以新“四方模式” 共建世界级支付互联网络

Core Viewpoint - The signing of 11 multilateral cooperation memorandums for cross-border payment by China UnionPay and various international institutions marks a significant step towards building a world-class payment interconnected network, enhancing global economic collaboration and payment industry synergy [1][2]. Group 1: Cross-Border Payment Cooperation - China UnionPay has established cross-border payment cooperation with 11 key institutions, including banks and payment networks from countries like Malaysia, Uzbekistan, and Brazil, under a new "four-party model" [1]. - The cooperation aims to break down payment barriers, allowing millions of small and micro merchants to access vast purchasing power globally, thus revitalizing the global economy [2]. Group 2: New "Four-Party Model" - The new "four-party model" incorporates wallet institutions and mobile manufacturers, creating a more inclusive and open payment ecosystem [3]. - The collaboration between China UnionPay and the Industrial and Commercial Bank of China has led to successful projects like the mutual recognition of QR codes between China and Vietnam, exemplifying the "Belt and Road" initiative in payment [3]. Group 3: AI in Payment Practices - Artificial intelligence is being leveraged to enhance efficiency and security in cross-border payments, significantly improving transaction monitoring and fraud detection [5]. - AI technologies can reduce the processing time for identifying fraudulent transactions from 2-3 days to approximately 1 day, showcasing the potential for smarter payment solutions [5]. Group 4: Principles of Cooperation - The principles of reciprocity and equality in cross-border cooperation, such as the use of local currency settlement, help reduce transaction costs and currency fluctuation risks [6]. - The emphasis on convenience and benefits for cardholders reflects the value of mutual trust and interconnectedness at various levels, including national and industrial [6].