TENCENT(HK:00700) Xin Jing Bao·2025-09-17 08:37Core Insights - The establishment of the unified gateway aims to integrate fragmented cross-border payment access channels, significantly enhancing access efficiency while maintaining business stability [2][6] - The unified gateway has been operational since late July, addressing technical issues related to multiple connections for "foreign wallets used domestically" [1][6] - As of September 11, the unified gateway processed 1.981 million transactions, amounting to 427 million yuan [1] Group 1: Unified Gateway Functionality - The unified gateway provides cross-border transaction information transfer services without directly handling fund transfers, ensuring a seamless user experience [2][7] - It supports various transaction types, including "foreign wallets used domestically" and "domestic wallets used abroad," facilitating both scanning and being scanned payment modes [7] - The gateway acts as a "translator" and "dispatcher," promoting interoperability among different countries' QR code payment systems [7] Group 2: Industry Collaboration and Impact - Major payment institutions, including WeChat Pay and Alipay, have integrated with the unified gateway, enhancing the convenience for foreign travelers in China [1][3] - The unified gateway has partnered with multiple domestic and international entities, covering wallets from regions such as Singapore, Malaysia, and Hong Kong [3][4] - The initiative is expected to foster new collaborations, enhancing tourism and cultural exchanges by allowing travelers to use their familiar wallets in China [1][6] Group 3: Future Prospects - Industry experts anticipate that the unified gateway will lead to new partnerships and collaborations, further promoting cross-border payment solutions [1][6] - Ant Group's Alipay+ is expanding its global cooperation ecosystem, connecting over 1 billion merchants and 1.8 billion consumers, enhancing the security and transparency of cross-border payments [4] - The unified gateway is seen as a critical step towards achieving cross-border payment interoperability, addressing challenges posed by differing financial regulations and standards across countries [6][7]