What are the cross-border third-party payment platforms?

The development process of third-party cross-border payment has always been dependent on the changes and evolution of the cross-border e-commerce market. With the increase in global per capita purchasing power, the increase in Internet penetration, the further maturity of payment channels, and the improvement of logistics and other supporting facilities, online shopping has become a rising consumption habit around the world, and cross-border e-commerce has become an inevitable trend to replace traditional trade. However, in recent years, the growth of cross-border e-commerce has slowed down, and the development of the third-party cross-border payment industry has entered a stable period. Therefore, in the absence of new business models or emerging fields, it is difficult for the third-party cross-border payment industry that relies on cross-border e-commerce to show rapid growth.

However, opportunities also lie in change. After the epidemic, various industries began to recover; the two major cross-border consumption scenarios of traveling abroad and studying abroad are becoming more and more popular; the digital interconnection of the Guangdong-Hong Kong-Macao Greater Bay Area has been upgraded; small and medium-sized enterprises have ushered in a new wave of overseas expansion, with B2C, B2B and other cross-border New forms of trade maintain rapid growth. Cross-border payment has ushered in new development space.

In this context, the scale, structural characteristics and payment models of the global cross-border payment market are quietly changing, with opportunities and challenges coexisting. Cross-border payments face practical problems such as high cost, slow speed, limited access, and insufficient transparency. For cross-border payment service platforms, it is necessary not only to ensure that the business complies with local laws and regulations in each market, but also to provide corresponding solutions for different business models of cross-border e-commerce to meet the diverse business needs of merchants. This is quite a challenge. A tough challenge. Especially today, when small and medium-sized enterprises are competing to go overseas, building faster, cheaper, more transparent, and more inclusive cross-border payments to solve the worries of enterprises going overseas has become the common development goal and vision of the entire industry.

Based on the importance of cross-border payments, EqualOcean will inspect 20 cross-border payment platforms in China.

Lianlian International

Lianlian Digital International is the core brand of Lianlian Digital. Lianlian Digital was established in Hangzhou, Zhejiang in 2009. In 2015, it won the bid for the "Pilot Approval for Cross-Border Foreign Exchange Payment Business". It is one of the first pilot institutions for cross-border foreign exchange business in China.

By 2020, it will support the cross-border collection services of 20 global e-commerce platforms such as Amazon, eBay, Wish, and Shopee, covering more than 100 countries and regions. Covering cross-border payment, cross-border logistics, global acquiring, remittance services, global fund distribution, etc. It is a comprehensive innovative enterprise in the field of cross-border trade payment finance and services in China. Relying on its compliance security strength and technological innovation capabilities, Changda has built a global payment and financial network and a trade service network covering the entire life cycle of the enterprise. In 2021, Lianlian International announced its cooperation with VISA to launch a global business payment solution.

So far, Lianlian Digital has completed five rounds of financing and plans to IPO in Hong Kong as soon as next year. This financing may bring the valuation of Lianlian Digital to about 20 billion yuan.

Table Tennis

Hangzhou Table Tennis Intelligent Technology Co., Ltd. was established in 2015 and is an innovative promoter of cross-border industries in China.

Currently, PingPong has more than 20 branches around the world, covering more than 200 countries and regions, and is one of the world's largest comprehensive cross-border trade service providers. It has been connected to Amazon’s top ten global websites such as Wish, Newegg, Shopee and other e-commerce platforms. It is the only Chinese-funded enterprise with payment licenses from the United States, the European Union, Japan and Hong Kong. Relying on its global operation service network, payment licenses and compliance qualifications in mainstream countries and regions, Pingpong has built a diversified product matrix based on the comprehensive needs of cross-border e-commerce and foreign trade companies going overseas, which can provide suitable services for different types of customers. Regulated, secure and convenient one-stop digital financial technology services. We have been committed to building a global digital operation service network through technological innovation, working with more ecological partners to help cross-border sellers and enterprises improve their global competitiveness, and create prosp

Provide end-to-end convenience for enterprises of all sizes Services, support small and medium-sized enterprise customers to accept online payments from global buyers, collect payments through virtual bank accounts at low cost, facilitate remittances, provide multi-currency card issuance, expense management and other value-added services, and customize API solutions for large enterprises and institutions. To better support global business growth, Airwallex's San Francisco office will become its fifth global technology research and development center. R&D centers following Melbourne, Sydney, Shanghai and Amsterdam focus on product research and development. d and upgrade to build a stronger global financial infrastructure and further promote global digital innovation.

