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"Chinese e-commerce firms have been rapidly increasing their presence in the global market," said Feng.

"Chinese goods are good and cheap, and many residents from Russia's Far East region often come to Hunchun for shopping," said Svetlana, a Russian tourist. Buying New Year's gifts was a big part of her trip, she said, as she showed off shoes for her husband, perfume for herself and toys for her children.

"China's equity market is experiencing a big 'physical examination' this year but the sector needs such adjustments for the survival of the fittest," he said.

"China's overall strengths, including supply chain, opening-up in financial services, as well as talent in e-commerce, are so prominent that they (foreign businesses) are confident to invest here long-term," he said, based on a recent survey of clients about their attitudes toward China.

"Culturally, it's very difficult on their own to understand the payment preferences of every country," Tubb said. "In order to develop the overseas markets, they need partners with global experience to understand consumer behavior. And this is not restricted to just payment methods but many other areas, such as checkout experiences."