This week, the Canadian Immigration Department (IRCC) announced that Chinese tourists can choose to submit his/her Sesame Credit Visa report (≥750 points) as financial proof for Canadian visa application.
According to data from Statistics Canada, China has ranked Canada’s third largest source of inbound tourists.
At present, there are thousands of merchants in Canada supporting Alipay payment, including catering, accommodation, attractions, transportation and other fields in many tourist attractions (e.g. Toronto, Vancouver, Banff National Park and so on). (Source: mpaypass)
According to “Nikkei News”, Tencent will cooperate with Japanese online message platform Line to provide mobile payment services for small Japanese retailers. It is reported that the service will be officially launched next year.
Last year, about 7.35 million Chinese traveled to Japan, two times more than in the previous three years. Mobile payments are very attractive to Chinese tourists who are used to paying by mobile phones.
According to a report by Global Network Technology, this fall, Yahoo and Softbank cooperated to launch PayPay mobile services. Subsequently, Yahoo and Softbank formed an alliance with Alibaba. In some PayPay member stores, customers can pay with Alipay. (Source: Nikkei)
With the accelerated pace of digitalization, networking, and intelligent transformation of traditional industries, the digital economy is accelerating the integration and penetration of other industries and is driving changes in the financial industry.
On November 28th, JD and KPMG (China) jointly released the “Digital Technology & Finance Service” research report (hereinafter referred to as “Report”). The report believes that digital technology shall improve financial service in four dimensions: context, user, product and operation. At the same time, the report pointed out that “by optimizing user experience, reducing cost and improving efficiency, digital technology would not only facilitate the development of financial industry, but also extend its ability to drive the progress of other industries. (Source: WeiyangX.com)
The industry believes that these standards, which are developed by banks, technology companies and other related industrial practitioners, will provide impetus to the development of mobile payment in China.
In addition, the central bank is developing standards for facial recognition, distributed ledger, and machine learning. (Source: Xinhua)