Core Viewpoint - China UnionPay has been actively contributing to the high-quality development of Xinjiang by providing safe, convenient, and efficient payment services, marking its commitment to corporate social responsibility during the 70th anniversary celebration of Xinjiang Uygur Autonomous Region [1] Group 1: Payment Services Expansion - China UnionPay has established over 1 million UnionPay cards in Xinjiang and has surpassed 10 million registered users on the Cloud Flash Payment APP [1] - The company has built over 13,000 rural payment service points to enhance financial accessibility for farmers and herders, allowing them to perform transactions without leaving their villages [2] - UnionPay has achieved full payment coverage in high-frequency service sectors such as food, accommodation, transportation, and healthcare, and has implemented a "one-stop" payment system for government services [2] Group 2: Economic Development Initiatives - UnionPay is actively involved in government consumption voucher distribution and promotional activities to stimulate consumption in various sectors, including automotive and retail [3] - The company has launched over 3 million "Rural Revitalization Theme Cards" in collaboration with commercial banks to support agricultural development [3] - UnionPay has facilitated cross-border payment convenience by issuing over 1.7 million "Silk Road Cultural Theme Cards" and exploring new settlement models for cross-border trade [3] Group 3: Technological Integration and Future Plans - UnionPay has introduced the "Xinjiang Tourism Digital Card" to enhance the travel experience by integrating various consumer rights [4] - The company has developed a comprehensive solution for truck ETC, helping the logistics industry save over 370 million yuan [4] - Looking ahead, UnionPay aims to deepen its financial service layout in Xinjiang, enhance cross-border collaboration, and build a secure payment ecosystem to contribute to the modernization of Xinjiang [4]

Core Viewpoint - Recent changes in credit card foreign currency transactions by several banks, including China Merchants Bank and Ping An Bank, have shifted from USD to RMB for cross-border transactions, potentially reducing currency exchange friction costs and enhancing card usage willingness [1][2]. Group 1: Credit Card Currency Upgrade - China Merchants Bank announced that starting October 28, 2025, certain Mastercard credit card cross-border transactions will switch from USD to RMB, streamlining the currency conversion process [2]. - Ping An Bank will also support RMB for foreign currency transactions starting September 25, allowing customers to choose between RMB and USD for their transactions [2]. - This upgrade primarily affects Mastercard products, including standard, platinum, and world credit cards issued by China Merchants Bank [2][3]. Group 2: Market Dynamics and Competition - The currency upgrade is seen as a response to competitive pressures among card organizations, with Mastercard and American Express having established local operations in China [4][5]. - The upgrade may help expand Mastercard's issuance scale in China, benefiting the initial cooperating banks [6]. - The dual branding of cards in China, such as "Mastercard + UnionPay," is unique and stems from historical market conditions prior to China's WTO accession [6]. Group 3: Industry Challenges - The credit card industry is under pressure, with a reported decline in the total number of credit cards and transaction volumes across major banks [9]. - For instance, China Merchants Bank reported an 8.54% year-on-year decline in credit card transaction amounts [9]. - The currency switch is expected to have minimal immediate impact on consumers, primarily reflecting slight cost adjustments rather than significant benefits [10].

【文/羽扇观金工作室】 近日，中国银联发布公告，宣布已终止花旗银行（中国）有限公司的成员资格，具体原因未予披露。此举意味着花旗中国将无法继续通过银联网络处理人民 币支付业务，其在华发行的信用卡及部分支付工具的使用范围受到直接限制。 根据公开信息，随着花旗银联资格的退出，国内具备银联成员资格的外资银行数量由9家减少至8家。目前仍保留该资格的外资行包括汇丰、渣打、东亚、星 展、瑞穗、德意志银行、三菱日联及恒生银行等。银联成员资格作为外资金融机构接入中国本地支付清算体系的重要通道，其变动往往引发市场对相关机构 战略布局及监管合规情况的关注。此次花旗中国银联资格终止，并非孤立事件，而应置于该行近年持续收缩中国境内个人金融业务的背景中审视。 银联资格终止与花旗中国的业务调整 此次退出使得在华外资银行中拥有银联成员资格的机构数量进一步缩减。目前仍保留该资质的八家外资银行包括汇丰、渣打、东亚、星展、瑞穗、德意志银 行、三菱日联和恒生银行。银联成员资格是外资行接入中国本地银行卡转接清算市场的基础条件，丧失该资格意味着花旗中国在零售支付领域的服务能力受 到显著限制。 值得关注的是，近期花旗中国高层出现人事变动。根据天眼查信息， ...

