The Chinese outbound travellers in 2017 spent US$115 billion in different overseas destinations along with 130 million outbound trips.
With this China became world’s biggest source of outbound tourism. Thailand, Japan and Singapore were the top three destinations for Chinese travellers.
The WeChat social media platform has a user base of around one billion globally. WeChat is a globally known technology giant based in China.
WeChat Pay is currently available in over 40 counties and regions across the world in 13 currencies, and 800 million users have linked their bank accounts or credit cards to the service.
We Chat’s payment server, WeChat Pay will focus on building payments infrastructure in these markets so that Chinese tourists can pay for goods and services in a wide array of outlets and local merchants can receive payment.
The outbound tourism in China has propelled the tourism flows from the region. It has emerged as not only the region’s but the world’s fastest growing source market.
The first stage of WeChat Pay’s overseas build out includes Hong Kong, Macau, South Korea, Japan and Thailand – some of the most popular destinations for Chinese tourists.
