Mastercard Discusses Corporate Travel Payment Innovation and Ecosystem Cooperation

On October 17, 2026, at the Business Travel Digitalization Summit, Cai Shangting, Vice President of Mastercard Greater China, proposed relying on a global acceptance network to connect domestic and cross-border payments with a single card, reshaping the corporate travel experience through three aspects: payment innovation, benefits upgrades, and ecosystem cooperation. Addressing difficulties in acceptance, compliance, and cumbersome reimbursement, Mastercard enables domestic and cross-border use through its RMB bank card clearing business, and uses the integrated platform Smart Data to connect transaction information to corporate ERP and reimbursement systems. The report mentioned that China's business travel market size has approached 400 billion USD, and cross-border business travel order volume grew by 46%.