Sou Hu Cai Jing·2025-11-20 11:00Core Viewpoint - The collaboration between China UnionPay and Industrial and Commercial Bank of China marks a significant step in enhancing cross-border trade and promoting the internationalization of the Renminbi through the launch of multi-currency debit and credit cards in Turkey [1][3]. Group 1: Partnership and Product Launch - China UnionPay and Industrial and Commercial Bank of China have launched multi-currency debit and credit cards in Turkey, which support transactions in Renminbi, Turkish Lira, British Pound, US Dollar, and Euro [1][3]. - The issuance of these cards aims to provide local residents with secure and efficient global payment options while facilitating bilateral trade between China and Turkey [1][3]. Group 2: Strategic Importance - This initiative is seen as a milestone in UnionPay's international business development and a response to China's high-level opening-up strategy [3]. - The launch of these cards is expected to enhance the convenience of cross-border payments for foreign nationals visiting China and improve financial connectivity [3][4]. Group 3: Future Plans - UnionPay plans to continue deepening collaboration with local partners in Turkey to enhance cross-border payment services and support the Belt and Road Initiative and Turkey's "Middle Corridor" initiative [4]. - The company has established a comprehensive localized payment service network in Turkey over nearly two decades, achieving widespread acceptance among local merchants and ATMs [4].