Industry

Alibaba.com Launches Cross-Border Payment Service

Apr 29, 2022, 19:41pm2022/04/29 19:42:03 Pandaily

Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com, a leading e-commerce marketplace operated by Hangzhou-based internet giant Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />, launched “Alibaba.com Pay” on Friday, which mainly serves small and medium-sized business customers engaged in cross-border foreign trade. The initiative is reportedly aimed at becoming the world’s leading business-oriented cross-border financial service.

Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com has now been fully opened, and users who are not existing members can register and use it easily through several clicks on the website.

In addition, Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com Pay has chosen to cooperate with many Chinese and foreign financial institutions such as China CITIC Bank, and various digital technologies ensure the transaction security of cross-border funds.

Merchants engaged in cross-border trade can register and open accounts online easily. They can enjoy collecting payments immediately on the day of registration, and RMB payment withdrawals can be completed within four hours.

SEE ALSO: Alibaba Tests Youth Trend-Oriented Social E-Commerce App Taibang

The official website shows that Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com, established in 1999, is a global platform for international foreign trade and the B2B cross-border trade industry, with more than 150 million registered members.

In addition, Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com will hold the first New Energy Digital Exhibition from May 23 to June 5. At that time, several hundred new energy suppliers will be brought together to provide global consumers with one-stop services such as design, purchase and after-sales services.

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