China Opens Its Payments Doors

Being a tourist in China just became a whole lot easier. Alipay and WeChat Pay — the dominant, QR-code based payment methods that have taken the world by storm — are now available for use by foreigners. This is a significant milestone for the companies and the country, and a harbinger for global expansion.

Image courtesy of MarketingToChina.

Alipay and WeChat Pay have redefined the payment landscape, both at home and around the world. In 2018…