Core Viewpoint - The article highlights the increasing presence of foreign tourists in Shanghai due to the city's efforts to enhance its inbound tourism experience, particularly through improved payment and transportation services [1][2]. Payment Services - Shanghai has a mobile payment penetration rate exceeding 95%, significantly higher than the global average, which is about three times lower than China's [4]. - The Shanghai government has implemented a comprehensive plan to enhance payment services for inbound tourists, aiming for full coverage of foreign card POS services in key commercial and tourist areas by 2024 [4][5]. - In Q1 2025, mobile payment transactions involving foreign cards in Shanghai reached nearly 20 million, amounting to 2.8 billion yuan, with year-on-year growth of 171% and 160% respectively [5]. - The city is developing a multi-layered payment service system that includes options for large card payments, small QR code payments, and cash transactions to optimize the payment experience for foreign visitors [7]. Transportation Services - Shanghai's public transportation has seen significant upgrades, including the expansion of UnionPay card contactless payment across the entire metro network, allowing for seamless travel for both domestic and international cardholders [9]. - The launch of the "Easy Go" platform provides a one-stop service for inbound tourists, integrating various travel-related services such as food delivery, transportation, and ticket booking [9]. - The city's bilingual signage has received positive feedback from foreign tourists, enhancing their travel experience and navigation [10]. Overall Experience - Shanghai is focused on creating a comprehensive and convenient travel experience for foreign visitors through improved payment systems, transportation services, and customer support [10].

Core Insights - The company has become the largest online retail payment clearing entity globally after over seven years of development [1] - The platform processed over 1 trillion payment transactions in 2024, amounting to 520 trillion yuan, with peak cross-institutional network payment transactions reaching 110,000 transactions per second on New Year's Eve 2025 [1] - The company emphasizes its core mission of serving the real economy, connecting over 3,000 commercial banks and payment institutions [2] Group 1 - The platform's system success rate, fund clearing accuracy, and core application system availability have consistently maintained 100% [1] - Since 2024, the industry-wide joint pressure testing system success rate has increased from 95.27% to over 99.99%, with commercial banks' high concurrency processing capability improving by over 40% [1] - The company has established a professional anti-fraud team and a risk information sharing mechanism, utilizing machine learning and knowledge graphs for efficient risk information sharing and interception [1] Group 2 - In the rural finance sector, the platform processed an average of 175 million transactions per day from January to May 2025, a year-on-year increase of 12.87% [2] - The company has launched innovative products like "convenient signing" and "one-click clearing" to enhance payment experiences for the elderly and improve tax payment convenience [2] - The company actively expands cross-border payment services, with total transaction numbers for two innovative products reaching 379 million and amounts totaling 60.439 billion yuan from 2019 to May 2025 [2] Group 3 - The platform has constructed a distributed cloud computing architecture with a processing capacity exceeding 300,000 transactions per second and an average transaction time of 200 milliseconds [3] - A five-layer disaster recovery system has been established to ensure business continuity amid high transaction volumes [3] - The company plans to focus on its primary responsibilities and roles as part of the national financial infrastructure [4]

Core Viewpoint - The article highlights the achievements and advancements of the Network Clearing Company in enhancing financial services and digital transformation in China, particularly in the context of payment systems and risk management. Group 1: Company Achievements - The Network Clearing Company has become the largest online retail payment clearing entity globally, processing over 1 trillion transactions and 520 trillion yuan in transaction value in 2024 [1] - On New Year's Eve 2025, the platform achieved a record of 110,000 cross-institutional network payment transactions per second, maintaining a 100% success rate in system performance and fund clearing accuracy [1] - The company has connected over 3,000 commercial banks and payment institutions, covering various types of financial entities [2] Group 2: Industry Impact - Since 2024, the industry-wide system success rate has improved from 95.27% to over 99.99%, with commercial banks enhancing their processing capabilities by over 40% [2] - The average processing time across the entire network has decreased by 30%, indicating significant improvements in operational efficiency [2] - The platform has strengthened the rural financial market, with an average daily transaction volume of 175 million for rural financial institutions in the first five months of 2025, a year-on-year increase of 12.87% [2] Group 3: Cross-Border Services - Since 2019, the company has launched cross-border services, focusing on compliance and risk control, providing transaction transfer and fund clearing services for domestic and foreign payment institutions [2] - The "external card binding" and "external package internal use" services have seen a total of 379 million transactions and a transaction value of 60.439 billion yuan from 2019 to May 2025 [3] - In May 2025, these services achieved an average of 1.2193 million transactions per day, with a transaction value of 16.997 million yuan, reflecting year-on-year growth of 185% and 135% respectively [3]

