金砖支付系统由金砖国家共同推动建设，旨在打造一个独立于美元体系和SWIFT 网络之外的跨国支付与本币结算架构。 作为全球南方国家在金融基础设施层面的战略协作成果，该体系的核心目标，是帮助成员国摆脱对单一货币与外部清算体系的过度依赖，提升金融自主权和 系统安全性。 近日，CIPS+、金砖支付系统（BRICS PAY）达成战略联动。这一合作标志着中国现有的跨境人民币清算能力，与正在崛起的金砖本币结算网络实现了首次 系统性融合，为全球用户打开了"第二套国际支付体系"的新时代窗口。 在国际金融格局深刻重塑的背景下，单一货币主导的跨境支付体系正面临地缘政治、交易成本与系统安全等多重挑战。各国，尤其是全球南方国家，越来越 意识到过度依赖美元与SWIFT所带来的外部风险，迫切希望构建一条独立于美国体系之外，更加安全、多元、具有自主性的全球支付网络。 在这一时代需求下，中国的 CIPS（人民币跨境支付系统）已成为全球最重要的人民币清算基础设施，而金砖国家推动的 BRICS PAY，则致力于建立去美元 化、本币直接结算的新框架，为全球贸易提供真正可选择的第二条金融通道。 CIPS+作为CIPS沙盒计划的重要创新平台，承担着连接 ...

Core Viewpoint - The article emphasizes the risks associated with virtual currencies and related activities, highlighting that they are not recognized as legal tender in China and warning against illegal financial activities linked to them [1][3][4]. Group 1: Nature of Virtual Currencies - Virtual currencies are not issued by monetary authorities and do not hold the same legal status as national legal tender, thus cannot be circulated as currency within China [1][3]. - Certain virtual currencies, such as "air coins" (e.g., π coin), lack substantial technological innovation and clear commercial applications, leading to significant fraud and market manipulation issues [3][5]. - Stablecoins currently fail to meet customer identification and anti-money laundering requirements, posing risks of being used for money laundering and fraudulent fundraising [3][5]. Group 2: Prohibited Activities - Domestic institutions and individuals engaging in the exchange of legal currency for virtual currencies or issuing and financing real-world asset tokens are involved in illegal financial activities [4][5]. - Member institutions are prohibited from participating in the issuance and trading of virtual currencies and real-world asset tokens, and must not provide any related services [5]. - Financial institutions must conduct thorough customer due diligence to identify potential risks related to virtual currencies and report any suspicious activities to relevant authorities [5]. Group 3: Public Awareness and Caution - The public is urged to remain vigilant against various forms of virtual currency and real-world asset token activities, which are often linked to speculation and fraud [5]. - Individuals should enhance their risk awareness and avoid participating in virtual currency-related activities, including illegal fundraising under the guise of "mining" [5]. - Any suspicious activities related to virtual currencies should be reported to regulatory authorities or law enforcement [5].

Core Viewpoint - The China Internet Finance Association and six other associations issued a risk warning against participation in virtual currency and real-world asset token issuance and trading activities within the country, urging the public to recognize risks and avoid illegal activities [1][2] Group 1: Risk Warning - The warning highlights that virtual currencies are not issued by monetary authorities and do not have the same legal status as legal tender, thus cannot be circulated as currency within China [1] - Financial regulatory authorities in China have not approved any activities related to the tokenization of real-world assets [1] - Member units are prohibited from directly or indirectly providing services for the issuance and trading of virtual currencies and real-world asset tokens within the country [1] Group 2: Public Awareness - The public is advised to remain vigilant regarding various forms of virtual currency and real-world asset token business activities [2] - Any leads related to virtual currency or real-world asset token activities should be reported to regulatory authorities, and suspected illegal activities should be reported to law enforcement [2]

当二维码成为新兴市场"跳过银行卡"的跳板，全球卡组织正把主战场搬到手机屏上。 近日，银联表示，已携新"四方模式"登陆约50个国家和地区，把钱包、手机厂商、聚合服务商等一并拉 进跨境网络，实现跨境支付"一码互通"。与此同时，Visa也于今年11月宣布在亚太地区上线"Scan to Pay"，允许不同钱包之间二维码互认互扫。 扫码出海，硝烟才起。但业内人士指出，银联锚定中国境内外之间的双向跨境客流，Visa则深耕亚太本 地钱包互联，两者客群错位，不会正面交锋。 联合打造新"四方模式" 今年以来，银联新"四方模式"屡现报端。 2025年1月，在银联国际与印尼支付系统协会（ASPI）等机构推动中国印尼跨境二维码互联互通的合作 发布会上，中国银联董事长兼银联国际董事长董俊峰表示，顺应全球支付产业发展趋势，银联正联合各 方打造新"四方模式"，积极推进跨境支付"互联互通"工作，将合作机构范围进一步向产业上下游延伸， 在实现自身发展的同时助力产业转型升级。 11月28日，在2025银联全球合作伙伴大会上，董俊峰再次对外阐述了银联的新"四方模式"：在传统"四 方模式"中引入钱包机构、手机厂商等泛账户方，收单服务商、聚合服务商等 ...

