Payment institutions with strong capabilities do not need to lock the exchange, which is a higher risk, but it can bring more benefits. There are also some channels that directly provide the ability to exchange currencies over the air. For example, Turkish users use TRI to pay After the payment is successful, the channel side directly converts the currency to USD,and then the channel directly settles the USD to the payment platform. Generally speaking, the currencies of many countries are controlled and cannot be freely exported. In cross-border scenarios, it is often necessary to design different capital flows. The most important thing is to consider compliance requirements and in some cases profit. If you have strong capabilities, use liquidity management and have a large amount of funds, the income will be very significant. After all, it is not like some country that requires % of reserves to be deposited with the central bank without interest.
. .5 A slightly more complex example of cross-border payment Let's take australia email list the most typical e-commerce purchase as an example (just an example): Xiao Ming used PayPal to pay 5 US dollars on Pinduoduo e-commerce (overseas) via Duoduo wallet (overseas). The simplified interaction diagram is as follows: illustrate: ) Licensed payment institutions and third-party e-commerce are independent legal entities, so Duoduo Wallet and Duoduo e-commerce are independent of each other and require independent settlement. )
In order to highlight the key points, many intermediaries are omitted. ) In order to simplify the description, there are several assumptions: Suppose that Pinduoduo e-commerce decides to settle with a bank card. There is also a scenario in which the e-commerce company decides to settle the balance and then withdraw cash manually. In addition to the assumption of a single currency scenario, the cross-currency scenario also includes foreign exchange.