Core Viewpoint - The article highlights the advancements and achievements of the Netlink Clearing Company in the financial infrastructure sector, particularly in payment processing and cross-border transactions, showcasing its significant growth and innovation in services offered to enhance user experience and operational efficiency [1][2]. Group 1: Payment Processing Achievements - In 2024, the Netlink platform processed over 1 trillion payment transactions, amounting to 520 trillion yuan [1] - On the eve of 2025, the platform achieved a record of 110,000 cross-institutional network payment transactions per second [1] - The success rate of the platform's systems, along with the accuracy and timeliness of fund clearing, has consistently remained at 100% [1] Group 2: System Performance Improvements - Since 2024, the joint system testing success rate across the industry improved from 95.27% to over 99.99% [1] - The capacity of commercial banks to handle high concurrency increased by over 40% [1] - The average processing time across the entire chain was reduced by 30% [1] Group 3: User Experience Enhancements - The company launched a series of "convenient signing" products, including one-click account binding and multi-account signing [2] - It also introduced "one-click clearing" products to ensure a smooth payment experience for users [2] - As of May 2025, the cumulative transaction volume for treasury services reached 77.51 million transactions, totaling 182.215 billion yuan [2] Group 4: Cross-Border Transaction Services - Since 2019, the company has been providing cross-border transaction services under the guidance of the People's Bank of China, focusing on small-scale QR code payments [2] - From 2019 to May 2025, the total transaction volume for the "foreign card binding" and "outsourcing for internal use" services reached 379 million transactions, with a total transaction amount of 60.439 billion yuan [2] - In May 2025, the average daily transaction volume for these services was 1.2193 million transactions, with an average daily transaction amount of 16.997 million yuan, representing year-on-year growth of 185% and 135% respectively [2]

2024年以来，"China Travel"热度持续攀升，多地将入境游 作为2025年文旅发展的重要任务，并从交通便利化、支付便 利化等方面推出新举措，促进入境游市场发展。在此背景下， 中国银联加快推动跨境支付生态的构建，持续扩大"外卡内 绑"和"外包内用"的业务范围，让外籍来华人员能像境内用户 一样享受到便捷的支付体验，以更好满足用户持续增长的跨境 支付需求。 作者： 言生 封图：图片资料室 这些高效便捷的支付体验，都是中国银联 "锦绣行动"的创新实践成果。2024年，银联联合商业银行、收单机构、商户等产业方，聚焦全国41个重点城 市，围绕"食、住、行、游、购、娱、医、学"八大高频场景，构建"刷卡、扫码、手机Pay、现金存取"并行的包容性支付体系。 近日， "购在中国 ·2025大湾区消费季"在广州启动，银联也深入推进 "锦绣行动2025" ， 在提振消费满足多元化消费需求的同时，共建大湾区支付无障碍生活圈。 在境 外，银联联动港澳地区、东南亚、欧美等 39家境外机构，开展境内消费返现活动。 "以前需要携带大量现金，现在用家乡的电子钱包就能完成采购。"来自马来西亚的贸易商叶先生，经常来广州线下参展参会，他刚 ...

Core Insights - The "May Day" holiday saw a significant increase in cross-border travel and consumption, with Guangdong leading in inbound spending, which doubled compared to last year [1][2] - Alipay+ and WeChat Pay facilitated cross-border transactions, allowing tourists to use their home wallets for payments in China, enhancing the overall consumer experience [1][2] - The top five wallets for inbound spending were AlipayHK, Touch 'n Go eWallet, Kaspi.kz, MPay, and TrueMoney, indicating a diverse range of international users [1] Group 1: Inbound Consumption Trends - Guangdong, Shanghai, and Zhejiang were the top three destinations for inbound tourists, with Guangdong's spending during the holiday increasing over 100% year-on-year [1][2] - Popular shopping and service locations for inbound tourists included Hema Fresh, Miniso, and various medical services, reflecting a trend of combining shopping with personal care [2] - The top ten provinces for cross-border spending included Xinjiang, Fujian, and Jiangsu, with Shenzhen's COCO Park being a notable consumer-friendly area [2] Group 2: Outbound Consumption Trends - Domestic residents' outbound spending via WeChat Pay increased by 37% year-on-year, with Hong Kong, Japan, and Southeast Asia being popular destinations [2][3] - The introduction of visa-free policies and the expansion of digital payment tools contributed to a surge in spending by mainland tourists in destinations like Malaysia and South Korea [3] - In Hong Kong, the use of WeChat Pay for taxi rides surged by 643% during the holiday, indicating a strong preference for digital payments among mainland tourists [3] Group 3: Payment Trends - Alipay reported a 15% year-on-year increase in the number of transactions for outbound travel during the "May Day" holiday [4] - The integration of local payment methods for inbound tourists has streamlined the payment process, enhancing the overall travel experience [1][2]