Core Viewpoint - UnionPay International has expanded its collaboration with WeChat Pay by adding 11 new overseas wallets that support scanning domestic WeChat payment codes, enhancing payment convenience for foreign users in China [1][3]. Group 1: Expansion of Services - The newly added wallets include popular local options such as KB Pay from South Korea, ICBC Pay from Singapore, BCEL One from Laos, Social Pay from Mongolia, and PayZe Wallet from New Zealand [1][3]. - A total of 25 overseas UnionPay partner wallets now support this feature, serving users across 11 countries and regions globally [1][3]. - Since the partnership with WeChat Pay began in December 2024, the service has undergone three rounds of expansion, initially covering Hong Kong, South Korea, Thailand, and Malaysia, followed by Macau, Cambodia, and New Zealand in May 2025, and now extending to Singapore, Laos, and Mongolia [1][3]. Group 2: User Experience and Market Acceptance - Foreign users can easily bind their locally issued UnionPay physical cards or activate UnionPay's digital card feature within the partner wallets to scan WeChat payment codes in China, facilitating seamless transactions [1][3]. - The system automatically converts local currencies to RMB during payment, eliminating the need for additional user actions, thus aligning with the local payment habits of foreign users [1][3]. - In the second half of 2025, transaction volumes are expected to increase by nearly 70% compared to the first half, indicating a significant rise in market acceptance [1][3]. Group 3: Strategic Initiatives - This collaboration is part of UnionPay's "Jinxiu Action" initiative aimed at enhancing payment convenience for foreign personnel in China [2][4]. - UnionPay has introduced an innovative "four-party model" to optimize the payment environment for foreigners, integrating various stakeholders into its ecosystem [2][4]. - Currently, UnionPay has issued over 200 million cards overseas and partnered with over 200 wallets, ensuring that its payment products are universally accepted across its global network [2][4].
银联国际:新增11款境外银联合作钱包 支持扫境内微信支付收款码