Tencents Wechat Botim Enable Crossborder Payments to China

Tencents Wechat Botim Enable Crossborder Payments to China

Tencent Financial Technology has partnered with Botim, a leading instant messaging app in the Middle East, to optimize the cross-border remittance experience from the Middle East to China. Users can now remit money to WeChat through Botim and notify recipients with one click. Furthermore, Tencent is collaborating with international card organizations like Visa to enhance the mobile payment experience for overseas users in China, building an open and mutually beneficial payment ecosystem. This initiative aims to simplify and improve the efficiency of international money transfers and mobile payments.

02/12/2026 International Settlement
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Spains Peseta Historical Exchange Rates and Crossborder Payments

Spains Peseta Historical Exchange Rates and Crossborder Payments

This article reviews the exchange rate between the Spanish Peseta and the Chinese Yuan, and explores the impact of the Peseta's withdrawal on cross-border payments. Although the Peseta is no longer in circulation, understanding its historical exchange rates helps to comprehend currency value changes and the development of cross-border payments. This information is valuable for professionals in the cross-border e-commerce industry.

01/20/2026 Exchange Rate Query
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Mastercard Safaricom Partner to Enhance Kenyan Merchant Payments

Mastercard Safaricom Partner to Enhance Kenyan Merchant Payments

Safaricom and Mastercard have partnered to provide Kenyan merchants with seamless, secure, and scalable payment solutions by integrating M-PESA's merchant network with Mastercard's global payment infrastructure. This collaboration will also simplify cross-border remittance services. The initiative aims to boost Kenya's digital economy and enhance financial inclusion. The first steps are expected to be rolled out in the coming months, offering merchants and consumers alike improved access to digital financial services and contributing to the growth of the digital ecosystem in Kenya.

02/12/2026 International Settlement
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Tiktok Shop Expands Crossborder Payments Via Alipay Payoneer

Tiktok Shop Expands Crossborder Payments Via Alipay Payoneer

TikTok Shop has added Alipay and Payoneer as new payment methods for cross-border security deposits, providing sellers with more convenient payment options. Sellers must ensure that the account holder's identity matches the legal representative of the store and pay the deposit in a timely manner to avoid restrictions on store operations. The security deposit system aims to protect the rights and interests of the platform, buyers, and users, and to regulate platform operations.

01/04/2026 Customs Knowledge
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Ozon Expands Logistics Flexibility and Speeds Up Payments

Ozon Expands Logistics Flexibility and Speeds Up Payments

Ozon has upgraded its logistics cooperation model, supporting both full truckload (FTL) and less-than-truckload (LTL) transportation. Freight costs are calculated in real-time based on actual volume, significantly accelerating settlement speed. Operations are streamlined through the online "Voz Ozon" platform. Furthermore, multiple benefits are offered, including liability insurance, car rental discounts, and tax exemptions, helping carriers reduce costs and expand their business. This aims to facilitate smoother and more efficient cross-border shipping through the Ozon platform.

02/05/2026 Logistics
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Guide to Streamlining VAT Payments and Refunds Online

Guide to Streamlining VAT Payments and Refunds Online

This article details the operational process of online VAT payment and refund, including LianLian account binding, tax payment (providing two methods), tax payment record inquiry, and refund account settings and inquiry. It aims to help cross-border e-commerce sellers easily handle VAT payment and refunds, improving operational efficiency. The guide covers key aspects of managing VAT obligations online, streamlining the process for businesses engaged in international trade and ensuring compliance with VAT regulations.

02/05/2026 Customs Knowledge
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Global Trade Payments Secure and Efficient Transaction Guide

Global Trade Payments Secure and Efficient Transaction Guide

This article provides an in-depth analysis of six common payment methods in international trade (Letter of Credit, Remittance, Collection, Cash Payment, Cash on Delivery, and Open Account), highlighting their advantages, disadvantages, and applicable scenarios. It offers practical advice on choosing the right payment method to help you securely and efficiently receive payments in international trade. This guide aims to minimize trade risks and ensure successful transactions by understanding the nuances of each payment option.

02/05/2026 International Settlement
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Freight Industry Shifts to Instant Payments Ditching Postaudits

Freight Industry Shifts to Instant Payments Ditching Postaudits

Traditional post-audit freight settlement faces inefficiencies and disputes. Instant settlement, leveraging upfront pricing, automated payments, and data integration, promises to improve efficiency, reduce errors, and enhance transparency. While challenges related to technology, security, and trust exist, advancements and industry collaboration can foster wider adoption. Instant settlement has the potential to usher in a more efficient, transparent, and intelligent era of freight payments, streamlining operations and improving relationships between shippers and carriers in the logistics industry.

01/26/2026 Logistics Industry Insights
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Western Union Certify Simplify Global Supply Chain Payments

Western Union Certify Simplify Global Supply Chain Payments

Certify partners with Western Union to accelerate cross-border payments and optimize global supply chains. This collaboration aims to provide a more convenient and transparent payment experience, reduce costs, and help businesses expand into global markets. By streamlining the payment process, Certify and Western Union empower businesses to navigate international transactions with greater efficiency and confidence. This partnership supports digital transformation initiatives within supply chain finance, fostering innovation and growth in the global marketplace.

01/29/2026 International Settlement
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