PETALING JAYA: Malaysia is the ninth largest market worldwide for Chinese tourists for overseas spending, as recorded by online payment platform Alipay. Despite being only introduced in Malaysia in May last year, the country has an average per capita spending of 1,021.18 yuan (RM635.97). With the findings by Nielsen that more than 90% of Chinese tourists preferred making payments via mobile, Huang said it was important for Alipay to establish its presence in Malay­sia. “This will provide Chinese travellers the same smart lifestyle they enjoy back home while bolstering local businesses from the boom in their arrivals,” she said. During this year’s three-day national holiday, Alipay processed five times as many in-store transactions overseas than in 2017.

Source: The Star May 21, 2018 20:37 UTC