Traveling to Tibet is an incredible adventure; however, understanding how to handle money in this region can be a bit challenging. This guide will walk you through everything you need to know about currency, payment methods, and managing your money while touring Tibet, ensuring your journey is as smooth and enjoyable as possible. Read on to get inspired!

What Currency is Used in Tibet?

Tibet, as part of China, uses the Chinese Yuan (also known as Renminbi or RMB) as its official currency. The basic unit of this currency is the Yuan. The RMB includes banknotes in denominations of 1, 5, 10, 20, 50, and 100 Yuan, and coins in 1 Yuan, 5 jiao, and 1 jiao. Ten jiao (commonly known as Mao) make up one Yuan.

When traveling in Tibet, you'll need to use RMB for all transactions, whether you're buying souvenirs or paying for meals. Other currencies, like US dollars, are not accepted in local stores. Additionally, while coins are commonly used in mainland China, they are generally not accepted in Tibet, even for tipping.

How to Pay in Tibet? Mobile Payment, Cash, and More Payments Available

When traveling in Tibet, you have several payment options, including mobile payments, cash, and credit cards. Each method has its own advantages, and knowing how to use them can help you manage your expenses effectively.

In recent years, mobile payments have become the most popular way to pay in Tibet. Platforms like WeChat Pay and Alipay are widely accepted by local businesses, from restaurants and shops to small vendors, making transactions quick and convenient. For tourists, this is especially helpful, as it reduces the need to carry large amounts of cash.

While mobile payments are common, it’s still a good idea to carry some cash. Cash is a reliable option that can be used anywhere in Tibet, though you won’t need to carry large sums—just enough for smaller purchases will do.

For international tourists on a guided tour, many of your expenses, such as accommodation, transportation, and some meals, will already be included in your package. Be sure to check what’s covered so you can budget for any additional personal expenses, such as souvenirs or extra meals.

How to Use Mobile Payment in Tibet?

WeChat Pay and Alipay are the two most popular mobile payment platforms in Tibet. Both offer a seamless way to pay for goods and services using your smartphone. These platforms are widely accepted and can make transactions easier and more secure.

How to Use Alipay when Touring in Tibet?

First, download the Alipay app from your app store. After installation, you'll need to create an account using your phone number, and international tourists can usually register with non-Chinese numbers. Just ensure your phone can receive the verification code.

Once your account is set up, you can link an international bank card to Alipay through the app. Accepted cards include UnionPay, Visa, JCB, Discover, MasterCard, etc. This allows you to top up your account and make payments seamlessly.

When you're ready to pay, you can either scan the merchant's QR code or let them scan yours. The transaction will be processed instantly, and you'll receive a confirmation notification.

How to Use Wechat Pay when Touring in Tibet?

Using WeChat Pay is similar to Alipay and just as simple. Start by downloading WeChat from the App Store and registering with your phone number. Make sure your phone can receive the verification code.

Next, tap "Me - Services - Wallet" to add your bank card. In the "Wallet" section, tap "Add Bank Card" and fill in your details to link your card. Agree to the terms, and follow the on-screen steps to complete the process.

To pay, simply scan the merchant's QR code or let them scan yours. Payments are processed instantly, and you'll get a confirmation notification.

Both Alipay and WeChat Pay are convenient mobile payment methods, and choosing between them comes down to personal preference. If you have any questions about setting them up or using them while touring Tibet, your local tour guide will be happy to assist you.

How to Exchange Money in Tibet?

In Tibet, the Bank of China is the primary institution for exchanging foreign currency and travelers' checks. Top-end luxury hotels in Lhasa also offer exchange services, but these are usually available only to guests and might have slightly higher rates.

The current exchange rate for the Renminbi is approximately 7.06 to 1 US Dollar. Since exchange rates can fluctuate, it's wise to check the rate again before making any exchanges. It’s advisable to exchange all your foreign currency in Lhasa before heading to more remote areas, where exchange facilities may be limited.

Additionally, carry some smaller denominations, such as CNY 10, CNY 20, or CNY 50, for use in rural areas. For even smaller amounts, like CNY 1, CNY 2, or CNY 5, you can use these for donations to monasteries or to give to beggars you may encounter on the street.

Which Banks or ATMs Can I Withdraw Money from in Tibet?

Several ATMs in Lhasa, Shigatse, and even the remote Nagri region now accept foreign cards. However, it is recommended to check before using your card, as some machines may only work for domestic account holders.

ATMs operated by the Bank of China generally accept cards with the UnionPay logo, alongside major international cards like Visa, Mastercard, JCB, and American Express. The withdrawal limit per transaction at these machines is typically CNY 3000. The Agricultural Bank of China also supports UnionPay, Visa, and Mastercard, though the maximum withdrawal per transaction is CNY 2500.

Occasionally, a card might be retained by the machine, so it's a good idea to make transactions during bank hours, ensuring you can retrieve your card if needed.

Can I Use Credit Card in Tibet?

Credit cards are becoming more widely accepted in hotels and shops across Tibet, particularly in Lhasa. However, outside of Lhasa, especially in more remote areas, credit card reliability decreases.

In Lhasa, most three-star, four-star, and five-star hotels do accept credit cards, though they typically add a 3-4% service fee to your bill. For cash advances, the Lhasa Central branch of the Bank of China is the only option, with a 4% commission.

Overall, credit card usage remains relatively limited in Tibet, so it's wise to have alternative payment options. Carrying cash and having access to mobile payment methods will ensure smooth transactions in areas where credit cards may not be accepted.

More Insider Tips on Using Money in Tibet

When traveling in Tibet, there are a few additional insider tips that can help you manage your money wisely and ensure a smooth trip.

First, it’s essential to prioritize the safety of your money. Using a secure wallet or money belt is a good way to keep your cash safe, especially in crowded areas like markets or tourist attractions. Avoid displaying large amounts of cash in public, as this could attract unwanted attention.

Another key tip is to be cautious of counterfeit bills, which can occasionally circulate. Familiarizing yourself with the look and feel of genuine Chinese RMB notes can help you spot any discrepancies.

Conclusion

Handling money in Tibet is easy once you understand the basics. Mobile platforms like WeChat Pay and Alipay are convenient and widely accepted, but cash is still the best option for smaller purchases and in more remote areas. If you're joining one of our Tibet tours, you'll only need to bring a small amount of cash for any extra expenses. Should you have any more questions about managing money in Tibet, feel free to contact us anytime!