New Energy Vehicle Insurance Policy Lands: Multiple Departments Collaborate to Solve High Claims Payment Challenges and Promote High-Quality Industry DevelopmentRecently, the National Financial Regulatory Administration, in conjunction with the Ministry of Industry and Information Technology and other departments, issued the "Guiding Opinions on Deepening Reform, Strengthening Supervision, and Promoting High-Quality Development of New Energy Vehicle Insurance" (hereinafter referred to as the "Guiding Opinions"), pressing the "accelerator" for the development of new energy vehicle insurance. This policy's release comes at a critical juncture where the popularity of new energy vehicles is accelerating, yet the industry faces challenges such as high claims rates and soaring repair costs...

Alipay Partners with American Express to Offer Global Tourists a Smoother Chinese Payment ExperienceThe collaboration between Alipay and American Express marks a new milestone for Alipay's "foreign card, domestic binding" service. This partnership will enable eligible American Express cardholders worldwide to use Alipay for transactions within China...

Alipay Responds to Payment Discount Error: No Refunds, Fraud Warning IssuedIn the early morning of January 17th, Alipay released an official statement addressing a payment discount error that occurred on the afternoon of January 16th. The statement explained the incident, addressed user concerns, outlined subsequent measures, and urged users to be vigilant against scams...

Ant International Powers the Takeoff of China's Inbound Tourism: Digital Payments Empowering Growth in the Aviation and Tourism IndustryIn recent years, driven by continuous optimizations to China's inbound tourism policies and ongoing upgrades to tourism services, the number of global tourists visiting China has seen a strong rebound. Convenient and secure payment services have become crucial in enhancing the quality of aviation and tourism services and increasing tourist satisfaction...

Why Mobile Payment Isn't Popular in Developed Countries: Zhou Xiaochuan's InsightIn China, mobile payment has become an indispensable part of daily life. From street vendors to large shopping malls, mobile scanning payment is ubiquitous, and cash payments have gradually faded from view...

QR Code Payment: China's Rapid Rise, Why Does it Lag in Europe and the US?A Gradually Accepted "New Life"WeChat astutely identified the market potential of QR code payment, leveraging its vast user base and social attributes to introduce its own QR code payment function. With Alipay and WeChat spearheading the movement, QR code payment gradually entered the public consciousness...

Is it safe to pay with a barcode scanner at supermarkets? Decrypting the security mechanisms behind barcode paymentWe often use WeChat or Alipay to scan and pay when shopping at supermarkets. Cashiers scan our QR codes with a barcode scanner, but some people are concerned: Is the barcode scanner safe? Can it be used to make payments without entering a password, and are there any security risks? Today, we'll learn more about the security mechanisms behind barcode payments to address your concerns...

JD Pay Upgraded: A Comprehensive Wallet Balance Product for a More Convenient Payment ExperienceMobile payment has become an indispensable part of daily life. According to a survey by the China Payment Clearing Association, 85...

WeChat Pay Empowers CIFTIS, Delivering a Seamless Inbound Payment ExperienceThe 2024 China International Fair for Trade in Services (CIFTIS), held in Beijing from September 12th to 16th, attracted over 80 countries and international organizations. To provide foreign visitors with a more convenient payment experience, CIFTIS partnered with Tencent WeChat Pay to establish a "2024 CIFTIS Inbound Payment Convenience Special Service Desk" at the National Convention Center...

JD Finance App Launches Payment Subsidy Campaign: Scan WeChat QR Code to Pay and Save MoneyOn July 19th, JD.com announced that its JD Finance App has launched a new payment subsidy campaign...

"Just Tap" to Pay? What's the Experience Like with Alipay's NFC Payment?With the prevalence of WeChat's "Palm Payment" last year, and the launch of Alipay's "Tap to Pay" two months ago, the domestic payment landscape, once dominated by "QR code payment," has quietly begun to fragment. "Palm Payment," as the name suggests, involves placing your palm in front of a device, where your palm print and blood vessel information is matched with previously recorded data, enabling payment...

New payment methods are leading a new revolution in lifeWith the rapid development of technology, payment methods are quietly changing our lives. From traditional cash payment to various novel payment methods nowadays, we are experiencing a unprecedented transformation...