Core Viewpoint - The cross-border payment industry is entering a new phase characterized by a significant trend of "going global," with companies actively seeking overseas licenses to enhance their competitive edge in the market [1][3][4]. Group 1: License Acquisition - CoGoLinks International has officially obtained a "money service license" in the UAE, allowing it to operate payment accounts, process transactions, and issue payment tools [3][4]. - The company is the first Chinese cross-border payment platform to receive a formal payment license in the UAE, which is a key financial and trade hub in the Middle East [3][4]. - CoGoLinks has also secured licenses in Hong Kong, the US, and is in the process of preparing for a large payment institution license in Singapore [4][5]. Group 2: Market Trends - The competition among payment institutions has shifted from a "channel war" to a "license arms race," with firms intensively applying for and acquiring licenses globally [4][5]. - Major players like LianLian Digital and PingPong hold numerous licenses across various markets, indicating a trend towards building a robust compliance foundation [4][5]. - The focus of license acquisition is on mature markets like Europe and the US, as well as emerging markets in Southeast Asia and the Middle East [5][8]. Group 3: Business Expansion - Payment institutions are diversifying their services beyond simple payment processing to include local acquiring, multi-currency settlement, and foreign exchange management [7][8]. - CoGoLinks has developed a product suite that combines platform collection, foreign trade collection, and service trade collection, enhancing its service capabilities [7][8]. - The target clientele for these institutions includes both Chinese enterprises going abroad and local consumers in foreign markets [7][8]. Group 4: Challenges and Considerations - Obtaining overseas licenses is complex and time-consuming, often requiring extensive communication with local regulators and a deep understanding of market conditions [8][9]. - Companies face challenges such as differing regulatory policies and cultural nuances, which can complicate the license application process [9][10]. - There is a risk of license revocation if market performance metrics are not met within specified timeframes after obtaining the license [10][11]. Group 5: Future Outlook - The next phase of competition in cross-border payments will focus on comprehensive service capabilities and compliance technology, moving beyond mere license acquisition [11]. - Companies are encouraged to transform into comprehensive service providers that address the integrated needs of businesses, including fund management and local compliance [11]. - The growth potential for payment institutions that leverage technology and provide seamless, value-added services is expected to be significant in the evolving market landscape [11].

内地与香港快速支付系统实现互联互通，跨境二维码统一网关上线试运行，中国—印尼跨境二维码互联 互通项目启动……近期，我国支付领域取得新进展，不少开放互联成果引人关注。 "互联互通"缘何成为支付行业关注的焦点？ "构建开放互联生态已成为全球支付产业的发展共识和最优实践。"中国人民银行副行长陆磊日前在第十 四届中国支付清算论坛上表示，互联互通是解决支付痛点、实现产业高质量发展的必要途径。 当前，我国支付产业处于从高速发展向高质量发展持续转变的关键阶段。 中国银联董事长董俊峰在论坛上表示，在新发展阶段下，只有破壁互联，才能让数据、资本、技术等核 心要素在网络中高效配置、有序流转，实现我国支付产业从"大"到"强"的跃升。 不过，一些问题阻碍着行业高质量发展的进程，例如，产业集中度较高、不同网络之间互联互通不充 分、业务规则和标准兼容性不足等。 就拿跨境支付来说，随着引入的境外钱包越来越多，境内一些合作机构也逐渐暴露出标准不一、重复建 设等问题。这不仅会影响支付体验，也不利于发挥我国支付产业的整体合力。 在此次论坛上，不少与会专家认为，互联互通是破解行业问题的重要突破口。 7月底，中国人民银行指导中国支付清算协会和中国银 ...

