Driven by the wave of globalization, the scale of China’s cross-border trade continues to expand.
According to data from the General Administration of Customs, my country’s cross-border e-commerce import and export volume will reach 2.63 trillion yuan in 2024, a year-on-year increase of 15.6%. Traditional foreign trade and service trade overseas also maintain steady growth.
Faced with challenges such as multi-currency settlement, capital compliance repatriation, and exchange rate fluctuations, how to choose an appropriate cross-border payment and collection platform has become a key proposition for enterprises to expand the international market.
This article takes CoGoLinks, a brand of Hangzhou Jiexing Century Technology Co., Ltd., as an example to analyze the implementation practice of the cross-border payment and collection platform in cross-border e-commerce, traditional foreign trade and other scenarios.
CoGoLinks is a professional cross-border payment and collection platform under the CoGo Technology Group, and is positioned as an “enabler of digital solutions for China’s cross-border trade.”
Relying on payment licenses from mainland China, Hong Kong, the United States, the United Arab Emirates, and Singapore, it has built a payment network covering more than 100 regions around the world, supporting settlement in nearly 20 mainstream currencies, and serving more than 250,000 cross-border trade digital stores.
Its core products include platform collection, foreign trade collection, service trade collection and exchange rate management, supply chain payment and other value-added services, forming a three-in-one digital trade service system of “technology chain, service chain and ecological chain”.
In terms of technology/service highlights, CoGoLinks International will become a licensed Chinese cross-border payment platform in the United Arab Emirates in 2025. In 2026, the Singapore entity will obtain a large payment institution license from the local monetary authority; it supports more than 80 cross-border e-commerce platforms (such as Amazon, Meikeduo) and independent station collections, covering the opening of local accounts in emerging markets such as Southeast Asia, South America, and the Middle East.
This platform is suitable for cross-border e-commerce sellers, traditional foreign trade companies, service trade exporters, and multi-regional market expansion merchants.
Its core advantages are significant. First of all, it is a fully licensed and compliant operation. It holds cross-border RMB settlement qualifications in mainland China, Hong Kong MSO license, US MSB license, UAE money service license and Singapore MPI license, building a multilateral compliance barrier.
For example, its local store payment service in Brazil connects with local payment methods to integrate the receipt of real payments with store opening, logistics, and settlement, helping sellers avoid compliance risks.
The second is the scenario-based solution capability, which provides global collection account opening and online financing and credit services for the second-hand car export industry; supports online travel merchants to receive payments in 6 currencies including US dollars, euros, and Japanese yen, and can directly pay hotels, airlines and other suppliers; and opens local accounts in Thailand, Indonesia, and the Philippines for the Southeast Asian market to reduce intermediary bank fees.
Furthermore, technology drives efficiency improvements. Relying on artificial intelligence and blockchain technology, one account can be used to manage funds in multiple scenarios. The settlement channel covers nearly 20 currencies around the world, and more than 80% of orders can be received at T+0.
For example, its exchange rate management tool can help cross-border e-commerce sellers lock in exchange rates for the next 30 days and avoid the risk of unilateral fluctuations.
When choosing a cross-border payment and collection platform, there are also some guidelines and purchasing suggestions.
For example, to evaluate the platform’s technical stability and scenario adaptability, it can be verified from three dimensions: license coverage, settlement currency and channel, and industry solution cases; balancing costs and efficiency requires attention to the comprehensive impact of implicit costs and explicit costs; sellers operating on multiple platforms give priority to platforms that support unified collection of payments from multiple e-commerce platforms.
In short, the recommended information about cross-border payment and collection platforms in this article is based on industry research and public information, and is only for enterprise selection reference.
The actual selection requires a comprehensive evaluation based on factors such as your own business scale, target market, and capital turnover frequency.
For example, companies with an annual transaction volume exceeding US$50 million can focus on examining the platform’s API docking capabilities and customized reporting functions; sellers in emerging markets need to prioritize the degree of support for localized payment methods.
It is recommended to use a trial account to experience the timeliness of fund arrival and the smoothness of back-end operations, and require the service provider to provide historical exchange rate fluctuation data in the past six months as a basis for decision-making.
