（文章来源：每日经济新闻） 每经AI快讯，8月14日，跨境支付指数盘中涨幅超2%，成分股表现亮眼，四方精创涨逾10%，中科金财 涨停，恒宝股份涨8.79%，*ST汇科涨6.89%，京北方涨6.85%。 ...

Group 1: Company Recognition and Achievements - Airwallex co-founder Lucy Liu was included in Fortune's 2025 "40 Under 40" list, highlighting her leadership in the fintech sector [1] - Airwallex has rapidly become a global fintech unicorn since its establishment in 2015, achieving a valuation of $6.2 billion after raising $300 million in Series F funding [3] - The company reported a 95% year-over-year increase in annualized revenue, reaching approximately $850 million, and a 102% increase in annualized transaction volume, totaling around $180 billion as of June 2025 [3] Group 2: Global Expansion and Market Presence - Airwallex has expanded its global footprint, holding financial service licenses in over 60 countries and regions, including major markets like the UK, Australia, and the EU [6] - The company has recently entered the Brazilian and Mexican markets and obtained a service license in Israel, enhancing its compliance foundation for expansion in Latin America, the Middle East, and Europe [6] - Airwallex serves over 150,000 enterprise clients, including renowned companies such as McLaren, Arsenal Football Club, SHEIN, and Canva [6] Group 3: Technological Innovation and AI Integration - Airwallex is leveraging AI to enhance operational efficiency and improve payment processing, achieving 95% same-day settlement for users [7] - The company has allocated significant budget towards AI and integrated key technologies into its products, introducing the "AI Agentic Finance" service to streamline financial workflows for clients [7][8] - Airwallex was ranked third in the fintech category of Fast Company's 2025 World's Most Innovative Companies list, reflecting its innovative capabilities and adaptability in the changing trade landscape [8] Group 4: Leadership and Vision - Lucy Liu's leadership has been pivotal in Airwallex's growth, transitioning from a broad role in the early days to focusing on strategic development, global expansion, and brand building [5] - The founders of Airwallex are committed to building a leading company in the fintech space, emphasizing resilience and a strong belief in their vision [9]

Group 1 - The core viewpoint highlights the significant increase in cross-border travel and tourism activity in Shanghai and the border areas, driven by the summer travel season and the implementation of convenient payment systems [1][3][5] - Since July 1, the daily average number of inbound and outbound travelers at Shanghai port reached 129,000, a year-on-year increase of over 14%, with a peak of 157,000 on August 9, marking the highest single-day record for the year [1][3] - The domestic and international tourism market is experiencing a surge, with family trips and educational tours contributing to the increased passenger flow, as evidenced by over 1.58 million outbound travelers checked at Shanghai airports by August 10, accounting for 67.7% of total outbound travelers [3] Group 2 - The implementation of the cross-border payment interconnectivity between China and Vietnam has facilitated a significant rise in tourist traffic at the Hekou port, with a total of 996,000 inbound and outbound travelers recorded, representing an 8.2% year-on-year increase [4][7] - The introduction of digital payment solutions has eliminated barriers for cross-border transactions, enhancing the consumption of cultural and tourism services [5][7] - To accommodate the growing number of travelers, the Hekou border inspection station has introduced various facilitation measures, including a self-service entry card filling system and online pre-declaration channels for cross-border tour groups [7]

