Cross-border payments are considered by some third party payment agencies to be the next strategic layout point

This has to do with the state's attitude towards third party payments this year. In March, the central bank issued the "People's Bank of China on the risk of credit card" bulletin, that the eight mainstream payment companies to the merchant audit is not strict, the request of the world, yeepay payments, such as third-party payment agencies nationwide within the line to receive a single business stop access to new businesses.

Third-party payment agencies have to find new business growth points, to upgrade, such as in the original payment on the basis of overlapping marketing, financial and other value-added services. As a potential business growth point, cross-border renminbi payments have been closely watched by Third-party pay agencies.

As early as 2007, Alipay and Tenpay tried to co-operate with banks and international third-party payment agencies to test water cross-border payments. Since 2012, Alipay, Tenpay, respectively, with MasterCard's Datacash group and world-renowned electronic payment providers CyberSource, Asiapay to develop cross-border payment business, to provide users with international payment solutions. UnionPay Electronic Payment (ChinaPay) cross-border RMB payment business was launched in February this year, with a total of 100 overseas businesses, involving the United States, Hong Kong, Japan, Taiwan and other countries and regions, the main business covers Cross-border merchandise retailing, tourism services, software sales and Company registration services and other industries.

However, the issue of cross-border payment licences was a year ago.

September 2013 State to Alipay, quick money, etc 17 issued the first batch of Cross-border E-commerce foreign exchange payment licences; in February this year, the central bank in Shanghai FTA to start payment agencies Cross-border renminbi business, fast money, communications, Sheng, Oriental Electronics and UnionPay and other 5 third-party payment agencies to become a pilot; April, The third party is awarded the second batch of licences by the Bank of Beijing-east Line. In September, the fast money and Guangzhou customs, the only products will be cooperation, launched the first time after the pilot to achieve a larger business landing.

License plate landing a year, the pace of faster money, has launched a cross-border payment products, "Yuan da e pay pass." According to the quick Money related people, the use of this product includes study fees and shopping. For example, students from the mainland plan to study at the Taiwan Cultural University, can be directly through the "Yuan da E" to pay tuition fees to the cultural University; The mainland's individual consumers and businesses want to buy the yuan big E-commerce platform of goods, can be through the "Yuan da e pay pass" for RMB payment, The types of goods that can be purchased include food companion, beauty Care, 3C digital, etc., and users can inquire about the delivery progress of the goods. The money paid by the user in the mainland will be settled through the fast money system to the Taiwanese merchant in the RMB account opened by the big bank, and the merchant can receive the RMB directly.

With the growth of online purchasing power, "Amoy" Day hotter than one day, people are particularly keen to purchase maternal and child supplies, luxury goods, the number of overseas study is increasing, outbound travel is no longer curious ... Cross-border electricity business, study abroad education, outbound travel and other fields of fiery, for cross-border payments to provide a huge space for development, the people's lives for cross-border payments have just need.

The Taiwanese market is being used as a pilot for a full roll-out of cross-border renminbi business payments. In February this year, the quick money has signed a strategic cooperation agreement with the Bank of China Shanghai Branch and the Taiwan Customs and Trade network, initiating a first-hand deal on both sides. If the cooperation at the beginning of the year is aimed at business-to-business, Cross-border payments between mainland and Taiwanese companies, the Changtong E is the representative product of the company.

Beyond the reach of the Business-to-consumer, there is a lot more room for cross-border payments, and now the platform is just the beginning.

Fast money and big banks are not only concerned about cross-border payments, because more meaningful, in fact, is the return of investment, financial services and other aspects of the extension of business. With the renminbi as the core to complete cross-border business and business-to-business transactions, more renminbi has the opportunity to return, in the process, more financial products innovation, financial services, will be returned to the vast number of consumers, as well as the vast number of overseas enterprises.

In view of the enterprise's application scene has carried on the superposition of financial management, provides the enterprise with the cash centralized management service, based on the member accurate Marketing management Cloud customer management system, on-line for the small and medium-sized enterprise quick melts the financial product ... Through the superposition of these products, third party payment organizations help enterprises to provide information financial services, improve financial efficiency and reduce the threshold of financial services.

With the development of the financial and Shanghai Tong, people on both sides of the strait in the future to buy some financial assets, the renminbi cross-border payment of this channel, can be used for investors on both sides of the strait.

So Cross-border payments are considered to be the "blue sea" of the future competition of third-party payment agencies, the market is not yet formed, many third-party payment agencies are eager to. However, Cross-border payments, not a matter of overnight, some pain point is difficult to avoid. For example, the limit of cross-border payments, especially the enthusiasm of merchants in Cross-border business-to-business business with third-party payment agencies, the current cross-border payment of services are limited, the market needs to open more trade categories.

At present Yuan Big E Changtong still just on the Internet PC end on-line. Can third-party payment agencies launch apps as soon as possible to preempt mobile-Internet users in the mobile Web age?

In addition, many third-party payment agencies have the ambition to enter O2O, then can through the payment of the full layout of the entrance, a leap into the O2O interface big guy? are Cross-border payment access sites globalized? Are commodities diversified? Can we dig into the market demand, explore new business areas, and develop new payment products?

Third-party payers who want to take the lead in Cross-border payments will have to address these issues first.