E-wallets — Blog — Silkpay.eu

KakaoPay’s Soaring popularity: impact on the outbound tourism

KakaoPay's soaring popularity, particularly among South Korean users, will impact the way South Korean tourists pay abroad, offering a convenient and widely accepted payment solution. For international merchants, embracing KakaoPay by accepting Alipay not only satisfies the growing demand from Korean tourists but also enhances customer experience by providing diverse payment options.

Maximize global reach with Alipay+: key strategies for merchants

The integration of Alipay+ and similar digital payment platforms offers a significant opportunity for European and American merchants to expand their global reach and adapt to evolving consumer preferences. By embracing diverse payment methods, focusing on cross-border payment efficiency , and enhancing the overall customer experience with convenient and attractive options.

China is making payments easier for international visitors

In order to attract more international tourists and enhance their consumption experience in China, China is actively promoting Alipay and WeChat Pay to link overseas cards. This will not only help promote the development of tourism, but also enhance the convenience of cross-border transactions. At the same time, Silkpay can help European and American merchants accept these Chinese e-wallets as payment methods.

Will the rise of digital cards and wallets make plastic come to an end？

With the development of technology and changes in people's consumption habits, the popularity of digital wallets and digital cards is changing the way we pay. While it's too early to say that plastic cards will completely disappear, the trend is clear: digital payment methods are becoming increasingly popular because they are convenient, secure, and more environmentally friendly.

Will Chinese tourists be back to Europe soon?

As the summer season approaches, the relief of travel restrictions gives hope to merchants who have closed their doors for so long. Many are waiting for the return of the world's highest spenders. When will Chinese tourists return to Europe? And how should merchants welcome the 60 million consumers who are willing to travel outside of China once the restrictions are lifted?

Digital Yuan launched: towards the end of cash in China?

DCEP also facilitates the battle against money laundering, tax evasion, corruption and financing of terrorism activities. The government can use big data to identify suspicious transactions and control illegal transfers that hinder the country's economic growth.