Fintech and payments news from China.
Woori Bank and Samsung have taken Samsung Wallet Money overseas. Galaxy users can now tap to pay at about 150 million Mastercard merchants worldwide and scan WeChat Pay QR codes in China, paying from a prepaid won balance with no card, cash or extra app.
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PayNet has switched on outbound DuitNow QR payments through Ant International’s Alipay+, letting Maybank, CIMB and Hong Leong Bank customers scan and pay in China, Hong Kong, South Korea, the Philippines and Laos straight from their Malaysian banking apps, with Bank Islam joining soon.
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Bursa-listed Revenue IF has signed a three-year exclusive framework deal with China’s WeSure to build cross-border and insurance payment services in Malaysia, Singapore, Indonesia and Thailand, covering premium collection and claims payouts. No financial terms or launch dates have been disclosed yet.
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Hong Leong Bank has added China QR payments to its HLB Connect app through UnionPay International. Customers can pay at over 120 million UnionPay and Weixin Pay merchants, and spending from a pre-converted yuan balance carries no transaction fees.
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ASIA SHOP, a retail payment technology exhibition, returns to Guangzhou’s Canton Fair complex on 4–6 March 2027. The organiser expects nearly 1,000 exhibitors showing smart POS, self-checkout and payment systems, with an ASEAN Buyer Matchmaking Zone for Southeast Asian retailers.
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Foreign visitors to mainland China can now link overseas-issued cards to JD Pay and receive an advance on their VAT refund before departure, the first services under Mastercard and JD.com’s May 2026 partnership. Here is how it works and why it matters for inbound travel.
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