Core Insights - The article highlights the growing importance of B2B cross-border payments in the digital trade landscape, projecting the market to exceed $187.5 trillion by 2025, accounting for 72.6% of total cross-border payments. Traditional payment methods face challenges such as high fees (3%-5%), long settlement times (3-5 days), and compliance risks. In this context, Shushangyun offers a comprehensive digital solution that significantly reduces payment costs by 72% and improves settlement efficiency by 80% for cross-border trade enterprises [1][2]. Technical Architecture - Shushangyun's cross-border payment solution is built on a distributed system and blockchain technology, featuring a microservices architecture that enhances scalability and reduces processing delays. The system can automatically scale resources by 300% during high-demand periods, maintaining a payment success rate of over 99.99% [3]. - The solution eliminates the traditional reliance on SWIFT's intermediary banks by enabling direct settlement through the central bank's digital currency bridge and Ant Chain, reducing transaction fees from 3.2% to 0.8% and completing payments in just 8 minutes [4]. - An AI-driven risk control engine replaces manual reviews with intelligent decision-making, enhancing compliance and risk management [5]. Functional Modules - The solution integrates payment, supply chain, and financial services, providing a multi-currency account system that allows real-time settlement in over 20 currencies. This feature has improved fund management efficiency, reducing the number of fund consolidation transactions from 12 to 3 per month and increasing turnover rates by 40% [6][8]. - Dynamic exchange rate management allows businesses to lock in favorable rates, mitigating risks associated with currency fluctuations. For instance, a clothing export company avoided a loss exceeding 2 million yuan by locking in rates during a significant euro depreciation [7]. - Shushangyun offers supply chain financing tools that address cash flow challenges, enabling companies to convert receivables into immediate financing at a cost 60% lower than traditional methods [8]. - The intelligent compliance engine ensures adherence to global regulations, automatically generating necessary reports to avoid penalties, such as a 2 million yuan fine for non-compliance [9]. Industry Adaptability - Shushangyun's solution is tailored to various industries, such as fashion, where it accelerates payment processes to meet the fast-paced supply chain demands, allowing suppliers to receive payments within 2 hours of customs clearance, improving response times by 50% and inventory turnover by 30% [10]. - In the energy sector, the solution addresses risks associated with large transactions and long cycles by integrating payment and hedging services, reducing currency fluctuation losses from an average of 3% to 0.5% [11]. - The platform also adapts to local market needs, particularly in the Middle East, providing localized payment solutions [12]. Implementation Path - The implementation of Shushangyun's solution typically spans 3-6 months, involving steps such as demand diagnosis, system integration with major ERP systems, rigorous testing under high-demand scenarios, and ongoing operational optimization based on data analytics [12][13][14]. Future Outlook - The company is poised to evolve from a payment tool to an essential infrastructure for industries, with plans to participate in digital currency trials, automate settlement processes through smart contracts, and build a decentralized cross-border payment network to challenge existing systems like SWIFT [15][16].

作为针对性的外贸工具,PayKKa的全场景支付解决方案首先打破了地域与币种的限制。其服务覆盖全球190多个国家和 地区,支持15+种主流货币实时结算,不仅包含美元、欧元等国际货币,还深度整合了越南盾、印尼盾、尼日利亚奈拉等新 兴市场小众币种。针对文娱行业的版权交易,其本地收款账户支持合作方以本币直接付款,规避多次换汇带来的汇损,到 账时效提升至T+0,大幅优化资金周转效率。 新兴市场正逐渐成为中国企业出海的重要增量场,尤其是游戏、文娱等新兴服务贸易行业,凭借数字技术的突破,在东南 亚、中东、非洲等地区的市场份额持续扩大。然而,这些市场的跨境支付却常面临多币种结算复杂、合规门槛高、资金 周转慢等难题,成为企业全球化布局的阻碍。跨境支付平台PayKKa凭借全场景支付解决方案、扎实的合规布局、定制 化服务及优惠政策,为企业破解跨境资金管理难题,加速全球化推进的步伐。 新兴市场的服务贸易行业有着独特的支付需求。游戏行业的内购充值多为高频小额交易,需支持本地电子钱包、运营商 代扣等多元支付方式;文娱行业的内容授权费用结算则涉及大额低频交易,对汇率稳定性、到账时效要求更高。同时,不 同市场的监管政策差异显著,例如东南亚部 ...

