On December 9, 2025, UnionPay International and global payment platform PingPong jointly announced the official launch of the UnionPay Virtual Business Card in Hong Kong. This marks the first collaboration between the two companies to issue a virtual card, and it is also UnionPay's first virtual business card launched in Hong Kong. Wang Lixin, CEO of UnionPay International, Chen Yu, founder and CEO of PingPong, and Lu Shuai, co-founder, witnessed the event.
Leveraging its global reach, UnionPay continues to develop virtual business card solutions that meet the diverse settlement needs of businesses. This card not only boasts core functions such as convenient application and accurate reconciliation, but also offers exclusive cashback benefits. It supports payments for various scenarios including digital marketing, employee travel, and hotel/flight expenses, providing the market with new B2B payment options and effectively helping Hong Kong businesses optimize their payment experience, reduce operating costs, and enhance their market competitiveness.
Wang Lixin stated that since PingPong became a member of UnionPay International in 2022, the two parties have maintained close cooperation in areas such as cross-border e-commerce and online payment acquiring, accumulating a solid foundation for collaboration. The issuance of the UnionPay Virtual Business Card is the latest achievement of their cooperation in the field of cross-border B2B payments. In the future, UnionPay is willing to work hand in hand with PingPong to further deepen cooperation in areas such as card issuance, acceptance, and digital payments, jointly building a convenient, inclusive, and universally beneficial cross-border payment ecosystem.
Chen Yu stated that the global market is currently at a critical stage of accelerated growth in digital trade, and businesses are placing higher demands on payment infrastructure in response to these new opportunities. The partnership with UnionPay International is an important step in PingPong's ongoing efforts to build a global financial partner network and practice the concept of win-win cooperation. It also marks a significant milestone in both parties' joint efforts to empower businesses to accelerate globalization. PingPong looks forward to further deepening its cooperation with UnionPay International to facilitate the global growth of more businesses.
As a core product for UnionPay's overseas services, the Virtual Business Card targets overseas enterprises, online travel booking platforms, cross-border e-commerce and other customers. With its features of "convenient card issuance, digital management and global acceptance", it helps enterprises improve settlement efficiency and reduce payment risks.
