Visa to Enable Cross-Border Payments to 95% of UnionPay Cardholders in China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfers into Mainland China via Visa Direct.
Once fully implemented, clients will be able to send remittances and business-to-consumer payments to over 95% of UnionPay International debit cardholders in Mainland China through a single connection.
The integration links Visa Direct’s global network with UPI’s MoneyExpress platform, offering a streamlined and secure way for consumers and businesses worldwide to send money into one of the world’s largest remittance markets.
Vira Platonova
said Vira Platonova, Global Head of Visa Direct.
The service will cover various cross-border use cases, including payments to creators and freelancers, contractor disbursements, reimbursements, and family remittances.
Larry Wang
said Larry Wang, CEO of UnionPay International.
Visa Direct continues to expand as a core component of international payments, helping clients reach new markets and improve the predictability of payment experiences.
Visa Direct will make the expanded connection with UnionPay International available in the first half of 2026.
Featured image credit: Edited by Fintech News Hong Kong, based on image by mrsiraphol via Freepik
The post Visa to Enable Cross-Border Payments to 95% of UnionPay Cardholders in China appeared first on Fintech Hong Kong.
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