Core Insights - The ASEAN-GCC-China Economic Forum 2025 was held in Kuala Lumpur, Malaysia, with significant participation from UnionPay's leadership, highlighting the company's commitment to regional economic collaboration [1][4]. Group 1: UnionPay's Strategic Initiatives - UnionPay emphasizes its role as a key financial infrastructure and international card scheme, supporting national strategies and promoting regional trade and digital transformation in ASEAN and GCC countries [4][9]. - The acceptance network of UnionPay spans all ten ASEAN member states and all six GCC member countries, with over 90% merchant acceptance in ASEAN and nearly universal acceptance in GCC countries [5][6]. Group 2: Product and Service Expansion - More than 70 million UnionPay cards have been issued in ASEAN, with tailored products like the SplendorPlus Card for international visitors to China [7]. - UnionPay has launched over 40 digital wallets in response to the shift towards mobile payments, partnering with local banks and fintech companies [7]. Group 3: Cross-Border Payment Solutions - UnionPay has established partnerships with local payment networks in seven ASEAN countries, enhancing cross-border payment connectivity and contributing to the internationalization of the renminbi [8]. - The collaboration with Vietnam and Indonesia showcases UnionPay's commitment to government-to-government frameworks for payment interoperability [8]. Group 4: Economic Collaboration and Future Outlook - China, ASEAN, and GCC countries are enhancing cooperation through practical collaborations, with UnionPay positioned as a facilitator of economic digitization and regional integration [9]. - UnionPay aims to foster win-win partnerships and long-term value creation among China, ASEAN, and GCC nations [9].