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UnionPay Signs 11 New Cross-Border Payment Deals in Global Push

China’s UnionPay signed 11 new cross-border payment agreements this week as Beijing’s global payments push continues to gather partners from Southeast Asia to Latin America. The signings were announced in Shanghai. The latest group includes PayNet and Hong Leong Bank ...
Southeast Asia
The China-Global South Project
How China Is Wooing Paraguay’s Political Class Away From Longtime Ally Taiwan
An electric bus donated by the Taiwanese government drives through a neighbourhood in Asuncion, Paraguay, March 3, 2026. REUTERS/Cesar Olmedo
By Daniela Desantis and Lucinda Elliott When Paraguayan opposition lawmaker Leidy Galeano returned from an all-expenses-paid tour of six Chinese cities late last year, she was convinced Paraguay risked missing out on major economic gains by sticking with longtime ally Taiwan over Beijing - a message participants on ...

UnionPay Signs 11 New Cross-Border Payment Deals in Global Push

China’s UnionPay signed 11 new cross-border payment agreements this week as Beijing’s global payments push continues to gather partners from Southeast Asia to Latin America. The signings were announced in Shanghai. The latest group includes PayNet and Hong Leong Bank ...
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