PayPal on the cross border electricity supplier more around a bend after the attack Chinese will plaPosted by: admin | Posted on: March 2, 2017
Pay in a variety of melee China market, PayPal finally himself announced shot.
due to the limited electronic payment license can not be in Chinese local launched payment service, PayPal took a painstaking attempts through cross-border trade, the first integration of Chinese and overseas businesses, and then cut the C end (end consumer market). This approach to cut through the consumer B2B2C mode, equivalent to more than a bend around. Why bother? PayPal (Paypal Chinese name) but not heart bitter, PayPal said.
early in June 2013 the Reuters global technology summit, PayPal CEO is optimistic Donahoe said he saw some encouraging signs, "said China aspects will give Paypal the green light, let it with Alibaba and Tencent Alipay caifutong together in Chinese market competition –" I am confident that Paypal will China became the first non local companies to pay license. Less than three months, up to a maximum of five years."
but three years later, PayPal is still waiting for a licence to operate in china. Vice president of Paypal North Asia and general manager Hu Baidi told the IT times, the license is still pending, but in the short term China government did not relent. This means that PayPal can not be carried out in China’s RMB payment business.
China has become the world’s second largest cross-border online shopping base, and has 169 million users in the global payments company Paypal has 25% users worldwide last year, at least in the China consumer website once, which became the basis for decision support Paypal China cross-border businesses into the global market. At present, the Paypal transaction fees about 5/1000 lower than Alipay, to attract a lot of small businesses use in cross-border transactions. Kunshan Li Feng arts and Crafts Co., Ltd. Yang Chaogang, general manager, although through the Ali B2B platform for overseas transactions, but more inclined to use PayPal to complete the payment.
in the Paypal view, from the traditional trade exports to the cross-border electricity outlet, small and medium-sized businesses Chinese are changing: "in the past Chinese businesses more is to do wholesale, no brand, no market development ability. But now China’s businesses in the establishment of their own brands, and slowly to genuine, brand direction." Accordingly, Paypal launched a new Chinese website to help Chinese businesses to find more overseas customers. At the same time, PayPal will upgrade the existing RMB cash services, will be extended to the euro convertible currency from the dollar, pound and the Australian dollar and other currencies, will also put the merchant service team under the line extended to Hangzhou, Zhengzhou, Qingdao, Dalian, Yiwu, Suzhou, Dongguan, Xiamen, Chongqing, Chengdu and other 10 cross-border pilot city.