More Outbound Chinese Tourists Adopt Mobile Payment: Nielsen
Mohammad Ali (@ChaudhryMAli88) Published January 22, 2019 | 12:46 AM
Mobile payment has overtaken cash for the first time among Chinese tourists traveling overseas, according to a report by global measurement and data analytics company Nielsen
The "2018 trends of Chinese mobile payment in outbound tourism," jointly released by Alipay, China's leading online payment platform, said outbound Chinese tourists continue to embrace mobile payment while overseas merchants enjoy the benefits of wider adoption.
Surveying more than 2,800 Chinese travelers and over 1,200 overseas merchants, the report concludes that the average budget for Chinese tourists traveling abroad has increased.
On their most recent overseas trips, Chinese tourists paid for 32 percent of transactions using mobile payment, overtaking cash for the first time, it said.
In addition to serving Chinese tourists, Chinese mobile payment methods also help boost the operations of overseas merchants. Nearly 60 percent of surveyed merchants saw growth in both foot traffic and revenue, according to the report.
The findings provide a new perspective on the dynamics of China's ever-changing consumer market, at a time when Chinese tourists are increasingly traveling the world, and their spending and choices become more influential, it said.
Recent Stories
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
Anger among Ukrainians in Poland as Kyiv halts passport renewals
Police book youngster for abusing student for one year
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakist ..
More Stories From World
-
Spain PM Sanchez says weighing resignation after wife's graft probe
2 minutes ago -
Long-lost Klimt portrait auctioned off for 30 mn euros
2 minutes ago -
TikTok to fight US ban law in courts
20 minutes ago -
Anger among Ukrainians in Poland as Kyiv halts passport renewals
20 minutes ago -
Teenage girl arrested after stabbing at Welsh school
38 minutes ago -
Pakistan Day Reception in Pakistan Embassy Abu Dhabi
1 hour ago
-
Russia, Ukraine to exchange displaced children after rare talks
2 hours ago -
Vaccines saved at least 154 million lives in 50 years: WHO
2 hours ago -
EU parliament's youngest lawmaker eyes re-election
2 hours ago -
10 dead as floods wreak havoc in Kenyan capital
2 hours ago -
UAE announces $544 million for repairs after record rains
3 hours ago -
Hamas releases video of Israeli-American hostage held in Gaza
3 hours ago