this “billion of citizens” country’s tourists.
Global spend on B2B cross-border payments is expected to exceed $40trn by the end of 2024, rising from $27trn in 2022, according to a report from Juniper Research.
While innovation has continued apace in the B2C space, cross-border payments have emerged as a niche for new challengers – often marketplaces – who cut down processing times, reduce costs, and cut through red tape.
Vietnam has the highest average volume of cross-border online purchases of up to 104 orders per year in Southeast Asia, higher than the Southeast Asian average of 66.
The transformation of global payments will be driven by SMEs. SMEs will drive the development of smoother remittance platforms in order to streamline payment processes, reduce operational overheads, and remain competitive.
The ability to send and receive remittances has been severely hampered as a result of Russia's invasion of Ukraine, with both countries experiencing disruption.
A strong global GDP and associated trade growth will keep accelerating the demand for cross-border payments, which is estimated to reach US$ 156 trillion by 2022.