Main challenges faced by domestic cross-border payment and logistics fields

In the context of the rapid development of domestic cross-border e-commerce, challenges in payment and logistics have become increasingly prominent, mainly focusing on supervision, payment security, laws and regulations, etc.

Challenges faced by cross-border payments

1. Insufficient supervision
   Cross-border payments are usually conducted through the Internet. The virtual nature makes it difficult to form relevant paper contracts and information, which makes transaction records easy to be forged and leads to evidence distortion. It is difficult for regulatory authorities to find problems when conducting bill inquiries, especially the huge amount of cross-border trade data, diverse delivery methods, and inconsistent transaction methods. This makes regulatory authorities often face the dilemma of incomplete data when supervising data statistics, thus leading to a weakening of the effectiveness of supervision.

2. Payment Security Issues
   With the rise of cross-border e-commerce, consumers may face the risk of entering “phishing” websites, resulting in the inability to receive goods after payment, or even the risk of bank cards being swiped or personal information being used. Since various countries have different laws and regulations for cross-border e-commerce, participants in cross-border transactions need to fully understand the relevant local laws and regulations to ensure the security of the payment process.

3. The law is not perfect
   Although my country already has certain legal regulations in the cross-border industry, compared with the details of cross-border payment and settlement, the current laws still need to be further improved to improve the effectiveness of legal applicability.

Complexity and Challenges of Cross-Border Logistics

Cross-border logistics must respond to rapidly increasing consumer demands and provide full delivery services for relevant organizations or individuals. These services include a variety of transportation methods such as aviation, sea transportation, and international express delivery. In addition, the participation of multiple links such as customs clearance companies and postal companies in various countries makes the operating network of the logistics industry very complex. Due to this complexity, small cross-border logistics service providers have a niche in the market. Specific challenges include the inability to fully track packages, high costs, long delivery times and customs clearance obstacles. These problems are common problems faced by almost every cross-border e-commerce company.

In order to adapt to the development of cross-border e-commerce, cross-border logistics needs to integrate multiple resources to improve the efficiency of the entire cross-border e-commerce. By utilizing free trade zones, international logistics networks and customs clearance resources, different logistics parties can connect e-commerce platforms and consumers more effectively. In addition, the refined division of labor in logistics and the international express delivery network also provide the possibility for the growth of cross-border logistics companies.

In this rapidly changing environment, large e-commerce platforms like Amazon are trying to build their own logistics networks and achieve seamless cross-border logistics by leasing aircraft and trucks. This approach enables merchants to bypass traditional logistics service providers and implement the “one-click shipping” process directly on the e-commerce platform.

Conclusion

To sum up, while the domestic cross-border payment and logistics fields are developing rapidly, they have also encountered many challenges. Insufficiencies in supervision, security, and law still require joint efforts within and outside the industry to find solutions to promote the continued and healthy development of cross-border e-commerce.