Core Viewpoint - The article highlights the "UnionPay Poetry POS Machine" initiative, which has successfully brought poetry written by children from rural China to Thailand, fostering cultural exchange and charitable contributions [1][5][7]. Group 1: Initiative Overview - The "UnionPay Poetry POS Machine" was launched in 2019 and has now expanded internationally, marking its first overseas event in Bangkok, Thailand, coinciding with the 50th anniversary of China-Thailand diplomatic relations [1][5]. - The initiative aims to connect different cultures through poetry, allowing children from rural areas to share their creative expressions with a broader audience [5][7]. Group 2: Event Details - The event in Bangkok featured a vibrant display of Chinese lanterns adorned with poetry from Chinese children, creating a poetic atmosphere during the Chinese Lantern Festival [2][5]. - Visitors could donate using UnionPay cards at the Poetry POS Machine, receiving a bilingual poetry receipt, with proceeds directed towards improving children's education and living conditions in Thailand [2][5]. Group 3: Impact and Achievements - Over the past seven years, the initiative has reached over 400 rural schools across various provinces in China, helping more than 7,000 children access arts education and collecting over 6,000 poems [7]. - The program has also led to the publication of a poetry collection titled "Little Poets in the Mountains" and established the first UnionPay public library and 114 reading corners in rural areas [7].

Core Viewpoint - China UnionPay is set to implement the "Jinxiu Action 2024" initiative, investing 3 billion yuan to enhance payment services and promote collaboration across the industry [1] Group 1: Investment and Initiative - China UnionPay will initiate the "Jinxiu Action 2024," with a core focus on "30+X," where "30" represents the 3 billion yuan investment and "X" signifies leveraging this investment to attract additional resources from various industry players [1] - The funds will be allocated to improve payment acceptance environments in key sectors such as dining, tourism, and hospitality, enhancing the infrastructure for card and contactless payments [1] Group 2: Collaboration and Network Building - China UnionPay aims to strengthen cooperation with other card organizations and clearing institutions to create an inclusive and convenient payment ecosystem [2] - The initiative includes accelerating interoperability between UnionPay, Alipay, and WeChat payment systems, allowing seamless acceptance of various payment tools [2] - UnionPay has expanded its network to over 30 countries and regions, issuing 230 million UnionPay cards abroad, which can be used for payment within its domestic acceptance network [2] Group 3: Government Collaboration and Service Innovation - China UnionPay will collaborate with government departments to expand acceptance coverage and enhance promotional efforts, particularly targeting foreign visitors in key cities and scenarios [2]

Core Insights - UnionPay International and Paymob signed a memorandum of cooperation to promote the widespread use of UnionPay cards in Egypt's retail and e-commerce sectors [1][3] - The partnership aims to enhance the acceptance of UnionPay cards and improve payment convenience for cardholders in Egypt [3] Group 1: Partnership Details - The memorandum includes plans for comprehensive acceptance cooperation, promoting UnionPay online payments on Egyptian e-commerce platforms [1] - Paymob will support UnionPay cards on over 250,000 POS terminals and introduce UnionPay contactless payment functionality in Egypt for the first time [1] Group 2: Strategic Importance - This collaboration is a significant strategic move for UnionPay in the African market, aiming to facilitate digital transformation in Egypt's payment landscape [3] - The partnership is expected to enhance payment convenience for international tourists visiting Egypt, thereby integrating Egypt into UnionPay's global payment network [3] Group 3: Economic Context - Egypt's recent accession to the BRICS group is anticipated to increase demand for local currency settlements [3] - UnionPay has been instrumental in improving financial payment infrastructure in Egypt and other BRICS nations, achieving near-complete merchant acceptance in markets like South Africa and the UAE [3] Group 4: Financial Benefits - UnionPay cardholders will be able to directly use the Egyptian pound (EGP) without the need for currency exchange, facilitating low-cost and low-risk settlement solutions for China-Egypt trade [3] - The partnership establishes a closed loop for "offline contactless + online direct payment" in Africa's most populous country, enhancing the internationalization of the Chinese yuan and positioning Egypt as a North African hub for BRICS financial cooperation [3]

Core Points - UnionPay International signed a memorandum of cooperation with the Egyptian Banks Company (EBC) to enhance payment services in Egypt [1] - The partnership aims to promote the acceptance of UnionPay cards among Egyptian merchants [1] - The initiative is designed to improve the payment experience for international visitors, including Chinese tourists, in Egypt [1]

Group 1 - The core agreement between UnionPay International and the China Foreign Cultural Exchange Center aims to enhance inbound tourism through the "Hello! China" initiative, focusing on creating a convenient, efficient, and secure payment environment for foreign visitors [1][3] - The collaboration will leverage both parties' resources to promote the "Hello! China" brand, engaging in marketing, brand display, and business expansion [3] - UnionPay International plans to participate in various international tourism exhibitions and cultural exchange activities, aligning its "Beautiful Action 2025" initiative with the "Hello! China" brand promotion [3][4] Group 2 - In 2024, China received 132 million inbound tourists, marking a 61% year-on-year increase, which has generated new payment demands in the tourism sector [4] - Since March 2024, UnionPay has been enhancing domestic acceptance experiences and developing a comprehensive payment product system for overseas markets, significantly improving the payment experience for foreign visitors [4] - UnionPay's international business localization is accelerating, with over 200 million UnionPay cards issued in 83 countries and regions, and more than 200 UnionPay wallet partnerships established in 37 countries and regions [4]