Showing posts with label Tourism. Show all posts
Showing posts with label Tourism. Show all posts

Wednesday, March 6, 2024

SEA’s Outbound and Inbound Tourism Spending Rebounds on Ant Group's Cross-Border Merchant Networks During Chinese New Year Break

Alipay overseas transactions surpasses 2019 numbers

According to data from Alipay+, the Philippines is the 8th most popular destination globally for Alipay+ users, with South Korea, Hong Kong, and Malaysia as the top 3 markets

Other international e-wallets supported by Alipay+ cross-border mobile payment solutions, as well as international card-enabled Alipay accounts, see inbound travel surge

Data from Ant Group shows a robust rebound of consumer spending during the first back-to-normal Chinese New Year (CNY) travel season after the COVID-19 pandemic, especially in cross-border tourism.  

Robust recovery, diversified destinations, and scenarios for Chinese tourists in the region are made possible by Alipay+