China has rapidly evolved into a predominantly cashless society, where digital wallets like Alipay and WeChat Pay dominate, covering 90% of the mobile payments market. UnionPay remains vital, linking all ATMs and offering extensive card services. QR codes are essential for transactions, and for international merchants, adopting these methods is crucial to accessing the vast Chinese market.

Retailers aiming to attract international shoppers must embrace a global approach, focusing on understanding diverse customer segments, optimising online presence, leveraging digital marketing, providing excellent customer service, offering tax-free shopping and dynamic currency conversion (DCC), and choosing versatile payment solutions. Planet's guidance breaks down this strategy into manageable steps, ensuring retailers can effectively reach and retain a broad international customer base by meeting their specific needs and preferences.

Setting up in-person payments is crucial for brick-and-mortar businesses, enabling sales transactions, inventory management, and accurate accounting. This involves selecting a suitable payment services provider, considering costs, security compliance, scalability, and industry expertise. Customising payment options and integrating them with business operations, alongside choosing the right hardware, ensures a smooth setup. Proper research and selection pay off, facilitating growth and providing a seamless customer experience.