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Thread: Opinion: without Alipay and Wechat Pay, you are screwed in Shanghai
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Old Apr 16, 2024 | 7:50 pm
  #888  
tauphi
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Originally Posted by YariGuy
This is correct I believe.

Another sign that China is tightening RMB exchange is that you used to be able to withdraw foreign currency from ATMs using a Unionpay bank card. My wife was just in Germany and failed to do so. I don't know if this is just Germany / EU but I will try in other countries with my Unionpay debit card over the coming weeks.
I doubt this has anything to do with tightening regulations. Withdrawing with a UnionPay card in Germany has always been a hit and miss for me. In any case, the rule is that annual cash withdrawals abroad (not purchases which are unlimited) is limited to CNY100,000 per card.
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