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Baidu Wallet Expands Forex Payment Services Outside China

Chinese fintech companies are spreading globally, with Baidu Wallet the latest service to make offerings outside of mainland China.

The service from China's search engine just launched overseas payment services in Thailand, and Chinese users who visit Thailand can complete overseas payment with Baidu Wallet in four cities, including Bangkok, Phuket, Chiang Mai, and Pattaya.

Baidu said that in the future, Baidu Wallet's overseas payment services will be available in more countries such as South Korea and Japan, and the company plans to distribute the services in Hong Kong, Macau, and Taiwan.

According to Baidu, Baidu Wallet has realized access to over 400 vendors in Bangkok, Phuket, Chiang Mai, and Pattaya, covering clothing, food, accommodation, and transportation.

By using Baidu Wallet, users can save the trouble of currency conversion. They only need to enter the amount of Thai baht and Baidu Wallet will convert it to RMB based on real-time exchange rates.

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