China Expands Payment Options for 90,000 Foreign Buyers Attending Canton Fair

90,000 overseas buyers set to attend upcoming Canton Fair in China, a key barometer of China's export market and supply chain
China aims to tackle payment barriers for overseas attendees by expanding acceptance of cash, bank cards, and mobile payments
50%+ of overseas buyers at the fair currently pay in cash; China will add more currency exchange services
900,000+ inbound travelers used mobile payments in China in the first 2 months of 2022
China still faces challenges in protecting privacy rights in digital finance and optimizing digital yuan services for foreigners