WeChat Pay is officially known as Weixin Pay in ... was previously impossible — they needed to have a mainland Chinese bank account and a local mobile phone number. In 2019, Alipay and WeChat ...

It allows users to add their YouTrip Mastercard to Alipay and WeChat Pay without the need for a Chinese bank account. This makes it incredibly convenient for tourists to make cashless payments in ...

So without the unexplained deficit in investment income and the discrepancy between customs goods and balance of payments goods, and China’s current account surplus would now be around $800 ...

Shares in China-based crypto mining chip designer Nano Labs rose slightly after announcing it is now accepting Bitcoin as payment for its goods and services through a business account on Coinbase.

Land sales, which typically account for more than 40% of ... Zhejiang and Jiangsu -— slashed pay by as much as 30%, according to Chinese news website Caixin. “China’s runaway local debt ...

All this “fake” trade deficit does is reduce China’s reported current account surplus—as the goods surplus in the balance of payments is now about $300 billion (over 1.5 percentage points ...

“At that moment, all cross-border payments to China stopped. We found solutions ... depositing cash in a local bank account, the person said. Sources told Reuters that some Russian businesses ...

BRICS member countries, which account for about 35% of the ... other existing bilateral and multilateral payment systems experience. VOA asked the Chinese Embassy in Washington whether and why ...

China's payment system is dominated by the two most popular platforms, Alipay and WeChat, which until recently required a local bank account. Whether it's for everyday shopping, eating out ...