Landing in Hangzhou? Exchanging some local currency (Chinese Yuan Renminbi, CNY or RMB) is easy. For the best official rates, head straight to currency exchange counters at Hangzhou Xiaoshan International Airport (HGH) – convenient before you even leave arrivals. Major banks like Bank of China (BOC), ICBC, and China Construction Bank (CCB) branches throughout downtown Hangzhou also offer reliable exchange services; bring your passport! Airport booths and hotel desks might be quicker but often have less favorable rates or higher fees. ATMs accepting international cards are widespread and usually offer decent exchange rates, though check your bank’s foreign transaction fees first. Getting around 500-1000 RMB initially is a smart move.
Why is mobile payment so essential in Hangzhou?
Cash? It’s still accepted, especially in smaller local shops or markets, but Hangzhou runs on mobile payments! Alipay and WeChat Pay are absolutely dominant. You’ll use them for everything: taxis, metro tickets, fancy restaurants, tiny tea stalls, even buying water at West Lake kiosks. Many vendors simply don’t handle cash easily anymore. As a foreign visitor, NOT setting up one of these apps means constant hassle. You’ll be scrambling for cash constantly and likely miss out on authentic local experiences or efficient transport options. Think of your phone as your primary wallet here. Using Alipay or WeChat Pay is faster, safer (no need to carry lots of cash), and frankly, expected. It’s how modern China operates, and Hangzhou, being a tech hub (home of Alibaba!), is at the forefront.
How do I set up Alipay/WeChat Pay as a foreigner?
Don’t panic! Setting up mobile payments for your Hangzhou trip is manageable:
- Download Before You Go: Install Alipay (Alipay.com version) or WeChat (Weixin) on your smartphone.
- Link Your Card: Both apps allow linking major international credit/debit cards (Visa, Mastercard). Go to “Me” > “Bank Cards” (Alipay) or “Me” > “Services” > “Wallet” > “Cards” (WeChat Pay). Follow prompts to add your card; you’ll need passport details for verification.
- Understanding Limits: For smaller daily transactions (ride-hailing, small purchases), your linked card usually works seamlessly. For larger payments (over roughly 200 RMB) or some merchants, you might be prompted for additional verification (like a 3-D Secure code from your bank).
- TourPass (Optional but Recommended): Within Alipay, search for “TourPass.” This mini-program lets you preload funds (via your card) onto an e-wallet provided by Bank of Shanghai. It functions exactly like a local Chinese account, bypassing the limits and verification prompts of using a foreign card directly for almost all transactions in Hangzhou. Think of it as topping up a local digital wallet. Highly recommended for hassle-free spending!
Is carrying cash still necessary in Hangzhou?
While digital rules, carrying some Chinese Yuan cash remains smart in Hangzhou:
- Small Vendors & Markets: Older shopkeepers in traditional “wet” markets (like Wushan Square Morning Market) or tiny family-run eateries might prefer or only accept cash.
- Tipping: Not customary in China, but small cash tips for exceptional tour guides or porters are appreciated.
- Taxis: While Didi (ride-hailing app via Alipay/WeChat) is king, occasional street taxis might struggle with foreign mobile payments. Cash saves the day.
- Temples & Smaller Attractions: Entrance fees at some smaller temples or historic sites might be cash-only.
- “Bargain” Situations: Sometimes easier with cash in markets.
- Backup: Tech glitches happen! Having a couple hundred RMB tucked away is prudent peace of mind. Exchange or withdraw what you need; large amounts are unnecessary.
How should I budget for different experiences in Hangzhou?
Managing your money wisely makes your Hangzhou trip smoother. Costs vary significantly:
| Spend Category | Recommended Payment Method | Estimated Cost (RMB) | Notes for Hangzhou |
|---|---|---|---|
| Transport (Taxi/Didi/Metro) | Alipay/WeChat Pay | 15-50 per ride | Metro is very cheap (2-6 RMB); DiDi very convenient. |
| Mid-Range Restaurant Meal | Alipay/WeChat Pay/Cash | 80-150 per person | Plenty of great local options at this price. |
| Street Food/Snacks | Alipay/WeChat Pay | 10-30 per item | Stalls are abundant & delicious - use mobile pay! |
| Entrance Fees (e.g., West Lake Boat, Lingyin Temple) | Mostly Mobile Pay, Some Cash | 30-80 per site | Larger sites take apps, smaller ones might need cash. |
| Souvenirs (Markets) | Cash Preferred | 20-200+ | Wushan Market, Hefang Street - be ready to bargain with cash! |
Beyond the Table:
- Accommodation: Book online (platforms like Booking.com) with your credit card. Pay upon arrival (or pre-pay) usually via card or mobile pay.
- Tours & High-End Dining: Major tour operators (like Deep China Travel) and upscale restaurants readily accept international credit cards and mobile payments.
- Daily Budget: Comfortable travel, including decent meals, transport, and sights, typically costs 400-800 RMB per person/day. Adjust based on luxury preferences.
Where else should I be careful with my money in Hangzhou?
A few final money tips for your Hangzhou adventure:
- Beware Unofficial Exchangers: Never exchange money with random individuals offering “good rates” on the street. Use banks, ATMs, or official airport counters only.
- Card Safety: Use ATMs inside bank branches when possible. Shield your PIN.
- Digital Hygiene: Protect your Alipay/WeChat Pay with strong passwords/PINs and enable any security features (like fingerprint login). Treat your phone like your wallet.
- Small Bills: When getting cash, ask for smaller denominations (10s, 20s, 50s). Getting change for a 100 RMB note can sometimes be tricky with tiny vendors.
- Keep Receipts: If exchanging large sums at a bank, get and keep the receipt; you might need it to convert leftover RMB back to your currency (within the validity period on the receipt).
- Inform Your Bank: Before traveling, tell your bank and credit card companies you’re going to China to prevent your cards from being blocked for suspicious activity when used in Hangzhou. Enjoy the seamless blend of ancient charm and modern convenience!
