Mastercard Says It Has Launched The International Consumer Friendly Zones Program In Shanghai, Together With Ant Group And 12 Overseas Payment Partners Of Alipay+ And Other Major International Card Organizations
Portfolio Pulse from Benzinga Newsdesk
Mastercard has launched the International Consumer Friendly Zones Program in Shanghai, in collaboration with Ant Group and 12 overseas payment partners of Alipay+. The initiative aims to enhance the travel experience for global travelers and stimulate growth for local businesses in China. The program will support iconic travel spots, commercial areas, airports, and taxis in Shanghai, with plans to expand to 16 major Chinese cities following launches in Beijing, Guangzhou, and Shanghai.

May 31, 2024 | 7:54 am
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Mastercard has launched a new program in Shanghai aimed at enhancing the travel experience for international visitors and stimulating local business growth. The program will expand to 16 major Chinese cities.
The launch of the International Consumer Friendly Zones Program in Shanghai by Mastercard, in collaboration with Ant Group and Alipay+ partners, is likely to positively impact Mastercard's stock. The initiative aims to enhance the travel experience for international visitors and stimulate local business growth, which could lead to increased transaction volumes and revenue for Mastercard. The planned expansion to 16 major Chinese cities further underscores the potential for significant growth.
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