Core Insights - The development of AI large models is transforming search experiences, allowing users to make travel arrangements seamlessly through AI recommendations and one-click payments [1] - China UnionPay showcased its innovative payment technologies at the 12th China International Fair for Trade in Services, emphasizing the integration of AI and payment solutions [2][4] Group 1: AI and Payment Integration - China UnionPay's intelligent payment service enables a commercial closed loop from information provision to payment, enhancing user experience [4][5] - The service supports various scenarios including travel planning, knowledge payment, utility bill payments, and online shopping, streamlining the payment process across different platforms [5] - The MCP (Model Context Protocol) payment service allows AI to analyze user needs and execute transactions without leaving the AI interface, ensuring a seamless experience [5][6] Group 2: Financial Cloud Solutions - China UnionPay introduced a new generation of cloud solutions that integrate AI technology, enhancing the efficiency of financial services for industry partners [7][8] - The AI IaaS, PaaS, and SaaS services provide comprehensive support for AI development, including data processing and model training, catering to various client needs [8][9] - The AI-enhanced cloud solutions have significantly improved service efficiency, as demonstrated by a healthcare unit that reduced report generation time to under 40 seconds [9] Group 3: Cross-Border Payment Expansion - China UnionPay's global acceptance network has expanded to 183 countries and regions, facilitating cross-border payments for users [11][14] - The company has implemented a new "four-party model" to enhance cross-border payment interoperability, collaborating with local payment networks in 19 countries [14] - UnionPay's initiatives include promoting mobile payment solutions for inbound tourists, enhancing their experience in China [16][19] Group 4: Tax Refund Services - China UnionPay has launched a new departure tax refund service aimed at improving payment convenience for foreign visitors, creating a closed-loop service from consumption to tax refund [20] - The service integrates various payment capabilities and has already been implemented in multiple provinces, enhancing the overall experience for international consumers [20] Group 5: Future Development Strategy - China UnionPay aims to accelerate the digital transformation of the payment industry, focusing on platformization, intelligence, and globalization to strengthen its role in supporting industry development [21]

Core Viewpoint - The 12th China International Fair for Trade in Services (CIFTIS) showcased China UnionPay's (CUP) independent exhibition, highlighting its advancements in financial technology and international business development, aligning with the theme of "Digital Intelligence Driving Open Cooperation" [1] Group 1: Digital Financial Innovations - China UnionPay exhibited several technological achievements, including AI-integrated payment services and a marketplace for financial tools, demonstrating its commitment to integrating cutting-edge technologies like artificial intelligence and big data into its services [3] - The UnionPay MCP intelligent payment service allows users to complete payments through dialogue, covering both domestic and international scenarios [3] - The "UnionPay Cloud Intelligence" product architecture and privacy computing practices were also showcased, emphasizing the company's focus on financial technology advancements [3] Group 2: International Expansion - China UnionPay has accelerated its internationalization strategy, establishing a global acceptance network in 183 countries and regions with over 2,600 partner institutions [5] - The exhibition highlighted innovations in cross-border payment tools, including mobile POS products, cross-border remittances, and tax refund services, showcasing UnionPay's diverse offerings in the cross-border payment sector [5] - The new "four-party model" for QR code cross-border interoperability was a focal point, with UnionPay facilitating digital upgrades in local payment industries across 19 countries, including Indonesia, Vietnam, Japan, and Brazil [5] Group 3: Services for Beijing - The "Chuangyou Tong" innovative terminal was presented, designed to enhance the experience of inbound tourists by supporting multiple services such as Wi-Fi, UnionPay QR code payments, translation, and maps [6] - This terminal aims to provide a seamless experience for visitors, contributing to Beijing's development as an international exchange and consumption center [6] - UnionPay's participation in CIFTIS reflects its commitment to leveraging technology in payment solutions and fostering global connections [6]

Core Points - The 2025 China International Service Trade Fair (CIFTIS) opened on September 10, showcasing innovations in financial services [1][4] - A significant agreement was signed between Bank of China Beijing Branch and PICC Beijing Branch to enhance financial services for technology enterprises in Xicheng District [1] - China UnionPay exhibited its independent booth for the first time, highlighting advancements in technology and digital finance [2][4] Group 1: Financial Services Agreement - The "Service Xicheng District Technology Innovation Special Agreement" aims to integrate policy guidance and financial services to build a new financial service system for technology in Beijing's Xicheng District [1] - Bank of China will provide comprehensive financial services to key enterprises, while PICC will offer risk protection and insurance innovation [1] Group 2: UnionPay Innovations - China UnionPay's MCP intelligent payment service combines UnionPay payments with AI models, enabling users to complete payments during conversations [2] - The UnionPay MCP marketplace gathers various financial services from companies like Tencent and Baidu, allowing users to select needed tools [2] Group 3: Digital Currency Initiatives - The financial services section of the fair will feature a digital RMB immersive experience area, showcasing innovations from multiple banks [4] - The area will cover nearly 1,000 square meters and aims to leverage AI to stimulate new financial innovations [4]