Group 1 - The core viewpoint is that non-cash payments in Vietnam are accelerating, necessitating improvements in digital infrastructure and system security [1][2] - The total volume of non-cash payment transactions exceeded 12 billion in the first half of 2025, surpassing the total for 2023 and approaching the record of 17.7 billion set in 2024 [1] - The annual growth rate of non-cash payment transactions is between 30% and 40%, with the average transaction volume nearing that of Thailand and India, second only to China [1] Group 2 - The Vietnamese government has issued Directive No. 124/C-TTG to accelerate the development of non-cash payments, addressing the increase in cash transactions that lead to resource waste and risks of tax evasion and money laundering [2] - The government emphasizes the need for ministries and local authorities to promote non-cash payment adoption to meet public and business needs while preventing tax loss and criminal activities [2] - The State Bank is instructed to enhance oversight and anti-money laundering efforts in the banking sector, ensuring compliance and addressing illegal payment behaviors [2]

Core Insights - The People's Bank of China reported that from January to May 2025, foreign individuals conducted 71.095 million non-cash payment transactions in Shenzhen, amounting to 9.74 billion yuan, representing year-on-year growth of 31% and 37% respectively [1] Group 1: Transaction Data - The number of transactions by foreign individuals in Shenzhen reached 71.095 million, showing a year-on-year increase of 31% [1] - The total transaction amount for the same period was 9.74 billion yuan, reflecting a year-on-year growth of 37% [1] Group 2: Consumer Demographics - Hong Kong residents remain the primary consumers in Shenzhen, accounting for 68% of transaction volume and 60% of transaction value, with year-on-year increases of 25% and 27% respectively [1] - South Korea, the United States, and Singapore are the top three source countries for inbound consumption in Shenzhen, collectively contributing over 40% of the total consumption amount [1]

Core Insights - UnionPay, in collaboration with Mizuho Bank and UC Card, has launched QR code payment support for over one million merchants in Japan, enhancing mobile payment experiences for users of the Cloud Flash Pay app [1][2] - This partnership marks a significant milestone in UnionPay's 20-year presence in Japan, with plans to support the Osaka World Expo as the only Chinese payment brand [1][2] - The collaboration aims to deepen the interconnectivity of payment industries between China and Japan, facilitating seamless mobile payment experiences for Chinese travelers in Japan [2][3] Group 1 - UnionPay has established a diverse product system in Japan, including card, code, and Pay services, leveraging its network and technology to empower local partners [1][3] - The QR code payment service is available at popular merchants such as FamilyMart, Takashimaya, and BicCamera, covering high-frequency consumption scenarios for travelers [2][3] - A promotional offer of up to 10% discount is available for UnionPay payments at participating merchants until the end of the year [2] Group 2 - Since its entry into the Japanese market in 2005, UnionPay has expanded its acceptance network, ensuring that all ATMs in Japan accept UnionPay cards [3] - UnionPay has partnered with over 60 transportation companies in Japan to support card-based travel, enhancing the payment experience for tourists [3] - The company is also advancing localization efforts by collaborating with local banks to issue UnionPay cards and plans to partner with Rakuten Bank for mobile payment services in 2024 [3][4]

Core Insights - UnionPay collaborates with Mizuho Bank and UC Card to enable QR code payments at over 1 million merchants in Japan, enhancing mobile payment experiences for users of the Cloud Flash Pay app [1][3] - The partnership aims to deepen connectivity between the payment industries of China and Japan, facilitating seamless mobile payment solutions for travelers [1][4] Group 1: Partnership and Expansion - The collaboration marks a significant milestone in UnionPay's 20-year presence in Japan, supported by various industry stakeholders [3] - UnionPay has established a diverse product system in Japan, including cards, codes, and payment solutions, to empower local partners and contribute to Japan's cashless society [3][4] Group 2: Market Coverage and Local Integration - UnionPay's merchant POS terminal coverage exceeds 80% in Japan, with ATM acceptance fully covering the region, and acceptance rates in Tokyo and Osaka nearing 90% [4] - The company is set to partner with Rakuten Bank in 2024 to support mobile payment solutions for QR code acceptance in 47 countries, becoming the first Chinese payment brand to offer QR code services to Japanese residents [4] Group 3: Global Reach and Vision - UnionPay's global acceptance spans 183 countries and regions, with local card issuance in 84 countries, enhancing the international recognition and influence of the Chinese payment brand [4]