“Can a licensed Chinese payment infrastructure company leverage Visa's global network and Nium's card issuance rails to become the dominant B2B cross-border payment solution for Greater China SMEs?”
Founded in 2011 as a Chinese technology-driven payment company, Fuiou Payment built out five regulated payment qualifications in mainland China covering internet payments, acquiring, prepaid cards, cross-border payments, and fund payments. The company expanded internationally through a landmark 2021 three-way partnership with Visa and Nium to launch a branded B2B global payment product — 'Visa Fuiou Pay' — targeting cross-border SME payment needs from Greater China. This partnership represents Fuiou's transition from a domestic Chinese payment infrastructure provider to a global B2B payment solutions brand, using Visa's network scale and Nium's card issuance rails as infrastructure layers.
Visa Fuiou Pay processes payments through Nium (card issuance rails).
Visa Fuiou Pay's cards are issued through Nium on the Visa network.
Visa Fuiou Pay uses Nium and Visa for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Visa Fuiou Pay's stack: Payments / PSP (Nium (card issuance rails)); Card issuing (Nium); Card network (Visa); Unified APIs (Nium); FX & payouts (Nium and Visa).
Visa Fuiou Pay is founded in 2011 and headquartered in Shanghai, China (Pudong New Area, Free Trade Zone).
Get a read on where your own stack stands against Visa Fuiou Pay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.