Core Insights - UnionPay signed 11 cross-border payment cooperation documents with major institutions from various countries, enhancing its global payment network [1][3] - The UnionPay Global Partners Conference 2025 focused on innovations in open payments and gathered representatives from 72 organizations worldwide [3][12] - UnionPay aims to build a connected global payment network, collaborating with partners in approximately 50 countries and regions [4][5] Cross-Border Payment Initiatives - The signed agreements include partnerships with institutions from China, Malaysia, Uzbekistan, Kyrgyzstan, Singapore, Brazil, Nepal, and Austria [1] - UnionPay has launched payment connectivity collaborations starting in Asia and expanding to South America and Africa [4] New Four-Party Model - UnionPay is developing an open and inclusive New Four-Party Model that integrates various stakeholders, including wallet operators and acquiring service providers [7] - This model aims to enhance payment connectivity and promote shared growth within the industry [6][12] AI Adoption in Payments - UnionPay is leveraging AI to improve efficiency and security in cross-border payments, reducing response time to fraudulent transactions from days to one day [13][14] - The company is fostering an AI ecosystem through collaboration with research institutes and industry partners to drive AI-powered growth [15] Future Vision - UnionPay's vision is to create a secure and efficient global payment network that benefits the real economy and users worldwide [16]