EGUIDE
Cross-border payments: How to expand to China
Get inside the minds of shoppers in China. Find out what they’re buying, where they’re shopping, and how they prefer to pay, so you can give them exactly what they want.
Download the eGuide to get practical steps on how to set up payments, cut foreign exchange (FX) costs, stay compliant, and keep cash flow healthy so you can expand to China with confidence.
What CN shoppers want
of shoppers in China are comfortable buying a product from another country.
Shoppers in China don’t shy away from online retail: 98% shop online at least once a month or more, and close to half shop online multiple times a week.
of shoppers say influencer recommendations impact their buying decisions.
In China, social commerce and influencer recommendations are for everyone – not only for younger generations.
of shoppers in China prefer digital payment methods.
Almost every shopper in China is using Alipay and WeChat Pay. Buy now, pay later (BNPL) is also on the rise, with 35% of shoppers using it, particularly Gen X and Baby Boomers (44%).
ABOUT THIS REPORT
Ready to expand your reach to China?
Find out why payments are the lynchpin of your expansion strategy, and how you can start making and receiving payments like a local in the US.
Download the eGuide to learn:
• How to open a business account without having to set up an entity in China
• How to accept payments via multiple payment options in RMB
• How to settle payments in your preferred currency
• How to save on FX fees and stay secure and compliant with local regulations
