近日，世界经济论坛年会(冬季达沃斯)拉开帷幕，中国银联受邀出席。作为全球支付服务的重要提供者 之一，银联立足中国、服务全球，以新"四方模式"为基础，以二维码互联互通为突破口，用"银联方 案"搭建全球支付"协同共进"的互联网络，在东南亚、拉美、中东、非洲等地区取得突破性进展。 互联互通成效显著银联全球支付网络持续扩大 支付互联互通的价值，最终体现在境内外广大用户的消费体验升级上。 截至目前，银联已在约50个国家和地区达成或推进二维码互联互通合作，逐步构建起覆盖广泛、双向畅 通的跨境支付网络。在"内包外用"方面，2025年，银联在境外7个市场上线二维码互联互通合作，让境 内用户的支付工具在境外畅通无阻；在"外包内用"方面，累计与200余家境外钱包机构开展二维码支付 合作，助力境外用户便捷畅享中国消费市场。 "技术适配+规则协同"银联积极应对市场需求新变化 当前，全球跨境贸易、跨境旅游等活动日益频繁，对高效、便捷、安全的跨境支付服务提出更高要求。 随着高质量共建"一带一路"深入推进，支付互联互通已成为促进共建国家经贸往来、民生互通的重要基 础设施。 与此同时，二维码支付凭借低成本、易推广的特性，成为全球新兴的主流支 ...

跨境支付锚定全球经贸新坐标 当前，全球经济一体化进程持续深化，跨境贸易、旅游等活动日益频繁，对高效、便捷、安全的跨境支 付服务提出更高要求。在高质量共建"一带一路"倡议推进过程中，支付互联互通已成为促进共建国家经 贸往来、民生互通的重要基础设施。 2026年1月19日，世界经济论坛年会（冬季达沃斯）以"对话的精神"为主题拉开帷幕，世界经济论坛总 裁兼首席执行官博尔格·布伦德明确指出"协同共进模式对于当今全球合作至关重要"。作为全球支付服 务的重要提供者之一，银联立足中国、服务全球，以新"四方模式"为基础，以二维码互联互通为突破 口，用"银联方案"搭建全球支付"协同共进"的互联网络，在东南亚、拉美、中东、非洲等区域实现突破 性进展。 时代呼唤协同 与此同时，二维码支付凭借低成本、易推广的特性，成为全球新兴市场的主流支付形态。泰国 PromptPay、印尼QRIS等东南亚国家央行主导的标准二维码体系，覆盖本地超千万商户；巴西依托Pix 系统加速支付数字化转型，土耳其由BKM转接网络搭建统一支付框架。这些区域均呈现出"官方推动、 标准统一、高速普及"的发展特征，为跨境支付互联互通奠定坚实基础。这种"自上而下建标准、 ...

Core Insights - Apple and Visa announced support for Visa cards issued in mainland China to be linked to Apple Pay, enhancing mobile payment options for users [1] - The initiative aims to address the mobile payment needs of existing cardholders, particularly for cross-border transactions and frequent travelers [2] Group 1: Market Context - The current mobile payment landscape in China is dominated by QR code payments, with lower acceptance of "tap-to-pay" methods like Apple Pay [3] - Visa reported that 79% of global offline transactions come from "tap-to-pay" solutions, indicating a significant gap in domestic adoption compared to international markets [2] Group 2: User Experience and Security - When a credit card is linked to Apple Pay, the actual card number is not stored on the device or Apple's servers, enhancing security through tokenization [3] - The system generates a unique device account number that is encrypted and stored securely, ensuring safe transactions for users [3] Group 3: Operational Details - Users can add their Visa cards to Apple Pay via the Wallet app or directly through their bank's app, enabling immediate use on compatible devices [4] - Some banks, like China Merchants Bank, are innovating with an "instant activation" process, allowing users to apply for and use Visa cards without waiting for physical cards [4] Group 4: Future Outlook - The support for Visa card linking is expected to attract new user groups and increase usage scenarios for Apple Pay, contingent on the growth of Apple's user base and outbound consumption demand [5] - Future integration of more international payment networks is anticipated, with existing technological infrastructure supporting such developments, although regulatory compliance remains a key challenge [5]

