Caixin
Dec 29, 2023 08:24 PM
FINANCE

China Is Making Payments More Convenient for Foreigners, Central Bank Official Says

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Zhang Qingsong, a deputy governor of the People's Bank of China, speaks in Beijing on Dec. 28. Photo: VCG
Zhang Qingsong, a deputy governor of the People's Bank of China, speaks in Beijing on Dec. 28. Photo: VCG

China has been making it easier for foreigners to make payments inside the country by improving mobile solutions and increasing business and ATM acceptance of foreign bank cards, a central bank official said Thursday.

The move is widely seen as part of the country’s efforts to make it a more attractive destination for foreigners to visit, live or work.

The People’s Bank of China (PBOC) has been asking commercial banks and nonbank payment institutions to encourage more businesses — especially those at airports, train stations and major business districts — to accept foreign bank cards, Zhang Qingsong, a deputy governor of the central bank, said at a press briefing.

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