Visa(US:V) Sou Hu Cai Jing·2026-02-04 03:26Core Viewpoint - UnionPay International and Visa have announced a strategic partnership for cross-border remittance, aiming to establish a new benchmark for an open, inclusive, efficient, and secure global cross-border payment ecosystem [1][2]. Group 1: Partnership Details - The collaboration will leverage the strengths of both companies, with Visa providing a broad global partner network and mature cross-border remittance capabilities, while UnionPay offers a solid domestic collection service system with features like direct RMB settlement and no additional fees [1][2]. - The partnership will create a diverse and convenient cross-border remittance service system tailored to different market user habits and needs, utilizing various channels such as mobile banking apps and physical outlets [1][2]. Group 2: Market Context and Future Plans - The global cross-border remittance market is expanding, with the Asia-Pacific region identified as a core growth area. UnionPay's cross-border remittance services currently cover 57 countries and regions, collaborating with over 60 foreign banks and major international remittance institutions [3]. - UnionPay aims to continue building an open and win-win global payment network in collaboration with Visa and other partners, supporting the country's high-level opening-up strategy [3].