Summary of Cross-Border Payment Industry Conference Call Industry Overview - The cross-border payment market consists of B2C and B2B segments, with B2C primarily serving Chinese merchants on e-commerce platforms like Amazon and Shopee, and B2B targeting small and medium-sized foreign trade enterprises [1][2] - Major players in the B2C segment include LianLian Digital, PingPong Payments, and others, with a combined transaction volume nearing $150 billion [1][2] - XTransfer leads the B2B segment with an annual transaction volume of $30-40 billion, while other companies also report significant volumes [1][2] Market Growth and Opportunities - The cross-border payment market in China is projected to exceed 7.5 trillion RMB in transaction volume (TPV) by 2024, with an expected annual growth rate of over 25% from 2022 to 2027 [2] - The global B2B e-commerce trade is expected to grow at a CAGR of over 15%, while B2C is projected to grow at over 10% from 2022 to 2026 [4] - China's export volume is anticipated to approach 47 trillion RMB by 2027, with a growth rate exceeding 10% [4] Business Models and Fee Structures - B2C companies link payment services directly to e-commerce platforms, while B2B companies open virtual accounts for SMEs in foreign banks, earning revenue from exchange rate spreads [3] - The average fee rate in the industry is around 0.3%, which has stabilized after a decline from approximately 0.4% two to three years ago [3] Unique Value Proposition of Cross-Border Payment Providers - Cross-border payment service providers offer efficient, secure, and low-cost solutions for SMEs, addressing their challenges in obtaining bank support [5] - Traditional banks impose high costs and lengthy processes, making cross-border payment providers a more viable option for small enterprises [5] Current Trends and Future Directions - The market is rapidly evolving, with increasing demand from SMEs and cross-border e-commerce [6] - Cross-border payment providers are expected to expand their market size and opportunities as more SMEs enter international markets [6] Development of RMB Cross-Border Payment Systems - China is actively developing RMB-centric cross-border payment systems like CIPS to reduce reliance on the SWIFT system, enhancing efficiency and lowering costs [7] - Initiatives like the "Cross-Border Wealth Management Connect" in Hong Kong facilitate real-time cross-border remittances, indicating a significant opportunity for RMB internationalization [7] Impact of Stablecoins on Cross-Border Payments - Stablecoins are set to revolutionize traditional cross-border payment models by enabling real-time settlements and significantly reducing costs [8] - Payment service providers must adapt to this new environment while continuing to offer essential services [8] Adjustments Needed by Payment Service Providers - Providers need to upgrade their technology to support new RMB settlement methods and stablecoin transactions, ensuring compliance and security [9] - They must continue to offer efficient, low-cost services to meet diverse client needs [9] Merchant Preferences in Payment Solutions - Merchants prioritize the convenience and integration of payment solutions over the specifics of the settlement process [10] - The potential reduction in fees due to stablecoin adoption could provide significant cost savings for merchants [10] Leading Companies in Cross-Border Payment - Notable companies in the cross-border payment sector include LianLian Digital, Newland, and Lakala, each with distinct business strategies and market positions [12][14][17] - LianLian Digital has obtained 65 global payment licenses, with a transaction volume of 3.3 trillion RMB, while Lakala's Skyee brand serves over 120,000 clients with a transaction volume of 49.2 billion RMB [14][17] Conclusion - The cross-border payment industry is poised for significant growth driven by e-commerce expansion, technological advancements, and evolving consumer preferences, presenting ample opportunities for established and emerging players alike [1][4][6]

8月14日，美国知名跨境支付公司Payoneer派安盈（下称"派安盈"）(纳斯达克股票代码：PAYO)在官微 上披露2025年第二季度财务业绩。据该公司披露数据，Payoneer派安盈本季度交易量同比增长11%，达 到近210亿美元。其中营业收入达2.61亿美元，同比增长9%。 值得注意的是，今年4月派安盈已成功收购中国持牌支付机构——易联支付有限公司（下称"易联支 付"），基于本次收购，派安盈成为第三家获准在中国市场提供在线支付服务的外资支付平台。 季度交易量同比增幅两位数 大中华区市场业绩保持领先 派安盈2025年第二季度财务业绩整体呈现稳健增长态势。财报显示，派安盈本季度交易量同比增长 11%，达到近210亿美元。其中营业收入达2.61亿美元，同比增长9%；中小企业客户继续作为核心增长 驱动，贡献1.83亿美元，同比增长18%，具体包括：B2C电商平台业务营业收入1.16亿美元，同比增长 8%；B2B业务贡献营业收入5800万美元，同比增长37%；Checkout收单业务营业收入900万美元，同比 增长86%。 派安盈首席执行官JohnCaplan表示："得益于中小企业客户业务保持强劲增长，我们再次交出 ...

