China has mandated that local businesses leave the door open for cash payments as it tries to attract foreign investment and tourism after the pandemic.
AdvertisementHungry for foreign business, China has rushed to bridge the gap.
Major payment platforms Alipay and WePay started allowing visitors to link their international bank cards to their Chinese accounts.
It's illegal in China to reject cash for purchases, and the central government's crackdown has intensified in the last several years.
Investor relations for Yum China, which operates KFC in China, did not immediately respond to a request for comment sent by Business Insider.
Persons:
—, WePay
Organizations:
Service, KFC, People's Bank of China, Business, China Post, New China Life Insurance, PICC, Regulators, Yum
Locations:
Beijing, Wuxi, Jiangsu, Mongolia, China, Gansu, New, Shanghai, Tourism, Yum China