The cross-border e-commerce platform of the Free Trade Zone will open third-party payment to welcome the blue sea

The China (Shanghai) Pilot Free Trade Zone has been listed for the month. The reporter was informed that as a major experimental content of the cross-border e-commerce business, the e-commerce platform that has been piloted is now in operation, and more companies have been included in the declaration list.

On the other hand, the first batch of third-party payment companies that have obtained the pilot qualification for cross-border e-commerce foreign exchange payments are also intensively promoting the pilot business. The potential for cross-border payments is huge, and there will be a “blowout” in the short term. Some insiders also reminded that the issues of fund security and money laundering in cross-border payments need to be further observed and prevented.

The reporter learned that there are already two home appliance companies that have become the first batch of enterprises in the Shanghai Free Trade Zone. They have obtained qualifications to conduct cross-border e-commerce business in the free trade zone. One is the “cross-border” e-commerce platform, one is Eastern Network E-Commerce Co., Ltd.

Among them, the “cross-border communication” e-commerce platform invested by the East has been basically completed, and is currently being tested and operated. It can be put into operation after being accepted by the General Administration of Customs.

Yang Yihua, CEO of the Journey to the West Coast of the professional cross-border e-commerce platform, believes that the free trade zone can be used to open a cross-border e-commerce website on the basis of the “one-line liberalization” of customs supervision, allowing consumers to simultaneously purchase discounted goods worldwide. This platform can provide customs duty collection services, thus avoiding the risk of goods being seized under the current purchasing mode.

"In late October, we have started pilot business with some cooperative banks to cross-border payments." Lu Hao, the general manager of the third-party payment company remittance to the World Bank, told reporters.

Since the third-party payment of cross-border settlements has been “opened” this year, 17 companies have obtained pilot qualifications, including 10 institutions such as Remittance World, which have obtained “full-service” pilots such as cargo trade, study abroad education, air ticket and hotel accommodation. license. In fact, third-party payment agencies such as Alipay, Tenpay, and Quick Money began working with banks to try cross-border payment services several years ago. Analyst Li Zichuan of Analysys International believes that the third-party payment companies have previously carried out cross-border payment services through the loop circuit, which is the inevitable result of the fierce competition in the domestic payment market. However, due to the incomplete financial infrastructure, the scale has been limited. Further expansion. The issuance of the cross-border payment pilot license has an ice-breaking significance.

Lu Wei said, “In cross-border payment, payment is carried out in accordance with international standard procedures. Third-party payment can be used for both collection and liquidation. Only one bank can complete cross-border payment. Some payment companies have had The so-called overseas payment attempt is largely to act as an agent to deliver customers to banks. Now, third-party payment companies are the real main body of foreign exchange settlement and sales."

Another analyst believes that compared with a few thousand of the renminbi payment business profits, the profit margin of cross-border payment services with foreign exchange settlement may reach 2%-3%, so there will be more and more third-party payment companies. Layout cross-border payments.
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