Visa announced a major expansion of its global money movement network by partnering with UnionPay International (UPI), enabling cross-border money transfers directly into Mainland China.
- This partnership utilizes the Visa Direct platform and has the potential to reach billions of cards in Mainland China.
- The strategic move reinforces Visa's focus on high-growth services, following a 12% rise in cross-border volume reported in its recent Q1 2026 earnings.