截至8月14日收盘，跨境支付(CIPS)概念上涨0.67%，位居概念板块涨幅第5，板块内，35股上涨，吉大 正元、京北方等涨停，四方精创、新国都、普联软件等涨幅居前，分别上涨15.29%、6.68%、5.42%。 跌幅居前的有凯撒旅业、零点有数、亚信安全等，分别下跌4.81%、3.95%、3.92%。 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 电子身份证 | 1.44 | 兵装重组概念 | -4.69 | | 芬太尼 | 1.24 | 中船系 | -4.10 | | 脑机接口 | 0.92 | 房屋检测 | -3.26 | | 数字货币 | 0.74 | 共封装光学(CPO) | -3.07 | | 跨境支付(CIPS) | 0.67 | 特钢概念 | -3.04 | | 移动支付 | 0.48 | 成飞概念 | -2.98 | | 蚂蚁金服概念 | -0.01 | PET铜箔 | -2.95 | | 高压氧舱 | -0.04 | 太赫兹 | -2.85 | | 期货概念 | -0.20 | F5G概念 | -2.83 | | ...

（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%。 ...

8月12日，《财富》发布了2025年"中国40位40岁以下的商界精英"榜单(以下简称"榜单")。Airwallex空中 云汇联合创始人兼总裁刘月婷(Lucy Liu)成功入选本次榜单。同一时间上榜的，还有Deepseek、泡泡玛 特、赛力斯、宇树科技、富士康等国内人工智能、大健康、绿色科技、新消费、智能制造领域前沿创新 企业的领导人。 自2011年，由《财富》发起的"中国40位40岁以下的商界精英"榜单已连续发布15年，该榜单为年轻商业 力量而设立，意在发现当下中国最具影响力的年轻领导者。《财富》编辑部在榜单中写道："正是这些 年轻人们引领中国商业的变化，他们也正在影响世界。" 据悉，今年的榜单上榜者平均年龄约为36岁。时年34岁的刘月婷以女性身份在男性主导的金融科技领域 崛起，首次入选该榜单。这一荣誉充分展现了《财富》对其卓越领导力的认可，和对Airwallex空中云汇 商业价值的肯定。 在全球AI浪潮下，AI重塑金融业正在成为趋势。作为一家金融科技公司的联合创始人，刘月婷表示早 在创业初期公司就已关注算法与AI相关的应用。她表达了自身的思考——通过AI一方面可以帮助公司 提升运营效率，另一方面，支付领域涉 ...

央视网消息：自7月1日暑运以来，上海口岸出入境人员数量持续高位运行，日均出入境人员数量达12.9万人次，较去年同期增长超14%。其中，8月9 日，上海口岸出入境人员总数达15.7万人次，创今年以来单日出入境人员数量最高纪录。 今年6月，越南首家银行成功接入中国银联跨境支付网络，解决了现金兑换复杂和银行卡兼容性差的难题。云南红河州河口瑶族自治县通过数字化转 型，推动了边民互市、跨境旅游和商贸往来的发展，进一步促进了暑期客流的持续增长。 在中越边境的河口口岸，越南游客阮乔月娥正在一家特产商店用手机扫码支付。伴随着手机的"嘀"声，一笔跨境交易瞬间完成。 支付壁垒的消除推动了跨境文旅消费的升温。据统计，自今年6月中越跨境支付互联互通机制实施以来，截至8月11日，河口口岸的出入境人员已达99.6 万人次，同比增长8.2%。与此同时，通过河口口岸的外国旅游团达2077个，数量大幅增长。为应对日益增长的客流，河口出入境边防检查站推出了一系列 便利化举措：包含外国人入境卡自助填单系统，开设跨境旅游团"网上预申报"通道，并增设专用查验窗口，确保旅客能够顺畅"快通关、快支付"。 暑运期间，国内外旅游市场不断升温，家庭亲子游、暑期 ...

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 ...

中新社北京6月23日电 (记者 陈康亮)中国A股23日(周一)放量上涨，主要股指悉数飘红。板块方 面，当天跨境支付概念板块涨逾5%，表现亮眼。 根据金融数据服务商东方财富的统计，当天跨境支付概念板块上涨5.23%，涨幅居前。个股方面， 优博讯、四方精创、吉大正元、海联金汇等多股股价收获涨停板；其中，优博讯、四方精创录得约20% 的涨幅。 开源证券分析师陈宝健表示，相较于传统跨境汇款，内地与香港间的跨境支付通有效缩短了跨境汇 款链路，有利于提升两地跨境支付效率和服务水平，为行业发展带来新机遇，利好相关上市公司。 就指数表现而言，截至当天收盘，上证指数报3381点，涨幅为0.65%；深证成指报10048点，涨幅 为0.43%；创业板指报2017点，涨0.39%。沪深两市成交总额约11226亿元人民币，较上一个交易日放量 约549亿元人民币。 责任编辑：袁浩 消息面上，近日，内地与香港快速支付系统互联互通(下称"跨境支付通")上线运行。据中国人民银 行、香港金融管理局的联合公告，跨境支付通是指通过内地网上支付跨行清算系统与香港快速支付系 统"转数快"连接，在遵从两地相关法律法规的前提下，为两地居民提供实时跨境支付服 ...

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].