Core Viewpoint - The Chinese offline mobile payment market is evolving from a single form to a multi-dimensional stage, with the introduction of "tap to pay" technology competing alongside QR code payments, as companies look to expand into overseas markets due to domestic saturation [2][9]. Group 1: Market Evolution - The "tap to pay" technology, based on NFC (Near Field Communication), has gained significant traction, with over 200 million users reported within a year of its launch in June 2024 [3][11]. - The mobile payment landscape in China has shifted dramatically since the introduction of QR code payments, which became dominant after the People's Bank of China recognized their compliance in 2016 [3][4]. - In 2016, the transaction volume for third-party mobile payments reached approximately 38 trillion RMB, significantly outpacing the U.S. market [3]. Group 2: Competitive Landscape - The competition between Alipay and WeChat Pay has intensified, with market shares shifting dramatically from a 70-30 split in favor of Alipay at the end of 2015 to a near reversal by the end of 2016 [4][27]. - WeChat Pay has maintained a strong presence in offline payment scenarios due to its integration with social media, while Alipay is now attempting to regain lost market share through the promotion of "tap to pay" [6][24]. - The introduction of "tap to pay" is seen as a strategic move by Alipay to counter WeChat's competitive pressure and to better position itself in international markets [9][47]. Group 3: User Experience and Adoption - "Tap to pay" offers a more streamlined user experience, reducing transaction time to 3-5 seconds compared to 15-30 seconds for QR code payments, which may enhance user adoption [6][13][20]. - The rapid adoption of "tap to pay" is attributed to the increasing prevalence of NFC-enabled smartphones, with projections indicating that by 2024, 70% of sold smartphones will support NFC [16][17]. - Despite the advantages of "tap to pay," QR code payments remain deeply ingrained in consumer habits, with a penetration rate of 92.7% for QR code payments among users [21]. Group 4: Future Outlook - The global mobile payment market is expected to grow at a rate of 20% annually, potentially exceeding $30 trillion by 2026, prompting Chinese payment giants to seek opportunities abroad [9][45]. - Alipay's "tap to pay" is anticipated to align better with international payment habits, providing a competitive edge in overseas markets [47]. - The coexistence of multiple payment methods, including QR code and "tap to pay," is likely to create a dynamic market where both can thrive, catering to different user preferences and scenarios [33][32].

Core Insights - The article discusses the rapid adoption of Alipay's "Tap to Pay" feature, which utilizes NFC technology, highlighting its user base exceeding 200 million and its presence in over 1,000 scenarios [1][2][4] - The growth of "Tap to Pay" is attributed to substantial subsidies and the maturity of NFC technology, with a current penetration rate of 70% among smartphones in China [2][5] - The article contrasts the efficiency of "Tap to Pay" with traditional QR code payments, noting that the former reduces payment steps and time significantly [8][9] Group 1: Adoption and Growth - Alipay's "Tap to Pay" has seen a user base growth of 1 million users in just four months, doubling the previous growth rate [2][4] - Nearly 100 million users have engaged with at least two "Tap to Pay" services, indicating widespread acceptance [4][5] - The feature has been integrated into various services, including food ordering, package collection, and shared bike rentals, showcasing its versatility [4][5] Group 2: Technology and User Experience - NFC technology allows for a more seamless payment experience, requiring only a tap rather than multiple steps involved in QR code payments [8][12] - The article emphasizes that "Tap to Pay" is not just a new payment method but an upgrade in user experience, leveraging existing user habits with smartphones [5][12] - Despite the advantages, there are still concerns regarding user comfort with new technology, particularly among older demographics [13][16] Group 3: Competitive Landscape - The rise of "Tap to Pay" is part of a broader trend of diverse payment methods competing in the market, including QR codes, facial recognition, and biometric payments [14][15] - The article notes that while "Tap to Pay" is gaining traction, QR code payments remain dominant, with a penetration rate of 92.7% among mobile payment users [6][14] - The competition among payment methods reflects a shift from functionality to user experience, as companies strive to enhance customer satisfaction [16][17]

