from the perspective of market access,

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From the perspective of transaction limits, domestic payments generally depend on the limits of different payment channels. As long as the channels allow, they can generally be made. In the field of cross-border payments, in addition to checking whether the channels allow, we must also pay attention to relevant foreign exchange control regulations. Since many settlement or payment transactions are supervised by post-declaration spot checks, large transactions are more likely to be spot checked by regulators afterwards, mainly the People's Bank of China and the State Administration of Foreign Exchange. Therefore, the corresponding risks of large transactions are also a topic that cross-border payment institutions must face.



In other aspects, domestic and cross-border payments have israel phone number format many other features. For example, the domestic characteristics of disconnection, direct connection, and second clearing, etc. For cross-border payments, the main difficulty is actually still domestic supervision. Overseas regulatory agencies generally pay the most attention to anti-money laundering and anti-terrorist financing. As long as these two points are done well, there will generally be no major problems. . Different payment methods This is easy to understand. In domestic payments, the current mainstream payment methods are mainly Alipay, WeChat, bank card quick payment, etc. In the field of cross-border and overseas payments, due to the different development conditions in different countries and regions, the payment methods are actually flourishing.



E-wallet operator payment, offline payment, cash on delivery, YT online and offline bank transfer, online banking payment, credit card payment, digital currency payment, etc. are dazzling. . Different settlement scenarios In domestic payments, the final settlement is to the virtual account of the merchant or payee, such as the balance of the Alipay account or bank card.However, in cross-border payments, merchants or payees actually have more choices. For example, payees or merchants can choose to settle to a wallet virtual account, an overseas bank account, a domestic bank account, or even an encrypted digital wallet account.