Group 1 - The core viewpoint of the article highlights a significant increase in China's A-shares on June 23, with major stock indices showing positive performance, particularly in the cross-border payment sector which rose over 5% [1] - The cross-border payment concept sector specifically saw a 5.23% increase, with individual stocks like Youbuxun, Sifang Chuangxin, Jida Zhengyuan, and Hailian Jinhui reaching their daily price limits, and Youbuxun and Sifang Chuangxin recording approximately 20% gains [1] - The launch of the cross-border payment system, connecting mainland China's online payment interbank clearing system with Hong Kong's Fast Payment System, is expected to enhance cross-border payment efficiency and service levels, presenting new opportunities for industry growth and benefiting related listed companies [1] Group 2 - As of the market close on June 23, the Shanghai Composite Index stood at 3,381 points, reflecting a 0.65% increase; the Shenzhen Component Index was at 10,048 points, up 0.43%; and the ChiNext Index reached 2,017 points, gaining 0.39% [1] - The total trading volume in the Shanghai and Shenzhen markets was approximately 11,226 billion RMB, which is an increase of about 549 billion RMB compared to the previous trading day [1]

Core Viewpoint - The article highlights the unexpected rise of "Kongzhong Yunhui," a cross-border payment company, which achieved a valuation of $6.2 billion (approximately 44.6 billion RMB) in the first half of 2025, surpassing many hard-tech companies and becoming the highest-valued startup in China during this period [7][9][10]. Group 1: Company Overview - Kongzhong Yunhui was founded in 2015 and has completed 13 rounds of financing, attracting investments from notable firms such as Sequoia China, Tencent, and Alibaba Entrepreneur Fund [7][12]. - The company focuses on streamlining traditional cross-border financial processes, offering modular services for payment, currency exchange, and account management, primarily targeting B2B clients, especially SMEs [12][13]. - As of March 2025, Kongzhong Yunhui reported an annual revenue of $720 million, a 90% year-on-year increase, and processed over $130 billion in transactions globally [13]. Group 2: Investment and Valuation - In May 2025, Kongzhong Yunhui completed a $300 million Series F financing round, with participation from global investors including Square Peg, DST Global, and Visa Ventures, leading to its valuation increase to $6.2 billion [9][10][12]. - The company has a diverse product matrix, including foreign exchange engines and embedded financial services, which have contributed to its competitive edge in the market [12][13]. - The article notes that domestic investors have played a significant role in the company's funding history, with a total of $1.2 billion raised over the years, indicating strong support from the Chinese investment community [15][16]. Group 3: Founders and Personal Success - Co-founder Liu Yueting has become the wealthiest woman in New Zealand, with a net worth of 3 billion RMB, following her initial investment of $1 million in the company [14][18]. - The founders' backgrounds include significant experience in finance and investment, which has contributed to the company's strategic positioning and growth [18].

Group 1: Core Insights - The rapid rise of stablecoins is expected to transform B2B cross-border trade payments, offering faster transaction times and lower fees compared to traditional methods [1] - Stablecoin applications in global B2B cross-border trade are projected to grow significantly, with a year-on-year increase of 400% from February 2024 to February 2025 [1] - XTransfer plans to launch stablecoin cross-border payment services for overseas enterprises by 2025, anticipating that stablecoin transactions will account for over one-third of total receipts within three years [1] Group 2: Regulatory and Compliance Challenges - As stablecoin usage grows, regulatory frameworks are being strengthened, with the U.S. and Hong Kong implementing anti-money laundering (AML) requirements for stablecoin transactions [2] - The anonymous nature of stablecoins presents challenges for AML compliance, as it complicates the verification of trade backgrounds [2] - Effective collection and analysis of off-chain data related to trade transactions are crucial for addressing AML compliance challenges in stablecoin B2B payments [2] Group 3: Technological Solutions and Innovations - XTransfer is implementing a dual verification mechanism combining on-chain behavior analysis and off-chain trade authenticity verification to enhance AML compliance [3] - The integration of AI technology significantly improves the efficiency of verifying the authenticity of B2B trade backgrounds [4][5] - AI-driven infrastructure allows XTransfer to adapt to the fragmented and high-frequency nature of B2B cross-border trade, ensuring low costs and high accuracy in AML compliance [3] Group 4: Future Trends in Payment Infrastructure - The future of B2B cross-border payments will likely see the emergence of dual-currency wallets that support both fiat and stablecoin transactions [6] - Stablecoins are expected to become a new infrastructure for cross-border trade settlements, although fiat currency will continue to play a significant role [6] - XTransfer aims to educate trade enterprises about stablecoin payments to alleviate concerns regarding security and compliance [6] Group 5: Industry Transformation - Stablecoins are reshaping the B2B cross-border trade payment ecosystem, representing not just a technological upgrade but a shift in business models [7] - The core competitive advantage for B2B payment institutions will increasingly focus on AML compliance rather than merely transferring funds [7] - XTransfer is prepared to lead this transformation, positioning itself as a provider of efficient and compliant cross-border payment infrastructure for small and medium-sized enterprises [7]