Group 1 - China UnionPay held a global partner conference on November 28, where it established cross-border payment cooperation with 11 key institutions, including Bank of China, Hong Leong Bank of Malaysia, OCBC Bank of Singapore, and Banco do Brasil [1] - The chairman of China UnionPay, Dong Junfeng, emphasized that breaking down payment barriers allows millions of small and micro businesses to access significant purchasing power globally through UnionPay's inclusive payment network, thus facilitating cross-border payments and invigorating global economic recovery [1] - China UnionPay aims to collaborate with local institutions to ensure all parties involved in account and acceptance sides can effectively contribute to expanding the cross-border payment market [1] Group 2 - The global economic and trade landscape has entered a new phase, with a consensus on building cross-border payment systems and promoting payment connectivity [2] - China UnionPay has expanded its cross-border payment cooperation from Asia to approximately 50 countries and regions worldwide, including South America and Africa, establishing a world-class payment connectivity network [2] - To adapt to current development trends, China UnionPay proposed a new inclusive and open "four-party model" by integrating wallet institutions, mobile manufacturers, acquiring service providers, and aggregating service providers into the traditional model [2]

Group 1 - The core viewpoint of the articles highlights the significant growth in cross-border payments during the recent National Day and Mid-Autumn Festival holidays, driven by the convenience of inbound payment services and the continuous release of "visa-free benefits" [1][2] - Alipay reported a nearly 40% year-on-year increase in consumption by global inbound tourists during the first five days of the holiday, with a staggering 500% increase in spending from foreign users utilizing the "Alipay Touch" feature [1] - The retail sector saw over a 200% increase in payment amounts from inbound tourists using Alipay, indicating a strong preference for retail experiences among these consumers [1] Group 2 - WeChat Pay recorded a 21% year-on-year increase in cross-border payment transactions during the same holiday period, with notable growth in transactions from South Korea (46%) and Singapore (32%) due to visa-free policies [1][2] - The introduction of innovative services such as "immediate tax refund" for inbound tourists by China UnionPay and "touch-to-refund" services by Alipay has contributed to the growth in payment transactions [2] - Domestic consumption trends revealed by WeChat Pay include a 43% increase in payment amounts for electric vehicle charging, a 21% increase in railway and passenger ticket purchases, and an 11% increase in spending on digital products due to policies encouraging upgrades [2]

Core Viewpoint - The launch of the Cross-Border QR Code Unified Gateway marks a significant innovation in China's cross-border payment infrastructure, facilitating a unified interface for cross-border QR code payment services [1][3]. Group 1: Unified Gateway Launch - The Cross-Border QR Code Unified Gateway officially began trial operation at the end of July, under the guidance of the People's Bank of China [1]. - The Unified Gateway aims to address long-standing issues in cross-border payments, such as inconsistent standards and multiple interfaces, by providing a single technical interface for domestic and foreign institutions [1]. Group 2: China UnionPay's Role - China UnionPay is a key participant in the Unified Gateway initiative, enhancing the interconnectivity of the QR code payment network through comprehensive payment services and ecosystem development [2]. - As of August, the "Jinxiu Action" initiative by China UnionPay has covered 1.35 million key merchant scenarios, supporting 232 types of aggregated QR codes for direct use by foreign wallets [2]. Group 3: International Expansion - China UnionPay is promoting cross-border QR code payment interconnectivity through a dual-track cooperation model, having launched or advanced 19 interconnectivity projects in countries like Vietnam, Indonesia, and Argentina [3]. - The number of overseas QR code acceptance merchants has surpassed 10 million, with expectations to reach tens of millions within the year [3]. - Over 170 overseas QR code payment wallets have been integrated into the UnionPay network, covering 30 countries and regions [3].

Core Insights - The recent advancements in China's payment sector include the interconnection of mainland and Hong Kong rapid payment systems, the trial operation of a unified cross-border QR code gateway, and the launch of a cross-border QR code interconnection project with Indonesia [1][2] Industry Developments - The concept of "interconnection" has become a focal point in the payment industry, as it is seen as essential for addressing payment pain points and achieving high-quality industrial development [2] - The payment industry in China is transitioning from rapid growth to a phase of high-quality development, with a consensus emerging on the need for an open and interconnected ecosystem [2][3] Challenges and Solutions - High industry concentration, insufficient interconnectivity between different networks, and a lack of compatibility in business rules and standards are identified as obstacles to high-quality development [2] - The introduction of foreign wallets has revealed issues such as inconsistent standards and redundant infrastructure among domestic partners, which can negatively impact payment experiences [2] Technological Innovations - New technologies like blockchain and artificial intelligence are pivotal in reshaping the payment landscape, enhancing clearing efficiency, reducing transaction costs, and expanding financial service boundaries [4][5] - The recent peak transaction volume on the Netlink platform reached 3.71 billion transactions in a single day, highlighting the need for robust technological support for high-volume transaction processing [4] Ecosystem and Collaboration - The emergence of new payment hardware has expanded user scenarios and fostered a complete ecosystem involving hardware suppliers, smart terminals, and service providers [5] - Industry leaders emphasize the importance of adopting a proactive approach to incorporate global technological innovations and enhance the competitiveness of the payment sector [5] Risk Management - The acceleration of global payment network interconnectivity has increased risks such as information leakage and fraud, prompting the need for enhanced regulatory frameworks [6] - The People's Bank of China is committed to establishing a digital regulatory framework to improve early identification and management of payment risks [6] - Recent measures have led to the cancellation of 2,280 outsourcing service institutions, promoting a competitive market environment [6]

