As millions of Chinese use apps like WeChat or Alipay every day, Alipay and WeChat have started to expand their overseas presence since 2015, in a bid to meet the increasing demand for shopping from Chinese travelers, and to cooperate with more local enterprises. Alipay is now available in more than 200,000 shops across 30 countries and regions in North America, Europe and Asia, while WeChat Pay covers more than 130,000 shops globally and also support transactions in 12 foreign currencies. This has created a booming opportunity for Canadian marketplaces, marketplace sellers, ecommerce retailers and online travel agencies.
Alipay and WeChat Pay, two digital services that dominate consumer spending in China, count over 600 million users.
China is Canada’s third largest market in terms of 610,000 arrivals in 2016, and as of 2016, is the second largest in terms of tourist receipts.
Chinese visitors’ overall spending in Canada rose to over $1 billion in 2016. That’s the fastest growth rate among 10 nations, according to the Canadian Tourism Commission.
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