Visa and UnionPay partner to support cross-border money movement into mainland China #
Visa has partnered with UnionPay International to expand cross-border money movement into mainland China, enabling international senders to transfer funds directly to UnionPay cards and accounts. The collaboration is aimed at simplifying inbound payments for consumers and businesses, reducing reliance on more complex correspondent banking routes
The initiative targets use cases such as remittances, travel-related spending, and cross-border commerce, as demand grows for faster and more transparent payments into China. By combining Visa’s global network with UnionPay’s domestic reach, the partnership reflects a broader push by card networks to strengthen cross-border payment capabilities in highly regulated markets.