On December 4th, an insider of Commodity City said in an interview with the Great Wisdom News Agency that he is now applying for a domestic payment license. With the development of the cross-border business of the Yiwu purchase e-commerce platform, the company will apply for cross-border in the future. E-commerce foreign exchange payment license.
According to the above-mentioned person, the company has completed the development of the payment business system, and the preliminary testing and certification work has been completed, and is awaiting approval by the People's Bank of China. Once approved, third-party payment will provide services to merchants on the “Yiwu Purchase†platform. Commodity City is building a third-party payment platform for “righteous paymentâ€. At present, the company has 100-200 employees engaged in license application, maintenance and technology research and development.
“Small Commodity City has a great success in obtaining third-party payment licenses.†He said that in 2011, the “Zhejiang Yiwu International Trade Comprehensive Reform Pilot Program†was approved by the State Council, and Yiwu’s financial reforms continued to promote the development of small commodity cities. It is also more encouraging to apply for a license for the Small Commodity City. "But when the payment license can be applied successfully, there is no timetable and it is necessary to wait for the approval of the People's Bank," he added.
The person said that the reason for applying for a third-party payment license is because the company's e-commerce platform "Yiwu purchase" requires an independent payment platform. Payment is an important part in the development of the e-commerce industry. Having an own payment platform can increase the revenue of the e-commerce platform and increase platform independence. With the continuous advancement of cross-border e-commerce platforms, the company will also apply for cross-border e-commerce foreign exchange payment licenses in the future. He mentioned, "At present, Yiwu purchases cooperation with companies with cross-border payment licenses such as Ebay and PayPal to support RMB and credit card foreign currency payments."
It is understood that in October, a total of 17 third-party payment institutions, including Alipay and Remittance, were approved by the State Administration of Foreign Exchange to obtain pilot qualifications for cross-border e-commerce foreign exchange payment services.
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