Europe Takes a Beating in Lunar New Year Travel and Shopping

Lunar New Year travel to Europe made a 180-degree turn from last year, with travel spending and visits down in key Chinese tourist destinations. This according to Global Blue, perhaps the biggest player in European tax refund, which has monitored Lunar New Year spending in Europe in recent years. In 2017, Global Blue recorded a … More Europe Takes a Beating in Lunar New Year Travel and Shopping

Banking on Lunar New Year Travelers, Harrods Launches WeChat

Harrods has partnered with Tencent’s strategic partner My Money to roll out the WeChat digital payment system at Harrods Knightsbridge and its airport retail stores, just in time for the Lunar New Year holiday. WeChat pay is ubiquitous in China. It allows users to instantly send money to their contacts or, by scanning a QR … More Banking on Lunar New Year Travelers, Harrods Launches WeChat

China UnionPay rolls out cash incentives on integrated payment app, ramping up battle with Alibaba and Tencent

China UnionPay is ramping up the marketing on its recently released integrated mobile app, in an attempt to make inroads into a sector dominated by third-party payment services backed by Alibaba Group Holding and Tencent Holdings. Under a promotional campaign that winds down on March 2, participants who download and use the QuickPass app to … More China UnionPay rolls out cash incentives on integrated payment app, ramping up battle with Alibaba and Tencent