For a long time, cross-border collection and mobile payment have been two independent parallel lines, and it seems that they can never find an intersection. The familiar scene is that cross-border sellers sit in front of the computer, switch back and forth between their accounts on different platforms, check the exchange rate, perform a single payment and settlement operation, and then wait for the long accounting cycle.
In contrast, the domestic mobile payment market has a penetration rate of 77% and a soaring speed. Payment scenarios anytime and anywhere cover almost all aspects of daily life, entertainment consumption, transportation and tourism. The latest data shows that in the first quarter of 2018, the transaction size of China’s mobile payment market reached 40.4 trillion yuan.
On the other hand, iiMedia Research estimates that China’s cross-border e-commerce transactions will reach 9 trillion yuan in 2018. Faced with the expansion of Chinese sellers and the diversification of service demands, cross-border payment platforms have accelerated their in-depth development of the industry and have begun Pursue basic services with low rates, low exchange losses, and high timeliness, as well as value-added services such as multi-platform, VAT payment, supplier payment, and even supply chain finance. However, six years since Amazon launched “Global Store” in China in 2012, many cross-border sellers across China have been stuck in the “old era” of operating funds on the PC side, resulting in backward operating experience and poor payment scenarios. Problems such as single and exchange rate inquiry have become common new pains in the industry.
Recently, Lianlian Pay has launched a cross-border payment mini-program, allowing mobile payment, the “most familiar stranger” at the door, to break into the cross-border e-commerce field. It also marks the official start of cross-border e-commerce payment and collection into the era of mobile payment. Move forward.
This small program called “Lianlian Cross-Border Payment” fully implements the functions on the PC side on the mobile side. Cross-border e-commerce sellers can complete account registration, real-name authentication, balance inquiry, and income settlement through mobile phones anytime and anywhere. Wait for the entire process to operate. From then on, the terminal for sellers to operate funds is no longer a single computer, nor does it need to be restricted to fixed working hours. Everything is focused on efficiency, and store funds can be managed anytime and anywhere.
“On the way to create one-stop cross-border financial services for Chinese cross-border e-commerce sellers, we have always adhered to two minds: Can we improve efficiency? Can we help sellers save more money?” Lianlian is responsible for cross-border payment products People introduced, “Currently, cross-border sellers can use Lianlian’s products to collect payments from multiple accounts on major overseas e-commerce platforms such as Amazon, eBay, Wish, Cdiscount, Rakuten France, Rakuten Germany, etc. through one account. At the same time, , “Lock the real-time exchange rate” is not an empty talk. The mobile payment applet we developed can effectively help sellers seize the best exchange rate and withdraw money anytime and anywhere, achieving truly zero exchange loss in the mobile scenario. Communication will also be more advantageous, allowing users to access our new products and welfare policies more quickly.”
It is reported that the “Lianlian Cross-border Payment” applet will also launch functions such as exchange rate inquiry and related payments. The mobile payment experience of cross-border e-commerce sellers will be more complete, and the imagination space brought by mobile Internet technology to cross-border payments will also increase. As the cross-border payment full-link ecosystem is built, it becomes more open.