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Feb 3, 2026 12:50 PM

'Visa Direct' To Enable Cross-Border Transfers To China

Visa Inc. (NYSE:V) on Tuesday disclosed an agreement with UnionPay International (UPI) to facilitate cross-border money transfers into Mainland China via Visa Direct.

The service, which once fully implemented, is expected to allow clients to send remittances and business-to-consumer payments to over 95% of UnionPay International debit cardholders in Mainland China through a single connection.

By linking Visa Direct's global money transfer network with UPI's MoneyExpress platform, Visa aims to offer a smoother, more secure, and transparent way for individuals and businesses worldwide to send funds to Mainland China, one of the world's ...