centered on UnionPay and NetsUnion.

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, and those that are classified according to specific businesses, such as foreign card acquiring and issuing. Here, in order to cover all cross-border payment scenarios as much as possible, we first divide all cross-border payment behaviors into inbound and outbound funds according to the direction of capital flow. At the second level, we distinguish specific scenarios such as inbound and outbound consumption, foreign trade and export according to payment business scenarios, and then derive the third level, which is the solutions corresponding to different business scenarios. This classification principle is actually in line with the basic logic of deriving product solutions from business needs.



After all, without business needs, the so-called product israel phone number format solutions, no matter how high-end, cannot generate actual value. Whenever there is a new business demand and there is no ready-made solution, we need to re-combine some existing tools to generate new product solutions. From the above global system, we can summarize the following solutions related to acquiring. They are generally applied to the field of retail consumption, but consumption does not necessarily rely on acquiring as a solution. The characteristic of consumption is that the consumption amount is relatively small. Most merchants complete transactions through acquiring, but some merchants also accept cross-border transfers and other methods of payment.



Foreign trade imports and exports generally adopt more collection solutions. In this field, the transaction amount is generally large. If the acquiring solution is adopted, it is necessary to pay a handling fee to a series of roles such as the acquiring bank, the issuing bank, and the card organization, so it is not cost-effective. Large transactions are generally paid by bank transfer or account collection. Some business scenarios require a combination of acquiring + collection to complete the entire chain. This involves the relationship between acquiring and collection. In order to illustrate the relationship between the two, we will give an example of the overall process of a domestic merchant selling goods on an overseas e-commerce platform and collecting the payment from a domestic bank account to illustrate the relationship between the two.