![]() ![]() Under the new setup, international travellers can set up their foreign cards on these apps with a few simple steps. Dutch tech investor Prosus to end cross-holding with parent Naspers. However, the plans have regained momentum as China began reopening this year. Tencent Cut Its Stake in Nio (NIO) Stock by 25. But as China closed its borders during the COVID-19 pandemic and international arrivals to the country plummeted, such initiatives had taken a back seat, two people familiar with the matter said. Tencent and Ant had formed partnerships with Visa and Mastercard in 2019 to make foreign cards usable on their platforms. While Tencents stock price has soared over the past two years, Baidus has wavered. Prior to the easy card linkage change, foreigners in China typically needed to set up a Chinese bank account to access Tencent’s and Ant’s mobile payment networks. Tencent Holdings Limited (TCEHY) Stock Price, News, Quote & History - Yahoo Finance TCEHY - Tencent Holdings Limited Other OTC - Other OTC Delayed Price. Chinas already-big WeChat is searching for how to get even bigger. Foreign visitors often find themselves unable to pay for things in China where many shops and restaurants now only accept mobile payment rather than credit cards or cash. China’s mobile payment network became highly closed-off to overseas tourists since mobile apps became the predominant payment method in the country in the late 2010s, triggering a boom in ecommerce. ![]()
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