11月28日，中国银联分别与中国银行、马来西亚PayNet、乌兹别克斯坦Uzcard等11家境内外机构签署跨 境支付合作备忘录，以新"四方模式"为纽带，凝聚全球支付力量，共建跨境支付互联新生态。 支付互联构建多赢生态 本次签约活动是中国银联首届合作伙伴大会的核心亮点。"互联"作为贯穿大会的核心要义，不仅是全球 支付产业各方齐聚一堂的共同契机，更成为驱动行业协同发展的核心愿景。 自亚洲启航，中国银联的跨境支付互联足迹已遍布全球。从泰国、越南、印尼等东南亚邻国，到土耳其 等中东市场，再到阿根廷、巴西等南美市场，以及尼日利亚等非洲国家，银联已与全球约50个国家和地 区建立或推进跨境支付互联合作，持续织密全球支付服务网络。 面对全球支付产业的数字化转型浪潮与多元化需求，中国银联在传统合作模式上大胆创新，提出更具包 容性与开放性的新"四方模式"。该模式打破原有边界，引入钱包机构、手机厂商等泛账户方，以及收单 服务商、聚合服务商等泛受理方，将原本分散的双边、多边合作"连线成网"，构建起多方共赢的产业生 态。 "随着支付壁垒的逐渐打破，全球数以千万计的中小微商户，能够通过普惠、泛在的银联全球支付网 络，零门槛接触到中国乃至 ...

Core Viewpoint - China UnionPay is expanding its cross-border payment network by signing multilateral memorandums of cooperation with 11 domestic and international institutions, aiming to enhance global payment connectivity and support economic recovery [1] Group 1: Cross-Border Payment Cooperation - China UnionPay has initiated cross-border payment cooperation with approximately 50 countries and regions, including Thailand, Vietnam, Laos, Indonesia, Malaysia, Cambodia, Singapore, Argentina, Brazil, and Nigeria [1] - The organization aims to create a world-class payment interconnectivity network, facilitating access for millions of small and micro businesses to global purchasing power [1] Group 2: New Payment Model - China UnionPay is introducing a new "four-party model" that incorporates wallet institutions, mobile manufacturers, acquiring service providers, and aggregating service providers to create a more inclusive and open payment ecosystem [1] - This model is designed to adapt to current development trends and transform bilateral and multilateral connections into a structured network [1]

Core Insights - The collaboration between CITIC Bank, China Duty Free Group, and China UnionPay marks a significant step in integrating finance with tourism retail, launching a co-branded credit card in Sanya [2][3][4] - This initiative aims to enhance consumer experience and support China's strategy to boost domestic demand and consumption quality [2][3] Company Developments - The co-branded credit card leverages the strengths of each partner: China Duty Free Group's nationwide duty-free network, CITIC Bank's comprehensive financial services, and China UnionPay's secure payment infrastructure [2][3] - The card features various benefits such as cashback, points redemption, and travel insurance, designed to lower the barriers for high-quality duty-free shopping [5][6] Policy and Market Dynamics - Recent macroeconomic policies have prioritized consumer spending, with the People's Bank of China and other departments emphasizing financial support for consumption [3] - The optimization of Hainan's duty-free policies has led to a significant increase in duty-free shopping, with a reported 34.86% year-on-year growth in the first week of new policy implementation [3] Consumer Benefits - The co-branded credit card offers tiered membership benefits, including direct matching to China Duty Free's membership for certain cardholders and exclusive discounts [5] - Cashback incentives are available for new cardholders, with potential annual returns of up to 1200 yuan based on spending [5] Strategic Vision - The collaboration is not just a product innovation but also an exploration of mechanisms to integrate consumer data, marketing resources, and risk management [6] - Future plans include expanding the "financial + tourism retail" model to more regions and scenarios, aiming to provide sustainable business solutions for domestic demand expansion [6]

