For the fragmented massive B2B orders, how to reintegrate logistics data information, capital flow data information and business flow data information to form a new e-commerce international trade system, while reducing costs to meet the flexible and changeable online transaction requirements, is indeed a problem that needs to be considered and solved in all aspects.
One possible solution is that banks can cooperate with logistics and warehousing companies to connect cross-border e-commerce platforms with bank data, so that the traditional offline B2B trade payment process can be operated online. The specific approach is: the platform buys out the supplier’s goods and puts the goods in the bonded area for customs clearance in advance. The buyer opens a domestic offshore account (an overseas account) and places an order through the platform. The bank conducts cross-border funds collection and payment and foreign exchange settlement and sales services based on the customs declaration form and platform order data. This model combines platform transactions with goods delivery and cross-border payments, helps suppliers and buyers solve the problems of goods customs clearance and cross-border payments, and opens up a compliant online trade channel for small cross-border e-commerce transactions. Another way is to directly open up the data channel between the platform’s in-warehouse operating system and the bank settlement system to achieve online transactions, online customs clearance, online settlement and real-time delivery of goods. Through the connection between the seller’s electronic wallet and the bank and customs system, the original trade authenticity evidence elements can be efficiently put online, thus meeting many requirements after transaction fragmentation. At the same time, customs clearance information can be provided to the bank in real time, allowing the bank to complete real-time foreign exchange settlement.
Recently, Bank of Communications Global Payment-Cross-border E-commerce Platform has been officially launched, realizing multiple electronic platform cross-border foreign exchange receipts and payments service scenarios through direct system connection. UnionPay users have realized the first online payment through the UnionPay electronic unified payment platform and Bank of Communications Global Payment-Cross-border E-commerce Platform, marking that Bank of Communications has taken a solid step to support cross-border e-commerce foreign exchange payments and expand financial service functions in this field.