The E-round financing was completed in November 2021, with a financing amount of US$100 million, and the financier was Sequoia Capital China.

XTransfer

XTransfer was established in May 2017 and is headquartered in Shanghai. It is a company that provides one-stop cross-border financial and risk control services for foreign trade companies. Committed to helping small and medium-sized enterprises significantly reduce the threshold and costs of the global exhibition industry. Its revenue mainly comes from service fees for cross-border collection, foreign exchange exchange, anti-money laundering risk control and other fund management services.

Currently, XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia, and has offices in major foreign trade cities such as Hong Kong and Shenzhen, as well as in the United Kingdom, the United States, Canada, Japan, Australia, and Singapore. branches.

Using technology as a bridge, we have built a digital, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centered on small, medium and micro enterprises. By cooperating with well-known multinational banks and financial institutions, we build a global multi-currency unified settlement platform at the multinational group level, allowing small, medium and micro enterprises to enjoy the same level of cross-border financial services as large multinational groups.

In September 2021, XTransfer completed Series D financing, amounting to approximately US$100 million, led by D 1 Capital Partners.

Looking for Sunshine Speed

SUNRATE was founded in 2016 and is headquartered in Shanghai. It is a digital global payment and exchange rate management enterprise service company, focusing on general trade, cross-border e-commerce, Enterprise customers such as online travel provide digital global payments and financial management.

Manage solutions.

At present, it has branches in Shanghai, Hong Kong, Tokyo, Singapore, Jakarta and London, etc., which can help enterprises conduct business in 130 countries. We are committed to helping enterprises realize the digitization of global payments, and provide enterprises with more resource support through highly adaptable financial management solutions, so that they can focus on the development of their core business and easily conduct global trade. While reaching strategic cooperation with international banks such as Citigroup and Standard Chartered, it has also become a card organization member of MasterCard and Visa, continuing to provide one-stop digital services to tens of thousands of companies around the world.

In December 2021, the Series C financing was completed. This round of financing was led by SoftBank Asia Venture Capital, followed by Banyan Pacific Capital (BPC), TDF Impact Investment and other institutions. Old shareholders Red Dot China, JAFCO Asia, Hua Chuang Capital, and Xianfeng Evergreen also participated in this round of financing.

PayerMax

Launched by Eggplant Technology in 2020, PayerMax is a cross-border payment platform that provides one-stop payment solutions, focusing on emerging markets.

PayerMax continues to make breakthroughs in emerging markets around the world. In the first half of this year alone, it has obtained multiple payment licenses in countries such as Thailand and the United Arab Emirates, which can provide global enterprises with smoother cross-border acquiring, Cross-border withdrawals, subscription payments, merchant account management, and multi-scenario access services. At the same time, PayerMax has also obtained PCI-DSS certification and has a financial-level risk control system to ensure the safety of every fund and comprehensively prevent transaction risks. Currently, PayerMax supports more than 350 payment methods and more than 30 currencies around the world, and its business covers more than 50 countries. It can meet the diverse payment needs of global users and provide one-stop payment solutions for Chinese overseas and foreign enterprises.

In September this year, it officially obtained a payment system operator (OPS) license from the Philippine Central Bank.

Tutuo Digital Technology

Tutuo Digital Technology (Beijing) Co., Ltd. was established in 2020 and is committed to serving cross-border e-commerce merchants, enterprises, platforms and financial institutions and other industries. The ecological chain provides efficient, reliable, and low-cost comprehensive financial technology products and solutions.

With more than 10 years of cross-border payment experience, it has gathered practical experts with rich experience in various fields such as mobile Internet, cross-border e-commerce, cross-border payment, and security risk control. Build an ecosystem of "scenario financial institution users" and use cutting-edge technologies such as international leading big data and artificial intelligence to establish a global big data intelligent risk control system, international payment technology system and customer operation evaluation system, with more than 200 customers around the world countries and regions. As one of the first members in China to join SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Obtained certifications from multiple authoritative organizations in the fields of payment, finance and data security.