Core Insights - The recent advancements in China's payment sector include the interconnection of mainland and Hong Kong rapid payment systems, the trial launch of a unified cross-border QR code gateway, and the initiation of a cross-border QR code interconnection project with Indonesia [1][2] Group 1: Industry Development - The concept of "interconnection" has become a focal point in the payment industry, as it is seen as essential for addressing payment pain points and achieving high-quality industrial development [2] - The payment industry in China is transitioning from rapid growth to a phase of high-quality development, with a consensus on the need for an open and interconnected ecosystem [2][4] - Challenges such as high industry concentration, insufficient interconnectivity between different networks, and compatibility issues with business rules and standards are hindering high-quality development [2][3] Group 2: Technological Innovation - New technologies are pivotal in reshaping the payment industry landscape and driving industrial upgrades, with innovations in identity recognition, big data, and blockchain enhancing efficiency and reducing costs [4][5] - The recent peak transaction volume on the Netlink platform reached 3.71 billion transactions in a single day, highlighting the need for robust technological support for high transaction volumes [4] Group 3: Risk Management and Compliance - The acceleration of global payment network interconnectivity has increased risks such as information leakage and fraud, prompting the need for enhanced risk management through technology and data [6] - The People's Bank of China is committed to establishing a digital regulatory framework to improve non-site regulatory capabilities and ensure early identification and management of payment risks [6] - Recent actions by financial regulatory bodies have led to the cancellation of 2,280 outsourcing service institutions, promoting a competitive market environment [6]

有业内人士预计，跨境二维码统一网关支持下的若干新合作将很快落地。合作将帮助更多海外商旅人 士"一个钱包游遍中国"，繁荣旅游经济，促进经济和文化交流。 9月17日，继人民银行副行长陆磊首次透露跨境二维码统一网关（以下简称"统一网关"）进展，微信支 付、支付宝等多家支付机构官宣，已接入跨境二维码统一网关，并将进一步支持更多的境外钱包在华使 用，以提高外籍来华人员在境内支付的便利度。 据了解，统一网关作为跨境支付基础设施，坚持公共性、包容性、普惠性原则，支持符合条件的市场机 构，接入开展跨境二维码支付业务。统一网关已于7月底上线试运行，有效解决了"外包内用"多头连接 等技术问题。人民银行数据显示，截至9月11日，统一网关办理的业务达到了198.1万笔，金额4.27亿 元。 腾讯宣布，将通过统一网关进一步开放微信支付"外包内用"服务，支持更多境外钱包在中国境内通过微 信支付二维码支付。支付宝则指出，蚂蚁集团"外包内用"业务随统一网关成功上线试运行，未来将继续 加大投入。 据介绍，蚂蚁国际旗下全球整合钱包网关服务Alipay+持续拓展全球合作生态。截至目前，已与亚太地 区为主的全球36个电子钱包和8个国家级二维码网络达 ...

【深圳商报讯】（首席记者 谢惠茜）持牌支付机构因擅自变更高管被罚。近日，中国人民银行贵州省 分行最新罚单显示，持牌支付机构贵州汇联通支付服务有限公司（下称"汇联通支付"）因变更监事、高 级管理人员，未经中国人民银行贵州省分行批准被警告、通报批评并被罚款10万元。与此同时，时任贵 州汇联通支付服务有限公司法定代表人陈某因对汇联通支付上述违法行为负有责任被处以罚款5万元。 "这确实为业内敲响了警钟。说明《非金融机构支付服务管理办法》的相关要求已成为支付行业的绝对 红线，此次汇联通支付因高管变更未经审批而被罚提醒所有持牌机构，合规不仅体现在反洗钱、资金安 全等操作层面，更应贯穿于公司治理的全过程。"博通咨询首席分析师王蓬博在接受记者采访时表示。 公开资料显示，汇联通支付于2011年获中国人民银行颁发的支付牌照，可开展预付卡发行与受理业务。 其为贵州黔通智联科技股份有限公司全资子公司，隶属于贵州高速公路集团。从官方微信公众号来看， 汇联通支付主要运营购物商城小程序，并承担ETC办理、加油卡售卖等业务，服务用户群体为贵州省工 会会员等。 记者注意到，2024年7月施行的《非银行支付机构监督管理条例实施细则》显示，非银行 ...

