Online payment methods grow abroad

During the eight-day National Day holiday break, the number of Chinese consumers using the online payment method Alipay abroad surged seven times, and per capita spending has also jumped by nearly 50 percent, a new report said.

According to Alibaba's affiliate Ant Financial Services Group, consumers born after 1990 accounted for 44 percent of those who used Alipay in foreign countries, and they spent 1,301 yuan ($196) on average during the holiday. Those who were born after 2000, spent an average of 532 yuan.

Meanwhile, Alipay has played an important role in helping Chinese travelers to simplify their tax reimbursements processes overseas. This year, Alipay has enabled Chinese consumers to get their tax refunds immediately through the payment method, and they don't need to wait in long lines to get cash refunds. This has encouraged more people to apply for tax refunds, the report said.