relevant regulations on foreign exchange
Posted: Mon Dec 23, 2024 7:54 am
A diagram is used to represent the relationship between the two. The acquisition section actually ends from the settlement of funds to the overseas bank account of the e-commerce platform.However, the funds have not yet returned to the domestic bank account, so they still need to go through cross-border payment institutions before they can enter the country to achieve the final purpose. So from this perspective, payment collection is actually a solution for cross-border capital flow. The emergence of payment collection solutions is caused by my country's control measures on foreign exchange entry and exit.
On the other hand, if my country does not have and exit israel phone number format the country freely. In the above figure, the acquiring bank can directly deposit funds into the foreign currency handling fee part of the e-commerce platform's overseas account and the merchant's domestic account, of course, the remaining RMB payment after the exchange. In this case, there will be no cross-border payment institutions. Therefore, payment collection is actually the "last mile" for domestic merchants to return funds to China after overseas payment. 4. Analysis of the cross-border payment business architecture After understanding the overall cross-border payment system, let's take a look at the overall business architecture of a third-party cross-border payment institution.
We use a picture to represent the internal business system architecture of a third-party payment institution. It can be seen from the diagram that the overall business architecture of the cross-border payment institution can be divided into the business layer, payment layer, clearing layer, channel layer and middle platform layer.Compared with the common domestic payment institution business architecture, at least the following obvious differences can be seen. There are foreign exchange systems and fund transfer systems in the middle platform layer. The first is the foreign exchange system. Since cross-border payment companies need to frequently conduct foreign exchange conversion in daily business, including foreign exchange purchase and settlement operations, the profit and loss of foreign exchange conversion and the overall efficiency are directly related to the profits of cross-border payment companies and the integrity of business processes.
Therefore, a well-established cross-border payment company generally has a complete foreign exchange management system, the main functions of which include obtaining foreign exchange exchange rates, quotation points, flat-plate strategies, foreign exchange conversion routing selection, foreign exchange conversion, and final transaction profit and loss calculations. Let's use a picture to roughly explain the overall workflow of the foreign exchange system. We will describe in detail the specific foreign exchange trading strategies and various details of foreign exchange transactions in the following article. The business process diagram of a foreign exchange management system is actually closely related to the characteristics of cross-border payment companies.
On the other hand, if my country does not have and exit israel phone number format the country freely. In the above figure, the acquiring bank can directly deposit funds into the foreign currency handling fee part of the e-commerce platform's overseas account and the merchant's domestic account, of course, the remaining RMB payment after the exchange. In this case, there will be no cross-border payment institutions. Therefore, payment collection is actually the "last mile" for domestic merchants to return funds to China after overseas payment. 4. Analysis of the cross-border payment business architecture After understanding the overall cross-border payment system, let's take a look at the overall business architecture of a third-party cross-border payment institution.
We use a picture to represent the internal business system architecture of a third-party payment institution. It can be seen from the diagram that the overall business architecture of the cross-border payment institution can be divided into the business layer, payment layer, clearing layer, channel layer and middle platform layer.Compared with the common domestic payment institution business architecture, at least the following obvious differences can be seen. There are foreign exchange systems and fund transfer systems in the middle platform layer. The first is the foreign exchange system. Since cross-border payment companies need to frequently conduct foreign exchange conversion in daily business, including foreign exchange purchase and settlement operations, the profit and loss of foreign exchange conversion and the overall efficiency are directly related to the profits of cross-border payment companies and the integrity of business processes.
Therefore, a well-established cross-border payment company generally has a complete foreign exchange management system, the main functions of which include obtaining foreign exchange exchange rates, quotation points, flat-plate strategies, foreign exchange conversion routing selection, foreign exchange conversion, and final transaction profit and loss calculations. Let's use a picture to roughly explain the overall workflow of the foreign exchange system. We will describe in detail the specific foreign exchange trading strategies and various details of foreign exchange transactions in the following article. The business process diagram of a foreign exchange management system is actually closely related to the characteristics of cross-border payment companies.