Core Viewpoint - China UnionPay is expanding its cross-border payment network by signing multilateral memorandums of cooperation with 11 domestic and international institutions, aiming to enhance global payment connectivity and support economic recovery [1] Group 1: Cross-Border Payment Cooperation - China UnionPay has initiated cross-border payment cooperation with approximately 50 countries and regions, including Thailand, Vietnam, Laos, Indonesia, Malaysia, Cambodia, Singapore, Argentina, Brazil, and Nigeria [1] - The organization aims to create a world-class payment interconnectivity network, facilitating access for millions of small and micro businesses to global purchasing power [1] Group 2: New Payment Model - China UnionPay is introducing a new "four-party model" that incorporates wallet institutions, mobile manufacturers, acquiring service providers, and aggregating service providers to create a more inclusive and open payment ecosystem [1] - This model is designed to adapt to current development trends and transform bilateral and multilateral connections into a structured network [1]
中国银联与11家机构签署跨境支付合作多边备忘录
Zheng Quan Ri Bao Wang·2025-11-28 14:04