Thursday, November 14, 2024

China’s central bank encourages domestic businesses to accept foreign payment cards

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A coffee shop at Beijing Capital Airport indicates that customers can use Visa, Mastercard, digital Yuan, and other payment methods.

CNBC | Evelyn Chen

BEIJING – China is encouraging banks and local businesses to accept foreign bank cards and is considering other measures to further facilitate mobile payments for foreign visitors to Japan, said Zhang Qingsong, vice governor of the People’s Bank of China. He said he is doing so.

“Banks and vendors (such as hotels, restaurants, department stores, and even coffee shops) are encouraged to accept foreign cash cards,” Zhang said.



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