Mastercard to empower Chinese globetrotters

Mastercard is eyeing on travel recovery opportunities this year that are expected to enable Chinese travelers resume globetrotting after three years of COVID-related curbs.

Dennis Chang, division president of Mastercard Greater China, said Chinese consumers will likely discover a world very different from the one they had last seen before 2020.

People are using much less cash in many places. Even in scenarios like ride-booking and ordering food online, apps are used and payments are made using digital wallets, various types of cards, vouchers, et cetera.

This is where companies such as Mastercard acquire added significance.

Mastercard, Chang said, is working closely with its bank partners and technology partners to help Chinese consumers have memorable, trouble-free experiences during transactions and later.