Cross-border Business Knowledge

What are the common international payment platforms for cross-border foreign trade in 2020?

September 22, 2020

International payment refers to the behavior of the parties in international economic activities to pay off the international creditor’s rights and debts arising from various economic activities with certain payment instruments and methods. Usually, it is a kind of behavior that occurs in international trade and is performed by the parties who perform the obligation of money payment. So what are the more famous international payment platforms?

Airwallex。 Airwallex is a cross-border trading platform jointly invested by Tencent, MasterCard and Sequoia in China. The company is committed to building a global cross-border payment integration, covering cross-border collection, payment and exchange of multiple currencies in cross-border transactions. With the rapid development of airwallex, its products have been applied in cross-border e-commerce, cross-border OTA, cross-border logistics, online education, overseas payment and other industries. The products of airwallex can help small and medium-sized enterprises to obtain a faster and more cost-effective payment experience, and help Jingdong and other cross-border business platforms better serve businesses.

WorldFirst。 World first, or WF card for short, is a top foreign exchange financial company established in the UK in 2004. Worldfirst wanlihui is a leading international payment company in the industry. It strictly abides by local laws and policies. It has licenses from the United States, the United Kingdom, Europe, Australia, Hong Kong and Singapore, and is regulated by local laws and regulations. World first cooperates with the world’s top banks, which is safe and efficient with relatively low rates.

Paypal。 PayPal is a global payment pioneer, especially in North America, which has a monopoly dominant position. PayPal supports 194 countries and has nearly 200 million active users worldwide. From the above data alone, we can see the influence and coverage of PayPal. At the same time, PayPal is backed by the global e-commerce giant eBay. As a global e-commerce giant, the transaction flow brought to it is immeasurable.

Payoneer。 Payoneer, or p-card for short, is a cross-border fund distribution company established in the United States in 2005. It is the only official collection method recommended by Amazon at present. It provides global payment solutions, and can also receive B2B funds in the United States like American companies. At present, there are more than 100000 users of e-commerce sellers in China and more than 4 million users in the world using payonneer paianying. In addition to e-commerce platform payment, its business also includes the distribution of funds from overseas Internet companies.

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