US Edition'Visa Direct' To Enable Cross-Border Transfers To China - Visa (NYSE:V)
Visa Direct’s integration with UnionPay International’s MoneyExpress will enable real-time payouts to over 95% of UnionPay debit cardholders in Chinese Mainland starting in 2026.
- On Tuesday, Visa Direct announced a link to UnionPay International's MoneyExpress platform to enable real-time cross-border payouts into Chinese Mainland, reaching more than 95% of debit cardholders by the first half of 2026.
- Visa framed the move as part of its global-corridor strategy, aligning Visa's and UnionPay International's strengths to address digitalization and convenience trends in cross-border remittances.
- The connection will support a broad set of use cases, including creator and freelancer payouts, contractor disbursements, reimbursements, and family remittances, while availability varies by receiving institution and compliance reviews.
- The move will allow more overseas users to access low-cost, high-efficiency remittance services and support business partners, while creators, contractors, and families receive faster payments amid competition from MoneyGram International and Western Union.
- Building on prior partnerships, Visa is deepening integrations, with Visa Direct's late‑2023 tie-up with Tencent Financial Technology and the existing MoneyExpress network operating in over 95% of UnionPay cards in Chinese mainland, the companies said.
12 Articles
12 Articles
Financial Post
Business WireVisa Direct and UnionPay International Will Extend Global Money Movement Network to Billions of Cards in Chinese Mainland
By connecting Visa Direct’s card network to UnionPay International’s (UPI) MoneyExpress platform, Visa Direct will unlock real‑time1 cross‑border money movement in …
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, offe…
Visa stock price slips as China Visa Direct deal lands; V shares set up for next session
New York, Feb 3, 2026, 19:35 EST — After-hours Visa shares dipped 1.47% to close at $328.93 on Tuesday, holding steady in after-hours trading. Investors balanced the news of a fresh cross-border money-movement deal in China against a generally weak market backdrop. The drop is significant as payments stocks rely heavily on stable consumer spending and cross-border transactions, while traders remain quick to back away from any hint of a slowdown.…
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