Core Insights - The article discusses the evolution of payment methods in the digital age, emphasizing the shift towards intangible and all-scenario payments, particularly in cross-border transactions [1] - UnionPay is adapting to the digital payment trend by collaborating with local wallets globally, enhancing the user experience and supporting national strategies for international financial cooperation [1] Group 1: Collaboration and Coverage - UnionPay has established partnerships with over 200 local wallets across 37 countries and regions, significantly covering major markets such as Hong Kong, Southeast Asia, and the Middle East [2] - In Hong Kong, local wallets like BoC Pay and PayMe have become benchmarks for mobile payments, covering various daily consumption scenarios [2] - The integration of cross-border payment solutions has allowed 18 UnionPay wallets to scan domestic WeChat payment codes, facilitating payments for foreign visitors in China [2] Group 2: Growth and Usage Statistics - UnionPay's collaboration with Uzbekistan's Uzcard has led to the issuance of millions of dual-branded cards, with a significant increase in QR code transaction volume and value [3] - The usage frequency of UnionPay wallets outside mainland China has also surged, with a 50% increase in QR code transaction counts [3] Group 3: Strategic Importance - The collaboration model offers multiple business advantages, addressing core pain points in cross-border payments, such as the need for additional accounts and local privacy protection [4] - UnionPay adheres to the "four-party model," ensuring secure cross-border transactions through international business rules and risk management mechanisms [4] - The company aims to support national strategies for high-level openness and regional financial integration, positioning itself as a key financial link in the Belt and Road Initiative [4] - UnionPay plans to hold its first "Global Partner Conference" in late November to announce cross-border cooperation achievements and promote an open payment initiative [4]

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]