Guide to payment service in China (by the People's Back of China in 2024):
- Video: http://www.pbc.gov.cn/en/3688110/3688172/5188125/5274061/index.html
- PDF version in English: http://www.pbc.gov.cn/en/resource/cms/2024/05/2024052411343817647.pdf
In China, the payment method landscape is dominated by mobile payment platforms. The primary methods include:
Mobile Payments:
- Alipay: Operated by Ant Group, Alipay is one of the largest mobile payment platforms in China. It offers a wide range of services, including QR code payments, online shopping, utility bill payments, and financial services.
- WeChat Pay (aka WeXin Pay): Part of the WeChat app, which is owned by Tencent, WeChat Pay is another leading mobile payment platform. It integrates seamlessly with the social media and messaging features of WeChat, allowing users to make payments, transfer money, and pay for services directly within the app.
- Please check out the PBC's guide above for how to install and use Alipay or WeChat pay if you are interested.
Cash:
- Although less common in urban areas, cash is still used, particularly in rural areas or for small transactions. It is advisable to exchange CNY cash bills at the airport or in advance for a better exchange rate. Summer school participants are recommended to carry some cash while staying in Hefei.
Credit/Debit Cards:
- UnionPay / VISA / Mastercard: These cards are accepted at most ATMs, hotels, shopping malls, big supermarkets, and online merchants within China. However, they may not be accepted at small convenience shops or small restaurants.
- Credit cards accepted at Best Western hotel: Matercard, VISA, JCB, American Express
