UnionPay International — a subsidiary of China UnionPay that provides support for UnionPay cards and mobile payment services in over 180 countries and regions — announced a partnership with global payments infrastructure Wise Platform on Dec 16 to enhance cross-border remittance services to China. The upgraded service introduces two key improvements:
1. Expanded recipient coverage: The service now supports all UnionPay cardholders in China, in addition to Chinese residents. This expansion aims to better serve expats working, studying, or investing in China.
2. 24/7 instant transfers: Select remittance services now operate around the clock, allowing funds to be credited instantly to UnionPay cards for immediate use.
(Sources: UnionPay International, WeChat Pay and VCG)