In August 2023, tens of millions of yuan in Series A financing were completed, invested by Dewu Capital. This round of financing will be used to accelerate the layout of cross-border B2B risk control and underlying technical capabilities to further meet the payment and financial technology needs of small, medium and micro enterprises for cross-border overseas transactions.

iPayLinks

iPayLinks was established in early 2015 and is headquartered in Lujiazui, Shanghai. It is committed to building a world-class cross-border payment platform to help customers develop their global business.

iPayLinks serves top aviation and travel companies, brand e-commerce, digital entertainment and other customers. The company has successively set up branches in Shenzhen, Hong Kong, Singapore, Malaysia, the United Kingdom, the United States, Dubai and other places. It has the highest security certification of PCI-DSS Level-1 in the international card payment industry and multiple overseas financial payment licenses. Provide cross-border overseas enterprises with global diversified payment methods such as mainstream international credit cards and overseas local payments, and create a one-stop acquiring and issuing system. By digging deep into the industry and focusing on regions, iPayLinks has mature special payment solutions for the OTA industry and is the first domestic financial technology company to obtain a service investment license from Saudi Arabia.

Skyee

Guangzhou Gaofu Information Technology Co., Ltd. was founded in 2016 and is headquartered in Guangzhou. Its brand Skyee is the first domestic euro collection platform, a national high-tech enterprise, and a Guangdong Province It is one of the top ten payment companies and is an innovative cross-border collection company supported by the government.

Skyee has built a global local payment and settlement business covering more than 100 countries. Its business scope covers Asia, North America, Europe and other major regions, and has been established in the United States, the United Kingdom, Japan, Hong Kong, India and other places. Branch organizations. The service products comprehensively cover cross-border e-commerce payment collection, corporate foreign exchange transaction management, global supplier payment, etc. Customize appropriate solutions for different platforms for customers, continuously optimize product functions with the goal of meeting users' various business needs more efficiently, and create a one-stop global fund collection, exchange and payment platform. It provides cross-border settlement services to 100,000 corporate users and has maintained a steady improvement trend. In 2021, Skyee became a member company of Lakala.

In June 2021, Skyee completed strategic financing, and the investor was Koala Fund, an Internet industry investment fund initiated and invested by Lakala.

Qbit

Qbit was founded in 2019 and is headquartered in Hangzhou. It is a financial technology and enterprise services company.

We are committed to providing a one-stop cross-border fund transfer platform for enterprises, allowing customers to have a more convenient, efficient and low-cost cross-border payment experience. Driven by technology, based on security and compliance, and combined with cutting-edge blockchain technology, we develop a new generation of cross-border clearing and settlement network. Based on this, we provide global collection, global payment and quantum card services, covering customer funds across borders. meet all aspects of cross-border transfer needs. By building a global one-stop financial infrastructure and empowering customers with technological innovation, we are committed to creating the world's leading efficient, convenient, high-quality and diversified cross-border financial services for overseas enterprises, and opening up global capital flow links for enterprises. Currently, it serves more than 3,000 overseas brand companies, has localized service centers in 4 cities around the world, and has reached strategic partnerships with many well-known banks and financial institutions around the world.

In July 2021, it completed a US$10 million Series A financing invested by Zhen Fund.

Qianhai Oceanpayment

Qianhai Oceanpayment was established in May 2014. It is a professional cross-border payment product platform and Internet financial innovation platform, mainly for cross-border foreign trade, cross-border games, and cross-border financial services. Provide one-stop payment solutions for industries such as international tourism and cross-border rich media.

It is jointly established by senior technology, risk control and operation experts in the global payment field. It adopts the dual headquarters operation model of Hong Kong and Shenzhen, and has technical & business entities in the United States, Europe, Australia and Singapore, and is committed to Provide global digital payment technology solutions and services for Internet B2C (B) e-commerce models such as cross-border foreign trade, tourism and aviation, digital games, education and training. It has the highest level of security certification in the global financial industry, PCI DSS LEVEL 1, Visa and other certified service provider or acquirer qualifications, and Google Pay and Apple Pay PSPs certification. It is the only Fintech company in China that has full licenses for global digital payment technology and business qualifications. It has long-term strategic cooperation or business relationships with nearly a hundred international financial institutions, supports more than 500 payment products around the world, covers more than 200 countries and regions, and serves hundreds of thousands of global e-commerce websites. Through the scenario-based use of new technologies such as AI and Big Data, we will continue to improve consumer payment experience and merchant revenue security.

