The partnership expansion aims to enhance global travelers’ travel experience and stimulate growth for local businesses in China.

With this deal, Ant Group can now offer two digital payment alternatives for overseas visitors in China. Following the initial rollout of the program in Beijing and subsequent expansion to Guangzhou in April, Ant Group has been working with partners to boost the two digital payment options’ accessibility and ease of use for international travelers.

Following its launches in Beijing, Guangzhou, and Shanghai, the program is on track to be rolled out to 16 major Chinese cities.

“The introduction of the International Consumer Friendly Zones in Shanghai signifies a major advancement in our efforts to enrich inbound tourism experience and bolster local business, especially considering the city’s critical role in China’s global interactions,” says Fu Lu, Director of Cross-border Business in Greater China, Ant Group.

As international inbound traffic to China continues to recover, Mastercard looks forward to partnering with Ant Group to enhance inbound payment convenience, boost consumption and build a more inclusive payment ecosystem, according to the statement.

Yesterday, Mastercard inaugurated a European Cyber Resilience Centre at its European Headquarters to combat cyber threats.

Price Action: MA shares traded lower by 0.39% at $440.39 last check Friday.

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