Articles from UnionPay International

SHANGHAI, July 24, 2026 (GLOBE NEWSWIRE) -- UnionPay International has signed three Memorandums of Understanding (MoUs) on cooperation in payment landscape with the Central Bank of the United Arab Emirates (CBUAE), Al Etihad Payments (AEP), and Bank of China Abu Dhabi Branch during a high-level ceremony held in Shanghai, China, marking a significant milestone in cross-border payment interoperability and financial sector connectivity between China and the UAE.

SHANGHAI, May 16, 2025 (GLOBE NEWSWIRE) -- UnionPay International and Bank of China (Australia) Limited jointly announced on May 12 that they plan to cooperate on the issuance of UnionPay single-network dual-currency debit cards. This is the first time that a UnionPay single-network dual-currency debit card will be offered in Australia, marking a milestone in UnionPay's Australian business. Guo Dayong, President of China UnionPay, Li Mang, GM and Country head of Bank of China in Australia and Xie Qunsong, Deputy Chairman of UnionPay International, attended the ceremony.

SHANGHAI, Dec. 25, 2024 (GLOBE NEWSWIRE) -- On December 19, UnionPay International (UPI) and the Lao National Payment Network (LAPNet) launched the QR payment interoperability collaboration in Shanghai. Mr. Dong Junfeng, Chairman of UPI, and Mr. Manolith Soumphonphacdy, Chairman of LAPNet, attended the ceremony. From now on, users of the UnionPay App, Chinese e-wallets integrated with the UnionPay MobileWallet Connect Service, and international UnionPay partner wallets can scan the Lao QR code to make payments to local merchants. Mr. Larry Wang, CEO of UPI, and Mr. Sisamone Srithirath, CEO of LAPNet, signed the collaboration agreement on behalf of the two organizations.

SHANGHAI, Dec. 20, 2024 (GLOBE NEWSWIRE) -- On December 17, UnionPay International announced its new collaboration with Weixin Pay, which enables users of international UnionPay-powered wallets to scan Weixin Pay payment codes in the Chinese mainland. Eight wallets are now able to offer this feature, namely BoC Pay from Bank of China (Hong Kong), Octopus, PayMe by HSBC, and Tap & Go in Hong Kong SAR; Bangkok Bank Mobile Banking and K PLUS from KASIKORNBANK in Thailand; Naver Pay in South Korea; and ICBC Mobile Banking (ICBC Pay) in Malaysia. International visitors will thus have access to more mobile payment options during their time in the Chinese mainland.

SHANGHAI, Dec. 12, 2024 (GLOBE NEWSWIRE) -- On December 5, UnionPay International announced a collaboration with ICBC (Macau) and New Yaohan in Macao to issue the ICBC New Yaohan UnionPay Dual Currency Diamond Card.

SHANGHAI, Oct. 15, 2024 (GLOBE NEWSWIRE) -- On October 13, UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) signed a Memorandum of Understanding (MOU) in Hanoi. Both parties agree to deepen the collaboration on cross-border QR code interoperability and enable QR payments by UnionPay and Vietnamese local bank applications/e-wallets on each other's networks, so as to enhance the experience of users from both countries. Mr. Dong Junfeng, Chairman of UnionPay International, and Mr. Nguyen Quang Hung, BOD Chairman of NAPAS, attended the signing ceremony.

SHANGHAI, July 29, 2024 (GLOBE NEWSWIRE) -- Driven by factors such as the recovery of international air capacity and visa-free policies, tourism cooperation between China and Europe has continued to expand this year, leading to a rapid growth in cross-border payment demand.

SHANGHAI, July 03, 2024 (GLOBE NEWSWIRE) -- UnionPay International has launched its largest-scale summer marketing campaign targeting outbound tourists from China, featuring multiple benefits including merchant discounts up to 33%, favorable exchange rates, and cashback of up to 12% from banks. Over 10,000 global merchants and more than 10 commercial card-issuing banks have participated, covering popular destinations like France.