Remittance international empowers cross-border e-commerce: to be a compliant cross-border payment platform!

The cross-border payment industry is the key to cross-border e-commerce “ The connector ”, On the one hand, due to the market cultivation of online consumption habits of the epidemic and the consumption upgrading of the National People , On the one hand, it relies on the rapid iteration of digital technology , And the continuous improvement of payment channels , The cross-border payment business shows an amazing growth rate . However, due to the huge volume of cross-border e-commerce industry and the complexity of chain links , As a result, the cross-border payment industry still faces many challenges , Non compliance is more and more common .

Unprecedented prosperity of cross-border payment business , The annual compound growth rate is as high as 35.6%

The new epidemic is sweeping the world ,“ House economy ” It's very hot , It gave birth to new consumption hotspots , It also accelerates the online layout of foreign trade enterprises , The scale of cross-border e-commerce transactions in China continues to rise . Data from the General Administration of Customs shows that ,2021 In, the import and export volume of China's cross-border e-commerce reached 1.98 Trillion yuan .

As the key to cross-border e-commerce “ The connector ”—— Cross border payment industry , It also shows an amazing growth rate . data display ,2016 year —2020 year , The scale of China's third-party cross-border payment market has grown from 2437 100 million yuan increase to 1.12 Trillion yuan , Annual compound growth rate reaches 35.6%. expect 2020 year —2025 year , The market scale of China's third-party cross-border payment industry will maintain a high compound annual growth rate .

But under the huge trade export growth and the huge cross-border payment market environment , Domestic small and medium-sized enterprises are facing the important challenge of capital flow security . therefore , Cross border payments 、 Efficient turnover and optimized management of cross-border collection funds in the whole business chain , It plays an important role in maintaining the long-term operation of the enterprise .

（ source ：pixabay）

From the supplier 、 Head logistics 、 Overseas warehouse 、 platform 、 Traffic 、 Organizational management 、 Fiscal and tax exchange rate ....... Cross border e-commerce capital links are long and complex , Whether it is safe and efficient 、 Accurately and quickly implement cross-border fund collection and payment management , It directly determines the lifeline of the seller's business . therefore , Country 、 Platform side 、 Relevant service providers have joined the team to ensure the capital security of small and medium-sized enterprises in cross-border payment , For cross-border payments 、 Practitioners of cross-border collection should be equipped with “ life jacket ”, Teach more about self-help and survival “ knowledge ”.

In terms of policy , The people's Bank of China and the development and Reform Commission 、 The Ministry of Commerce 、 State-owned assets supervision and administration commission 、 Silver circ 、 The safe jointly issued 《 On further optimizing the cross-border RMB policy Circular on supporting the stabilization of foreign trade and foreign investment 》, Simplified the cross-border RMB settlement process , Optimized cross-border RMB investment and financing management , So that small and medium-sized enterprises can better avoid exchange rate risk , cost reduction .

In terms of platform , Since Amazon, the world's leading e-commerce platform, launched the payment service provider program last year , When the seller adds the collection account provided by the payment service provider , Payment service providers must be selected to participate in the plan . This policy can effectively strengthen the detection 、 The ability to prevent and combat bad behavior , To protect sellers and buyers from fraud and infringement .

In terms of collection instruments , Comply with domestic and overseas compliance requirements 、 The payment institution that effectively guarantees the seller's capital security is cross-border payment 、 The preferred tool for cross-border collection .

Remittance International uPrimer Cross border collection platform （www.uprimer.net） As a collection tool to meet the requirements of each platform for payment service providers , Advantage lies in ： firstly , Remittance International uPrimer The cross-border collection platform has relevant qualifications in the areas covered by the perfect business both at home and abroad , Ensure the security of the seller's funds 、 compliance ; second , Remittance International uPrimer The cross-border collection platform has been upgraded for many times , Create a collection cash withdrawal system for sellers to 、VAT pay taxes 、 Supplier payment 、 Sunshine tax payment and other one-stop cross-border payment services . third , Remittance International uPrimer The cross-border collection platform connects with high-quality overseas banking channels , Gradually build up our own exchange capacity , At the same time, the seller's foreign exchange transaction price is not transparent 、 The cost of paying commissions is high 、 Pain points such as slow payment and failure to pay in full .

Except for the collection instrument , Remittance International uPrimer The cross-border collection platform has experienced years of industry sedimentation and development , It also has a set of leading and perfect cross-border payment solutions . Remittance International uPrimer The cross-border collection platform can provide overseas purchased products for imported e-commerce , Respond to the needs of industrial regulatory policies , Provide aggregate receipts 、 The customs pushes the bill 、 Cross border settlement 、 Customized financial management and tax and salary services , Truly achieve compliance and efficiency .

Compliance will become the main theme of the development of cross-border payment industry

Due to the huge volume of cross-border e-commerce industry and the complexity of chain links , As a result, the industry still faces many challenges , Cross border payment compliance has always been a commonplace issue .

Yang Tao, deputy director of the national finance and development laboratory, is in 《 Mobile payment helps improve people's livelihood 》 In the article of , Risks mainly include ： Transaction authenticity and risk identification 、 The risk of money laundering and illegal flow of funds 、 Provision management risk 、 Avoid the risk of restricting personal settlement and sales of foreign exchange 、 Monitoring risks of balance of payments declaration management , And customer personal information security risks . among , Funds involved in third-party cross-border payment services 、 data 、 Qualification risk is particularly prominent .

at present , Only a few licensed payment enterprises in China have the ability to serve overseas e-commerce platforms , As a result, many domestic cross-border Payment institutions actively choose some overseas cross-border financial service institutions for cooperation , Make up for your own business weakness . But there are obvious compliance disputes in this model —— Account opening and follow-up services for cross-border sellers in mainland China , The main link is completed by non licensed financial service institutions . Some of them are black sheep “ Driving without a license ” On the one hand, institutions emphasize their flexibility , On the other hand, because “ flexible ” And repeatedly break through regulatory laws and regulations , Like to find new technology support “ shortcut ”.

This kind of behavior is not included in the relevant regulation , So that the safety of merchants' funds cannot be effectively guaranteed ; and , Such fraud will lead to domestic licensed institutions cooperating with overseas financial service institutions , The authenticity of the data in the upward summary report continues to be in doubt , The risk coefficient of false data and illegal operation increases ,“ Penetrating regulation ” And the difficulty of .

Internet financial events with frequent thunderstorms in recent years , Most of the reason for this is that some of the clothes “ Fintech service innovation institution ” The platform of coat has repeatedly broken through the regulatory red line , Knowingly committing a crime will eventually lead to exposure . And the victims who suffered heavy losses complained about the situation of no door , Even if more time, severe regulatory penalties and bankruptcy treatment , To no avail .

at present , For cross-border e-commerce sellers , Re recognize and review the cross-border financial service institutions they use , To its service system 、 Technical support 、 License qualification 、 The importance of compliance risk control , It is more important than ever . A good payment platform like remit International , It can not only ensure the safety of funds in the process of capital trading , Reduce trading risk , And it can guarantee the security risk of customers' personal information , Enhance customers' sense of trust and security in sellers .

2013 Since the State Administration of foreign exchange launched the pilot of cross-border foreign exchange payment business in , The implementation of license plates has changed from pilot system to licensing system , It clearly conveys that China's cross-border payment field has entered the era of strict supervision , Compliance requirements will also become the development trend of the industry “ The main theme ”. The only way is to follow the regular process , It is the only choice for Chinese cross-border e-commerce sellers to maintain long-term operation , It is also the survival criterion of China's cross-border payment under the background of strict supervision .