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View all search resultsChina's two leading mobile payment providers, WeChat Pay and Alipay, now allow foreign visitors to link their credit cards to access the ubiquitous payment methods at local retailers, meaning one headache less for travelers to the country.
Two popular companies from China, Alipay and WeChat Pay, have entered the market in Indonesia. Last year these two fintech firms went viral when national media reported that they could be used by Chinese tourists in Bali. This could have meant lost income for Indonesia as the transactions between tourists and merchants did not involve Indonesian institutions. To prevent loss, the government issued several regulations to anticipate the cross-border payment risks.
Bank Indonesia has said that two digital payment platforms from China, WeChat Pay and Alipay, have started down the path toward operating locally, eyeing transactions from the growing number of Chinese tourists to Indonesia.
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