SAN FRANCISCO & DOHA, Qatar–(BUSINESS WIRE<\/a>)– \nBy connecting Visa Direct\u2019s global money movement network to UPI\u2019s MoneyExpress platform, Visa will provide a more seamless, secure, and transparent way for consumers and businesses worldwide to send money into Chinese Mainland, one of the world\u2019s largest remittance destinations. This milestone showcases Visa\u2019s commitment to opening global corridors and extending reliable money movement capabilities to people and businesses worldwide.<\/p>\n \n\u201cGlobal business now moves at internet speed, but money hasn\u2019t always kept pace,\u201d said Vira Platonova, Global Head of Visa Direct. \u201cBy expanding Visa Direct\u2019s reach through UnionPay International, we\u2019re shrinking the world again \u2013 not through tests or theory, but through real, critical infrastructure operating at massive scale, speed and reliability.\u201d<\/p>\n \nThe connection will support a broad set of cross\u2011border use cases, including creator and freelancer payouts, contractor disbursements, reimbursements, and family remittances. As platforms, marketplaces and employers operate without borders, these payments and payouts increasingly require the ability to reliably reach people using global scale and real\u2011time delivery.<\/p>\n \n\u201cCross\u2011border remittances are a key livelihood link connecting personal life, economic activity, and financial needs across borders, and are an important part of UnionPay\u2019s international strategy,\u201d said Larry Wang, CEO of UnionPay International. “This cooperation with Visa represents a precise alignment of the two sides\u2019 strengths and is also an active response to the digitalization and convenience trends in global cross\u2011border remittances. It will allow more overseas users to enjoy low\u2011cost, high\u2011efficiency, and trustworthy cross\u2011border remittance services, while delivering business growth to partners at home and abroad and supporting the development of a broader, more efficient global cross\u2011border remittance service ecosystem.”<\/p>\n \nVisa Direct continues to scale as a foundational layer of the global economy \u2013 helping clients unlock new markets, improve liquidity, and deliver faster, more predictable payment experiences worldwide. The expanded Visa Direct connection to UnionPay International is expected to be available starting in the first half of 2026.<\/p>\n \n\u201cWhether it\u2019s a creator getting paid, a contractor receiving earnings or a family sending support across borders, reach and reassurance are everything,\u201d added Platonova. \u201cExpanding Visa Direct into one of the world\u2019s largest, most complex markets will bring that trust to life at scale, where reliability and reach matter most.\u201d<\/p>\n About Visa Inc.<\/b><\/p>\n \nVisa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com<\/a>.<\/p>\n
\nAt Web Summit Qatar, Visa (NYSE:V) and UnionPay International (UPI) announced an agreement to enable cross-border money movement into Chinese Mainland through Visa Direct. Once fully rolled out, clients will be able to send cross-border remittances and business-to-consumer payouts to more than 95 percent of UnionPay International debit cardholders in Chinese Mainland, through a single connection.<\/p>\n
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