Payoneer派安盈：支持多种货币收款，其"全球账户"体系可实现多币种统一管理。通过"橄榄枝计划"等 为企业提供快速入驻、运营指导等支持，还提供多语言客服、本地化支付解决方案等增值服务。 在以上的外贸收款平台中，我更推荐的是PingPong，与其他收款平台对比，具备以下明显优势： (1)20大本地币种，覆盖欧美、日韩等主流市场，以及东南亚、拉美、中东等新兴市场，买家无须换 汇，0中间行手续费，与当地银行合作，买家更信任，谈单更易成交 做外贸出口资金流最关键，而境外的钱想回来，离不开趁手的跨境支付工具。PingPong、Payoneer派安 盈、万里汇WorldFirst、XTransfer、连连支付等都是比较好的外贸收款平台，企业可根据自身需求选 择： PingPong：支持货物贸易、服务贸易等多场景收款，0开户费、0管理费、0入账费，拥有30+主流币种、 20大本地账户，快至秒级到账，覆盖东南亚、非洲、拉美、中东等新兴市场;60+全球牌照及资质，规避 冻卡、资金冻结等难题。围绕外贸企业的多样化需求，PingPong支持买家信用卡、信用证、电子钱包付 款，并提供超优实时汇率兑换，对公账户、个人账户提现与付款 ...

本报讯 （记者李冰）9月16日，由中国支付清算协会举办的第十四届"中国支付清算论坛"在北京召开。 论坛上，中国人民银行副行长陆磊首次透露"跨境二维码统一网关"进展。为进一步提高跨境支付效率， 满足境外用户来华高效、便捷的移动支付需求，将支持境内外参与机构通过"跨境二维码统一网关"开展 跨境支付合作，加快推进跨境二维码支付互联互通，提升跨境支付体验。 腾讯公司副总裁、财付通总经理郑浩剑表示："我们全力参与'跨境二维码统一网关'建设，在近年来微 信支付持续升级'外卡内绑'、'外包内用'服务的基础上，通过'跨境二维码统一网关'接入更多境外钱包， 进一步提升跨境支付效率与体验。" 据介绍，"统一网关"是在中国人民银行指导下，由中国支付清算协会牵头建设，支持境内外机构通 过"一点对接"开展跨境二维码支付合作，为其提供统一技术接口、跨境交易信息转接分发、交易监测与 分析等服务的跨境支付基础设施。 微信支付方面表示，未来微信支付还将与更多境外钱包机构合作上线"外包内用"服务，既便利更多外籍 人员体验中国，也帮助中国商户打开更广阔的国际化市场。 论坛上，腾讯宣布将通过"跨境二维码统一网关"进一步开放微信支付"外包内用"服务， ...

Group 1 - CoGoLinks has obtained a payment business license in the UAE, becoming the first Chinese cross-border payment platform to do so [1] - The UAE's e-commerce market is projected to grow from 32.3 billion AED (approximately 8.8 billion USD) in 2024 to over 50.6 billion AED (approximately 13.8 billion USD) by 2029, with a compound annual growth rate of 56% [1] - The UAE's free trade zone policies, including zero corporate income tax and 100% foreign ownership, enhance its attractiveness for cross-border e-commerce and payment services [2] Group 2 - The UAE's Ministry of Economy has launched the "Free Zone Strategy 2030" and "Digital Economy Strategy 2025," further strengthening the region's appeal for cross-border payment services [2] - The process of obtaining payment licenses varies by country, with significant regulatory and cultural differences posing challenges for companies [2] - Several payment institutions, including Payoneer and PingPong, have announced obtaining overseas licenses this year, indicating a trend of Chinese payment companies expanding internationally [3]