Current Affairs

'Alipay' and 'WeChat' Banned in Nepal

Nepal banned popular Chinese digital wallets 'Alipay' and 'WeChat' to prevent the loss of foreign currency earnings from tens of thousands of Chinese tourists.

Details:

  • The reason cited by Nepal is that, it was losing out since the actual transactions took place in China.
  • Over 1,50,000 Chinese holidaymakers visited Nepal in 2018, many using digital wallets to pay in hotels, restaurants, and shops in tourist areas, especially in Chinese-run businesses.

Question:

Q. Which country banned popular Chinese digital wallets 'Alipay' and 'WeChat' to prevent the loss of foreign currency earnings from tens of thousands of Chinese tourists?
a. Nepal
b. Bangladesh
c. Maldives
d. Vietnam
'Alipay' and 'WeChat' Banned in Nepal 'Alipay' and 'WeChat' Banned in Nepal Reviewed by Neha Verma on May 23, 2019 Rating: 5

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