Global Trade Alert
Global Trade Alert

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China: WeChat and Alipay remove restriction on use by foreigners in the PRC

Description

On November 6th, 2019, according to consistent news reports and announcements from the respective company representatives, the two Chinese non-cash payment providers WeChat Pay and Alipay opened their...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

07 Nov 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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