Core Insights - The article highlights the significant role of UnionPay in enhancing financial infrastructure in the Middle East, driven by the Belt and Road Initiative and the rapid evolution of the global digital economy [1][9][10] Group 1: UnionPay's Network Expansion - UnionPay's acceptance network in the Middle East is becoming increasingly comprehensive, covering 15 countries, with full acceptance in the UAE, Qatar, Turkey, and Pakistan [2][3] - The number of contactless and QR code terminals has reached millions, facilitating the widespread use of these payment methods [2] - UnionPay has established a robust local payment ecosystem in the UAE, with full coverage of ATMs and merchants since entering the market in 2009 [3] Group 2: Localized Strategies and Innovations - UnionPay's strategy involves deep collaboration with local financial institutions and fintech companies, enhancing the sustainability of regional payment systems [5] - In Pakistan, UnionPay has partnered with over 20 local banks, issuing tens of millions of cards, making it the second-largest card brand in the country [5] - The introduction of multi-currency UnionPay cards in collaboration with the Industrial and Commercial Bank of China aims to facilitate cross-border payments and enhance the use of the Renminbi [6] Group 3: Cross-Border Payment Infrastructure - UnionPay is actively building cross-border clearing capabilities and standardizing technology to support regional financial cooperation [7] - The strategic partnership with Turkey's national switching network BKM for QR code interoperability marks a significant milestone in cross-border payment integration [7] Group 4: Internationalization and Strategic Importance - UnionPay's efforts in the Middle East reflect its broader internationalization strategy, having established a network covering 183 countries and regions [8] - The Middle East serves as a crucial hub for trade and finance, enhancing UnionPay's influence in the international market [9][10] - The company's approach of integrating with local financial systems and promoting shared standards is seen as a key differentiator in global competition [10]

在"一带一路"倡议深入推进以及全球数字经济加速演进的背景下，中东地区正经历新一轮金融基础 设施升级，对安全、普惠、兼容的支付能力需求日益增长。观察人士指出，作为中国重要的金融基 础设施和全球布局的国际卡组织，银联坚持"互联互通"理念，依托在国际网络、支付科技与本地化 运营方面的积累，正在中东地区产生积极影响。近年来，通过持续完善清算网络、受理生态与移动 支付基础设施建设，其举措有效助推了区域支付体系的数字化升级，为日益紧密的中东与中国经贸 合作提供了重要的金融支撑。 长期深耕，中东受理网络日趋完善 从 市 场 发 展 轨 迹 来 看 ， 中 东 地 区 的 银 联 受 理 网 络 正 日 趋 完 善 。 近 年 来 ， 随 着 能 源 结 构 转 型、人口年轻化和跨境贸易扩容，中东地区各国金融体系对于数字化支付工具的需求不断 提升。根据公开资料显示，为顺应这一趋势，银联稳步推进该区域受理网络、发卡生态与 数 字 支 付 能 力 建 设 。 目 前 ， 银 联 卡 业 务 已 覆 盖 中 东 1 5 个 国 家 ， 在 阿 联 酋 、 卡 塔 尔 、 土 耳 其、巴基斯坦基本实现受理全覆盖，区域内开通数百万台非 ...

Core Insights - The launch of the co-branded credit card by CITIC Bank, China Duty Free Group, and China UnionPay represents an innovative integration of finance and tourism retail, enhancing consumer experiences and supporting national strategies for expanding domestic demand and improving duty-free consumption [1][4]. Group 1: Strategic Collaboration - The collaboration aims to leverage the strengths of CITIC Bank's diverse financial services and China Duty Free Group's extensive duty-free network to create a secure and convenient payment ecosystem [4][5]. - The initiative aligns with national policies promoting consumption, as evidenced by the recent increase in duty-free shopping amounts, which reached 5.06 billion yuan in the first week of November, a year-on-year growth of 34.86% [4]. Group 2: Product Features - The co-branded credit card offers multiple tiers, including Gold, i- Platinum, and Platinum cards, catering to different customer needs with benefits such as membership, points, cashback, and insurance coverage [6][8]. - Specific benefits include a cashback offer of up to 1,200 yuan for new cardholders who meet monthly spending requirements, and insurance coverage for theft and flight delays, enhancing consumer confidence in travel and shopping [8]. Group 3: Future Outlook - The partnership is expected to drive a transformation in tourism consumption from a "flow economy" to a "retention economy," as it aims to lower the barriers to high-quality consumption [8]. - The three parties plan to continue optimizing products and services based on consumer needs, exploring further possibilities in the "finance + tourism retail" space to contribute to the high-quality development of China's consumer market [8].