By partnering with Wallyt, All Link Pay has now launched the payment platform for receiving and paying funds around the world, enabling the cross-border ecommerce merchants in Hong Kong and Mainland China to open one or multiple local currency accounts, collect international payments from online marketplaces, make foreign exchange transactions, withdraw money, and pay out funds to suppliers, sellers, and any service providers worldwide.
According to the press release, the pandemic has led to a surge in ecommerce and accelerated digital transformation, large amount of the international traders, and retailers move from traditional to online business.
Beside the cross-border payment, All Link Pay and Wallyt established a collaboration in risk management and financial inclusion. The former will further provide cross-border merchants with extensive overseas channel resources and a set of financing options to grow their business.
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