In May 2015, it completed the Pre-A round of financing from Cornerstone Capital, with a valuation of nearly 200 million.

WorldFirst Wanlihui

WorldFirst was founded in London, UK in 2004 and has been committed to providing better cross-border payment and collection services to small and medium-sized enterprises around the world. In 2019, it was acquired by Ant Group for approximately US$700 million. Relying on the global ecological cooperation network in the cross-border financial field, it provides a richer range of product solutions and financial security.

Wanlihui’s current main businesses are: international remittances, foreign exchange options trading, international e-commerce platform collection and foreign exchange settlement. It has 18 years of cross-border payment experience and operates in mainland China, Hong Kong, Singapore, the United States, and the United Kingdom. , Canada, the Netherlands, Australia and other countries and regions, or through cooperation with local licensed institutions, have the qualifications for global exhibitions, providing a solid guarantee for the security of customer information. It has offices in 19 cities in 8 countries around the world to provide more localized professional services.

PhotonPay

In November 2015, Shenzhen PhotonPay Technology Co., Ltd. was established to launch PhotonPay, a global innovative platform that highly integrates cross-border payment and international financial technology. .

Through the globally integrated compliance and risk management system, we are committed to providing safe, compliant, efficient, convenient, and low-cost cross-border collection, global payment, foreign exchange services and supply chain for Chinese cross-border e-commerce sellers. financial services. Its business covers Asia, North America, the European Union, the United Kingdom and other major regions. It holds financial service licenses issued by financial regulatory agencies such as the United States (MSB) and Hong Kong (MSO). It is committed to building a global collection and clearing settlement network to assist China's cross-border trade. Truly global access. As a global innovative platform that highly integrates cross-border payment and international financial technology, it has more than 100,000 cross-border corporate partners, handles more than 60 currencies, and covers international payment services in more than 150 countries.

Jianmi Ping

Jianmi Ping is an aggregate payment brand under Shanghai Jianmi Network Technology Co., Ltd. The company was established in 2014.

Providing payment services to more than 10,000 merchants, it is a leading third-party payment solution provider in the To B field. In June 2016, the paid version of the enterprise-level aggregated payment cloud service was officially launched, and in October it obtained the PCI certification issued by the Payment Industry Security Standards Committee. By building a payment processing platform in the cloud, merchants can centrally process transaction requests from required third-party payment channels and provide a unified SDK interface for merchants to call, thereby greatly simplifying the docking process with mobile payment channels and consumption installment channels. Merchants do not need to Build an additional dedicated payment processing system. The multi-level merchant system provides profit-sharing models and a fully open profit-sharing API for platforms, agents, and distribution forms. Platform merchants can easily manage transactions and accounts across the entire platform, and efficiently achieve multi-level merchant account clearing. Accurately matching the depository products of multiple banks to help the platform cater to supervision and avoid "second clearing".

In early 2016, it received US$10 million in Series B financing led by Broadband Capital.

Gleebill Dingfu

Gleebill Dingfu was established in 2016. It is a wholly-owned subsidiary of Shenzhen Dingfu Information Technology Co., Ltd. carefully built for China’s cross-border e-commerce. It is a company that focuses on A financial company that provides safe, stable, efficient and low-cost global cross-border payment solutions for Chinese cross-border e-commerce sellers.

The founders are from the earliest pioneers in the field of foreign card acquiring in China, and the core management are also senior people who were the first to get involved in foreign card acquiring in China. They have rich industry experience in the field of foreign card acquiring. Dingfu actively expands and develops different banking channels and payment methods. It has established and maintained good partnerships with many domestic and foreign banks as well as VISA, MASTER, JCB, AE and other international credit card organizations. After continuous integration and innovation, we have developed and launched various payment functions such as international card payment, virtual account payment, pre-authorized payment, quick payment, card-less payment, etc. We have also successively launched system function customization services to meet the characteristics of different merchants. need. Through Internet technology and financial innovation, we provide cross-border payment solutions for cross-border collection. We mainly provide cross-border e-commerce sellers with one-stop services such as collecting payments, settling foreign exchange, and cash withdrawals on overseas e-commerce platforms in North America, Europe and Japan.

