What are the overseas payment platforms? Introduction to overseas platforms

Due to the continuous development of technology, many people now prefer to buy products online rather than offline. This trend has also attracted a group of people to open online stores to realize their entrepreneurial dreams. So what are the overseas payment platforms?

What are the overseas payment platforms?

1. Tenpay. Tenpay is China's earliest leading payment platform and one of the first large-scale professional third-party payment companies to obtain the "Payment Business License" from the People's Bank of China. It has long been committed to providing safe, convenient and professional payment services to Internet users and various enterprises. At present, Tenpay's payment business types include online payment, bank card acquiring and cross-border payment. Its customer types include individual customers and merchants, and its business scope covers the whole country. The main application scenario of Tenpay's cross-border payment and international business is cross-border e-commerce foreign exchange payment business.

2. LianLian Cross-border Payment. LianLian Payment is the master of domestic payment collection in China. Many domestic payment channels are owned by LianLian’s parent company. With the growth of the cross-border e-commerce capital market, LianLian has emerged as a company dedicated to developing cross-border payment collection. As of the end of June 2018, LianLian Payment has served more than 300,000 cross-border e-commerce sellers in China. In the first half of this year, the cross-border payment transaction volume exceeded RMB 20 billion, making it the largest payment company in China in terms of cross-border payment transaction volume.

3. Baofu. Baofu Network Technology (Shanghai) Co., Ltd. was established in 2011 and is a third-party payment company under Mandao Financial Services. In the same year, it was awarded the "Payment Business License" issued by the People's Bank of China. With its leading R&D strength and innovation capabilities, Baofu focuses on the fields of electronic payment and big finance. In 2017, Baofu's annual transaction volume exceeded 1.5 trillion. According to the Internet Payment 2018Q2 quarterly report released by Analysys, Baofu's market share rose to 7.02%, continuing to maintain the fourth place.

4. Pingpong. PingPong Finance is the first cross-border payment platform in China established in 2014, focusing on providing Amazon payment services for Chinese cross-border e-commerce. It is regulated by the Chinese and US governments, holds a payment license in the United States, has cooperation with the four major banks in China, and is regulated by both China and the United States. It is relatively safe.

5. UMPAY. UMPAY is a joint venture between China Mobile and China UnionPay launched by Liandong Advantage. In 2017, it obtained the People's Bank of China's "Payment Business License" (Internet payment, mobile phone payment, bank card acquiring business nationwide) and the People's Bank of China's cross-border RMB payment pilot license. The main businesses include RMB collection and foreign currency, RMB settlement, cross-border financial services, mobile marketing and other value-added services.

6. Alipay International. Alipay International Account is an international payment product owned by Alipay (China) Network Technology Co., Ltd. It is mainly a fund account management system established for domestic users engaged in cross-border transactions (Secure Payment orders).

The above is an introduction to some of the most commonly used cross-border payment platforms. Friends who want to do cross-border e-commerce can make relevant understandings and open cross-border payment accounts.