In the era of mobile payment, domestic residents and expats living and working in China have already been used to paying via WeChat Pay, Alipay, Union Pay and other online payment tools.
But for foreigners who come to China only for short stays, they can barely enjoy the convenience of mobile payment since they cannot link their e-payment platform accounts to the bank cards issued in their home countries.
Up to present, over 5,000 foreign-funded enterprises have settled in China (Jiangsu) Pilot Free Trade Zone Suzhou Area. Most of them are invested by Japan and South Korea, which has attracted Japanese and South Korean tourists to visit China.
To help short-term visitors from Japan and South Korea enjoy the convenience of mobile payment, China (Jiangsu) Pilot Free Trade Zone Suzhou Area has worked with Bank of Suzhou to develop “Su-Pay”, which is expected to be launched in the near future.
What is Su-Pay?
Su-Pay is a financial tool invented specifically for the purpose of making mobile payment accessible to short-term Japanese and South Korean travelers in Suzhou. It offers them convenient domestic mobile payment channels to meet their need for fast and small payments.
Innovative Features
- Su-Pay provides automatic and online domestic electronic account services for short-term Japanese and South Korean travelers in Suzhou with the help of the “living body recognition + OCR + anti-fraud + big data” ability of banks;
- Users can top up their domestic accounts online by themselves through online foreign card acquiring service;
- Users can link their Union Pay, WeChat and Alipay accounts to their bank cards online to proceed with mobile payment;
- It also features real-time monitoring and automatic control through its app’s ability to analyze customers’ behaviors.