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MNI BRIEF: China’s Hainan To Launch “Tourist Wallet”

MNI (BEIJING)
MNI (Beijing)

China’s southern province of Hainan will launch a “tourist wallet” allowing inbound visitors to exchange foreign currency into electronic renminbi on their mobile phones, which can be used at any location where Alipay and WeChat are available, Liu Xiaoming, deputy Secretary of the Hainan Provincial Party Committee told reporters on Thursday.

Liu said preparations were in full swing to close off the islands’ customs operations in line with plans to open up a free trade zone covering the entire province.

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China’s southern province of Hainan will launch a “tourist wallet” allowing inbound visitors to exchange foreign currency into electronic renminbi on their mobile phones, which can be used at any location where Alipay and WeChat are available, Liu Xiaoming, deputy Secretary of the Hainan Provincial Party Committee told reporters on Thursday.

Liu said preparations were in full swing to close off the islands’ customs operations in line with plans to open up a free trade zone covering the entire province.

Keep reading...Show less