Core Insights - The global cross-border e-commerce market is expanding, with a steady increase in the share of goods trade, and China remains a dominant player in the global cross-border e-commerce landscape, reinforcing an export-oriented structure [1][11][17] - The global cross-border payment market has entered an era characterized by real-time payments, stablecoins, and digital currencies, with a steady market expansion driven by small, high-frequency transactions [1][26] - The value of cross-border third-party payment services is becoming increasingly prominent, particularly in China's rapidly growing cross-border export third-party collection service market [1][26][33] Global Cross-Border Trade Market Data - From 2020 to 2024, global import and export trade is expected to achieve an average annual compound growth rate of approximately 8%, reflecting strong industrial resilience and policy regulation capabilities [7] - The global trade landscape is shifting towards emerging economies, with Asia and Oceania leading growth, while developed economies face low or zero growth by 2024 [2][7] China Cross-Border Trade Market Scale - China's goods and services import and export trade is projected to maintain an average annual growth rate of about 8% from 2020 to 2024, with a stable global trade share of around 11% [7][17] - The diversification of China's export markets is evident, with significant growth in Asia, Europe, North America, and emerging markets like Latin America and Africa [7][17] Global Cross-Border E-Commerce Market Data - The global cross-border e-commerce market is expected to grow at an average annual compound growth rate of 17% from 2020 to 2024, driven by consumer demand for diverse products and the digital transformation of traditional trade [11][17] - The rise of social e-commerce and digital platforms is reshaping user acquisition paths and decision-making processes [11] Global Cross-Border Payment Market Size and Forecast - The global cross-border payment market is projected to grow from approximately $141.1 trillion to nearly $194.6 trillion from 2020 to 2024, with personal cross-border payments experiencing rapid growth [26] - By 2029, the personal cross-border payment market is expected to significantly increase, driven by the demand for diverse, small, and high-frequency payment needs [26] Cross-Border Third-Party Payment Service Value - Cross-border third-party payment service providers are increasingly recognized for their value in enhancing operational experience, transaction speed, currency support, and value-added services compared to traditional channels [28][29] - The market for cross-border third-party collection services is expected to grow from nearly $600 billion in 2024 to over $1 trillion by 2029, driven by the diversification of trade participants [33] Competitive Landscape of Cross-Border Third-Party Payment Services - The market for cross-border third-party payment services is showing significant concentration, with leading firms expanding their competitive advantages through global service networks and regulatory compliance [38] - The ability to provide flexible, modular payment solutions and integrate with specific business processes is becoming a key competitive barrier for payment service providers [39][40] Emerging Market Opportunities and Risks - The expansion of China's cross-border e-commerce into emerging markets such as Southeast Asia, Latin America, and Africa presents both opportunities and challenges, requiring enhanced local payment capabilities [47][49] - Key countries to focus on include Singapore, Indonesia, Thailand, Brazil, Mexico, Saudi Arabia, UAE, Nigeria, and South Africa, each with unique market dynamics [49][51]