Ant Group raises transaction limits in China for foreign users
Ten partner wallets can now enjoy the increased limits.
Ant Group has raised the single transaction limit for international users using its cross-border payments in China to $5,000.
The annual cumulative transaction limit has also been raised to $50,000, from just $10,000 previously, the payments giant said in a press release.
The higher limits for mobile payment transactions are in line with new guidelines released by the central bank and China’s State Council. New policies apply to Ant's twin cross-border mobile payment solutions.
ALSO READ: Ant Group outbids Citadel for Credit Suisse’s China investment bank venture: report
Notably, 10 such wallets can enjoy seamless payment experience on the 80-million strong merchants' network in China: AlipayHK (Hong Kong SAR, China), MPay (Macao SAR, China), Hipay (Mongolia), Changi Pay and OCBC Digital (Singapore), Touch ’n Go eWallet (Malaysia), Kakao Pay, Naver Pay and Toss Pay (South Korea), and TrueMoney (Thailand).
International travelers may download the Alipay app and bind their international cards or use their home wallets to pay like a local thanks to Alipay+, the cross-border payment solution offered by Ant International.