Core Insights - The 138th Canton Fair opened on October 15, showcasing significant growth in emerging market transaction volumes, projected to reach a 300% increase by the first half of 2025 [2][6] - The General Administration of Customs reported that China's goods trade export value reached 19.95 trillion yuan in the first three quarters of this year, marking a 7.1% year-on-year increase, with notable growth in exports to ASEAN, Africa, and Central Asia [2] Group 1: Emerging Market Growth - Emerging markets are experiencing a robust increase in transaction volumes, driven by a transformation in global trade dynamics [6] - Cross-border sellers are leveraging digital tools to enhance their operational resilience, with 90% of WorldFirst sellers utilizing AI technologies for various business functions [6][4] Group 2: Cross-Border Trade Support - WorldFirst's "Cross-Border Trade Protection Plan" was launched to assist small and medium-sized foreign trade enterprises in managing global funds efficiently through digital technology [7][9] - The plan has already served tens of thousands of Chinese cross-border SMEs, with a nearly 40% year-on-year increase in new users for B2B business from January to August 2025 [9] Group 3: Compliance and Risk Management - As compliance requirements become more complex, 43% of cross-border sellers anticipate facing higher compliance costs, indicating a growing need for effective risk management solutions [10] - The upgraded "Cross-Border Trade Protection Plan" focuses on compliance safety, intelligent services, and efficient fund circulation to address challenges in payment, customs declaration, and foreign exchange [10][16] Group 4: Technological Integration - The plan incorporates AI technology to optimize customer service, achieving 100% 24/7 service availability, with 85% of customer inquiries resolved within minutes [13] - Local product capabilities in emerging markets have been strengthened, allowing for direct payments in local currencies, which helps sellers mitigate cross-border exchange losses [14] Group 5: Strategic Partnerships - The plan will collaborate with various partners to establish a "Foreign Trade Compliance Protection Alliance," aimed at building a secure ecological network for cooperative development [16] - This initiative is designed to enhance the compliance capabilities of foreign trade enterprises, turning compliance pressures into competitive advantages [16]

Core Insights - The mobile payment sector showcased strong performance at the recent Canton Fair, with platforms like Wanlihui, Alipay, and WeChat Pay addressing global payment challenges for merchants [2][3] - Cross-border e-commerce faces significant payment challenges, including currency conversion delays and compliance with foreign platform requirements, impacting cash flow for businesses [3][4] - The fragmented nature of global cross-border payments is attributed to varying payment systems, technical standards, and regulatory frameworks across countries, leading to inefficiencies and high costs [3][4] Payment Challenges - Cross-border e-commerce sellers encounter three main challenges: compliance with foreign exchange regulations, limited payment channels, and high transaction costs due to currency fluctuations [4] - A Shenzhen-based foreign trade factory nearly lost orders due to its inability to accept local currencies from Southeast Asian buyers, highlighting the need for localized payment solutions [3][4] Innovations in Cross-Border Payments - Platforms are innovating to enhance cross-border payment solutions, with Wanlihui launching a "Cross-Border Trade Protection Plan" to address issues like payment channel transparency and compliance [5] - Global E-Payment is expanding its Payful platform to include local accounts and rapid settlement options in Africa and Latin America, while also introducing a new virtual card for multi-currency payments [6] - PingPong and Huifu International are focusing on localized payment solutions and automated processes to streamline cross-border transactions for various industries [6] Enhancements in Domestic Payment Experience - Alipay and WeChat Pay are improving payment experiences for foreign consumers at the Canton Fair, with services like quick tax refunds and international card binding [7] - The integration of multiple foreign card payment options in public transport systems in Guangzhou demonstrates the push towards seamless payment experiences for both domestic and international users [7] - The digital upgrades in mobile payment systems are meeting the needs for security, efficiency, and convenience in both cross-border trade and local consumer transactions [7]