YouWorld by me

YouWorld by me is a cross-border payment platform founded in Shenzhen in 2016. Based on the B2B2C model, it connects overseas merchants upstream and distribution channels downstream. Through independent The developed content management, data tracking and clearing system helps B-side merchants manage and optimize discount coupons, store information and brand content, and distribute them through multiple channels.

Since its establishment, it has launched two products and benchmarked against the American mobile payment giant Square to create a new cross-border payment experience. The user group is very clear, mainly non-local consumers around the world, such as overseas Chinese who have settled overseas. In the early days of its establishment, a purely information-based product was developed based on the shopping and consumption scenario to help consumers traveling and settling overseas obtain brand discount information as soon as possible. During the epidemic, the second online payment product - "Pay by Me" was developed and operated on Internet platforms such as Alipay, WeChat, and Ctrip to help Chinese people living overseas complete transactions more conveniently and enjoy certain discounts when shopping. This product brings different conveniences to both consumers and merchants. Consumers can enjoy certain discounts and avoid the inconvenience of carrying bank cards with them.

In September 2021, a US$5.5 million Series A financing was completed, jointly invested by Jinshajiang United Capital and Kunlun Wanwei ***, of which Jinshajiang United led the investment.

Useepay

Useepay was established in 2019 and is affiliated to Shanghai Yikun Technology Co., Ltd. It is an innovative technology brand in the field of cross-border payments. It relies on new Fintech technology and focuses on independent stations" The global solution for “no jump payments”.

UseePay’s payment success rate exceeds the industry average of 5%-7%; it supports 100 transaction currencies and 10 settlement currencies. It aggregates 6 major international credit cards and a variety of localized payments. At the beginning of its establishment, the company obtained the highest security certification of PCI-DSS Level-1 in the international card payment industry. At present, UseePay supports a variety of payment methods such as mainstream international credit cards, overseas localized wallets, overseas convenience stores, etc., and is actively building other comprehensive payment service capabilities such as online payment, corporate wallet, global collection, batch payment, etc., serving customers covering cross-border e-commerce. business, aviation, hotel tourism, transportation, digital entertainment, software, education and other industries. We are committed to deeply cultivating and exploring customer industries, integrating industry resources, and creating a one-stop comprehensive service platform integrating cross-border marketing, cross-border logistics, cross-border payment, etc., to assist customers in all-round business development.

PayEase

PayEase was founded in 1998 and is headquartered in Beijing. It is committed to building a global and leading international payment platform to provide merchants with more information. High-quality, safer payment and clearing services.

It is China’s first multi-functional online payment service platform that provides online transactions with multiple bank cards across banks and regions. It is directly connected to 23 national banks and China UnionPay’s core payment system, and supports banks issuing nationwide. Online payment for cards and internationally issued international credit cards, including Visa, MasterCard, AE and JCB, can provide e-commerce companies with customized electronic payment solutions for the Internet and mobile Internet. Capital Easy Pay occupies core enterprises such as Apple, Amazon, and Shopify. It was issued a third-party payment business license in 2011, a pilot license for cross-border foreign exchange payment business in 2014, and a pilot license for cross-border RMB payment business in 2015.

In November 2006, it raised US$14.5 million in financing. Major investors include China Economic Cooperation and Capital Information Development Co., Ltd., as well as individual investor Fang Guojian, chairman of Taiwan Maibao.

Beepay

Beepay was established in Hong Kong in December 2016. It is a technologically innovative financial enterprise.

Access the inter-bank foreign exchange market through cutting-edge technologies such as intelligent algorithms and big data analysis, use automatic routing algorithms to open up the global payment network, and adopt stringent anti-money laundering risk control measures to monitor transactions to provide cross-border enterprises with high-quality services. Compliance financial services such as payment collection, currency exchange, and cross-border settlement. It mainly targets major e-commerce export trade sellers located in China, including platform merchants and independent websites, and provides financial products and services including cross-border collection, foreign exchange transactions, foreign currency payment, RMB payment, and trade financing.

In March 2019, Linear Capital completed tens of millions of yuan in Pre-A round financing.

Yisihui

In March 2019, it completed nearly 100 million yuan in Series B financing from Xinzhongli Investment. Related questions and answers: The third-party electronic payment platform refers to ( ).

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