资料显示，连连国际是连连数字旗下跨境⽀付核⼼品牌。截至目前，连连数字已获包括美国全境⽀付相关牌照在 内的65项⽀付牌照及相关资质，提供服务范围覆盖超过100个国家及地区并支持使用超过130种货币进行交易，累 计服务客户数量超590万家，是中国率先在全球范围内提供⼴泛⽀付解决⽅案的数字科技公司之一。 Waffo是全球领先的⽀付基础设施提供商，通过单⼀API集成为全球数字企业(游戏出海、AI 出海、短剧出海、线 上内容)解锁本地全球50+地区和350+种⽀付⽅式。公司已筹集1300万美元股权融资，获得PCI DSS v4.0服务提供 商Level 1认证，持有⾹港MSO牌照。 此次合作深度融合了双方的核心优势。连连数字依托其广泛的全球牌照布局、强大的合作方网络，以及深厚的服 务经验，为合作奠定了坚实基础。Waffo则以其广泛的本地支付覆盖、高支付成功率、平台稳定性和领先的风控技 术提供有力支持。 通过支付能力的整合，连连国际的商户将能为终端消费者提供高度本地化的支付选择，例如中国台湾地区的 JKOPay、日本地区的PayPay和Konbini、东南亚的ZaloPay、拉美的Boleto现金支付等。这不仅将大幅提升 ...

Core Viewpoint - The Shanghai Free Trade Zone (FTZ) continues to play a pioneering role in deepening the alignment with international high-standard economic and trade rules, exploring a "deep water zone" for institutional opening [2][16]. Group 1: Establishment of the Shanghai International Reinsurance Registration Trading Center - The Shanghai International Reinsurance Registration Trading Center, launched in June 2023, is China's first national-level reinsurance trading platform, marking a significant achievement in the institutional opening of the reinsurance industry [2][3]. - The establishment of the center reflects the broader institutional innovation and expansion of openness within the Shanghai FTZ, with 80 pilot measures already implemented [3]. Group 2: Data Cross-Border Flow and Compliance - The Shanghai FTZ has prioritized the implementation of high-standard digital trade rules, focusing on data cross-border flow, sharing, and governance, which are crucial for the development of China's digital economy [4]. - A negative list for data exit management was released in February 2024, providing compliance guidance for enterprises in finance, shipping, and commerce, covering 84 data items across six scenarios [4][5]. - The combination of a negative list and scenario-based guidelines has created an effective data exit compliance mechanism, reducing compliance costs and improving efficiency for enterprises [5]. Group 3: International Data Cooperation and Innovation - The Lingang New Area is actively promoting the construction of international data centers and developing new business models focused on data processing and governance services [7]. - The Shanghai Data Exchange is working to establish itself as a key hub for global data element allocation, facilitating cross-border data flow and cooperation between domestic and international enterprises [8]. Group 4: Financial Services Expansion - The Shanghai FTZ aims to accelerate the opening of financial services, addressing the challenges faced by the reinsurance market, which has historically been small and underdeveloped [9]. - The Shanghai International Reinsurance Registration Trading Center is set to enhance the efficiency of reinsurance transactions by standardizing documentation and utilizing blockchain technology [10][11]. Group 5: Trade Facilitation and Growth - The implementation of the "direct release" regulatory model in the Yangshan Special Comprehensive Bonded Zone has significantly improved customs clearance efficiency, leading to a substantial increase in automobile roll-on/roll-off transport volumes [13][14]. - The total import and export value of the Shanghai FTZ exceeded 1.1 trillion yuan in the first half of the year, accounting for a quarter of the total FTZ import and export value in the country [15].