Core Insights - The article highlights the challenges faced by businesses in cross-border payments as they expand into new markets, particularly in Latin America and Southeast Asia, where local currency payment requirements and unfamiliar payment methods complicate transactions [1][2] - PhotonPay has upgraded its global distribution capabilities by adding payment channels to over 73 countries and regions, supporting 11 local currencies and 27 popular local e-wallets, enhancing the efficiency of cross-border transactions [1][2][4] Group 1: Market Expansion Challenges - Businesses are experiencing difficulties with local currency payment demands and unfamiliar payment methods in new markets, which hinder their global expansion efforts [1][2] - The complexity of cross-border payments creates a "blind box" situation for companies, making it difficult to predict transaction outcomes and manage cash flow effectively [1] Group 2: PhotonPay's Solutions - PhotonPay has expanded its payment options to over 230 countries and regions, supporting more than 60 mainstream currencies, which facilitates easier market entry for businesses [2][3] - The company holds multiple financial licenses across various countries, allowing businesses to operate compliantly without building their own payment networks from scratch [3] Group 3: Local Payment Methods - PhotonPay supports 27 mainstream e-wallets, such as GCash and MoMo, which are preferred by local users in Southeast Asia, enhancing acceptance and trust in transactions [4][5][6] - The use of local e-wallets allows for faster transactions, with real-time processing capabilities that significantly reduce payment costs and improve the overall payment experience [6][7] Group 4: Efficiency in Cross-Border Payments - Traditional cross-border payments often take 3 to 7 business days, which can hinder cash flow and supply chain stability; PhotonPay aims to address these issues through technological innovations [7][8] - By partnering with major banks and local payment institutions, PhotonPay enhances payment efficiency and stability, enabling businesses to respond quickly to market demands [7][8] Group 5: Conclusion and Vision - PhotonPay's recent upgrades represent a significant advancement in digital financial infrastructure, offering tailored payment solutions that meet diverse business needs in various market stages [8][9] - The company's goal is to eliminate geographical barriers in cross-border payments, providing a localized payment experience for global commerce [9]