Core Insights - The People's Bank of China emphasizes that promoting payment interconnectivity is essential for the high-quality development of the payment industry [1][4] - The cross-border QR code unified gateway aims to resolve issues related to the previous "two-to-two" connection model, which led to inconsistent standards, redundant construction, and resource waste [4][6] Group 1: Unified Gateway Implementation - The cross-border QR code unified gateway began full-scale construction in early 2025 and officially launched on July 30, 2023, prioritizing "outsourcing for domestic use" [2][3] - As of September 11, 2023, the unified gateway processed 1.981 million transactions, amounting to 427 million yuan [2][3] - The gateway collaborates with various domestic and international institutions, including UnionPay and Alipay, covering regions such as Singapore, Malaysia, and Thailand [2][3] Group 2: Operational Efficiency and Market Impact - The unified gateway supports both "outsourcing for domestic use" and "domestic outsourcing" business types, enhancing transaction efficiency and user experience [3][5] - It standardizes the QR code payment process, improving user satisfaction by reducing transaction failures due to differing national payment standards [7] - The gateway facilitates a more inclusive and efficient payment ecosystem, allowing payment institutions to expand their market reach and attract foreign users [7]

Core Viewpoint - The People's Bank of China emphasizes the importance of enhancing payment services for the real economy and promoting high-quality development in the payment industry through interconnectivity and technological innovation [1] Group 1: Payment Industry Development - The payment service quality for the real economy has improved significantly due to the efforts of various industry stakeholders [1] - The construction of a modern payment system has achieved new results, supported by strong financial infrastructure and ongoing high-level openness [1] - The interconnectivity of payment systems is deemed essential for the high-quality development of the payment industry [1] Group 2: Cross-Border Payment Initiatives - Following the interconnectivity of the mainland and Hong Kong rapid payment systems in June, a unified cross-border QR code gateway began trial operation at the end of July [1] - The unified gateway adheres to principles of publicness, inclusiveness, and accessibility, allowing qualified market entities to engage in cross-border QR code payment services [1] - The People's Bank of China will guide industry stakeholders to further promote cross-border payment interconnectivity, enhancing global financial networks and channels [1] Group 3: Technological Innovation and Security - The rapid iteration of global technological innovation necessitates the payment industry to accelerate technological advancements and enhance digital payment levels [1] - A balance between security and development is crucial, with a focus on maintaining safety standards while promoting innovation [1] - Industry stakeholders are encouraged to innovate within compliance frameworks, ensuring that development outcomes reinforce security foundations for high-quality growth in the payment sector [1]

Core Viewpoint - The current payment industry in China is transitioning from rapid development to high-quality development, facing structural and institutional challenges that need to be addressed, with interoperability being a necessary path to resolve issues in the payment sector [1][2][3]. Industry Challenges - The payment industry in China is characterized by high concentration, with issues such as network and standard incompatibility, insufficient industry collaboration, and a lack of sustainable development capabilities [2][3]. - The domestic QR code payment market has developed multiple standards and networks, leading to inadequate interoperability and compatibility among different networks, which hampers efficient resource utilization [2]. - The cross-border payment sector suffers from insufficient coordination, with a two-way connection model leading to issues like redundant construction and resource waste, affecting the efficiency and user experience of foreign wallet integration [2][4]. Interoperability as a Solution - Promoting interoperability in QR code payments is seen as a crucial breakthrough to address the aforementioned challenges, with a focus on creating an open and win-win industrial consensus [3][4]. - A systematic framework for promoting payment interoperability will be established, addressing key aspects such as rules, pricing, network connectivity, infrastructure interconnection, and regulatory governance [3][4]. Progress and Initiatives - Significant progress has been made in promoting interoperability, including the successful establishment of a new path for rapid payment system interoperability between mainland China and Hong Kong, which has been operational since June [4][5]. - The People's Bank of China has guided the establishment of a cross-border QR code unified gateway, which has processed 198.1 million transactions amounting to 427 million yuan as of September 11 [5][6]. Future Directions - The People's Bank of China aims to further enhance the cross-border payment interoperability mechanism, focusing on collaboration among government, infrastructure, and market entities to strengthen China's global financial connectivity [7][8]. - There is an emphasis on building a more open and efficient domestic QR code payment network, encouraging market institutions to engage in interoperability cooperation while optimizing the industry ecosystem [7][8].