Happy Chinese New Year (春节 chunjie)
Chinese New Year is considered the most important holiday in China. The beginning of the New Year falls on the new moon between 21 January and 21 February. On 16 February 2018, the year of the Dog commences. Millions of Chinese travel during the holidays, being the world's largest nation on the move.
It is therefore even more decisive to understand the millenials' expectations, who make up the largest part of Chinese tourists outside China.
Furthermore, a third (37%) of the tourists are aged between 30 and 44 years, 10% are between 45 and 59 years old.
Favorite travel destinations outside Asia
Outside of Asia, Europe is the most popular travel destination for Chinese travelers. In the last four years, the number of overnight stays and stopovers has almost doubled. North America is the second most popular travel destination for Chinese, followed by the Middle East. Africa remains as the continent which is at least visited.
Worth knowing: China is one of Europe’s most important source markets for tourism, and the number of wealthy Chinese visitors will continue to rise in the coming years. Did you know that more than 1 billion Chinese users s worldwide already make mobile payments with Alipay and WeChat Pay? With the China Payment Gateway from Wirecard, you can accept the two most popular mobile payment solutions in an instant. Take advantage of our integration options for the point of sale – no technical set-up required and no need to open an account in China.
Sales of €37.5 billion generated from Chinese tourists in 2015
Spend of over €500
Over 1 billion users of
Alipay & WeChat Pay in China
Wirecard offers a merchant app for smartphones and tablets for payment processing. Alternatively, you can integrate the payment methods into your checkout system via an SDK or a hardware connector.
Open the merchant app or select Alipay/WeChat Pay in your checkout system and scan the barcode generated by the customer’s app. The payment process is launched automatically.
You can view all transactions in the overview section of your merchant app. Once the transaction has been completed, the sales receipt and a document for requesting a VAT refund at customs are printed.
"Passengers from China are an important target group for retail at Munich Airport. We are delighted to soon be able to offer these visitors who have extremely high purchasing power the Chinese payment method Alipay in all our shops, which means currency exchange will no longer be required."Sven Zahn, Managing Director of eurotrade Flughafen München Handels-GmbH
"We are proud to be one of the first WeChat Pay partners for POS acceptance in Europe. This collaboration is an additional step for us to offer retailers a whole range of alternative and classical payment methods with just one interface."Jörn Leogrande, Executive Vice President Mobile Services at Wirecard
"Mobile payments are taking over the Chinese payment ecosystem."www.businessinsider.de
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