After 30 years of continuous evolution, the domestic cross-border e-commerce industry chain has gradually upgraded and improved, and the development of the cross-border e-commerce market has entered a prosperous stage, and continues to promote the strategy of "domestic goods going to sea". At present, the scale of cross-border e-commerce B2C export transactions has exceeded three trillion yuan, and its proportion in the total foreign trade continues to rise. Looking ahead to the next few years, China's cross-border e-commerce exports are expected to maintain a highly prosperous trend.

In the past decade, cross-border e-commerce transactions, as one of the key channels for foreign trade, have experienced rapid development. According to data released by NetEase, the total amount of cross-border e-commerce transactions in China reached 15.7 trillion yuan in 2022, a year-on-year increase of 10.6%. The average annual compound growth rate over the past five years has reached 15%, which significantly exceeds the growth rate of traditional trade in China and has become a key driving force for promoting the growth of import and export trade.

Cross border e-commerce exports account for nearly 80% of the total transaction volume

The scale of cross-border e-commerce export transactions maintains double-digit growth

In the field of international transactions, capital flow and payment services constitute the fundamental support for enterprises to expand into overseas markets. For merchants engaged in international trade, it is crucial to ensure the safe exchange of multi currency sales revenue into RMB and the remittance back to domestic accounts (i.e. cross-border payments). However, in this payment process, due to the involvement of numerous cross-border financial institutions and complex procedures, merchants face many challenges in the payment process.

The main challenges faced by merchants in cross-border payment processes include: 1. Long payment cycles and difficulty in tracking progress; 2. Difficulty in financing and high cost; 3. Exchange rate fluctuations pose risks to returns; 4. Store management and merchant order system data are not synchronized; 5. Businesses have information asymmetry in their understanding of regulatory policies.

Sino-Parsons collaborates with partners to provide comprehensive digital payment settlement and financial service solutions for small and medium-sized enterprises, relying on years of accumulated cutting-edge technologies such as security risk control, artificial intelligence, privacy computing, and account settlement; On the basis of ensuring safety and compliance, we assist small and medium-sized enterprises in efficiently conducting global business, effectively reducing capital costs, improving capital turnover efficiency, and quickly seizing global market opportunities.

Financial service platform

The one-stop and comprehensive financial service platform built by Sino-Parsons has achieved comprehensive coverage of cross-border professional services for the growth cycle, effectively promoting business development.

Payment access services cover cross-border payment related financial services such as acquiring, receiving, and selling foreign exchange.

Comprehensive financial services include financing, factoring, multi currency fund management, foreign exchange, risk control, and other diversified financial services.

Value added financial services provide store opening training, marketing promotion, enterprise resource planning (ERP), as well as financial, tax, logistics, and after-sales services.

Panoramic financial services connect a wider range of cross-border financial services, including fund management, warehousing and logistics, technical services, and other services required for cross-border e-commerce.

Localization strategy services are committed to connecting more localized resources, including partnership relationships, local tax reporting services, personalized financial solutions, and localized professional teams.

Flexible credit services

The flexible credit services provided by Sino-Parsons effectively solve the financial difficulties faced by small and medium-sized cross-border merchants.

With the continuous expansion of the cross-border e-commerce market, small and medium-sized cross-border e-commerce enterprises are facing financing difficulties. Many businesses are struggling with issues such as long capital recovery cycles, limited loan channels, high entry barriers, and high loan interest rates. Given that cross-border e-commerce companies typically have light assets, they often find it difficult to obtain large credit support from banks. In addition, the complexity of cross-border transactions, such as extended transaction cycles and increased warehousing costs, further exacerbates the financial pressure on merchants. To alleviate this financing challenge, Sino-Parsons has teamed up with partner financial institutions to tailor a safe, efficient, and low-cost credit solution for cross-border merchants. This solution does not require collateral and provides pure credit loans, significantly improving the efficiency and success rate of financing for small and medium-sized enterprises.

The characteristics of credit products are as follows: high credit limit, long term, unsecured, pure online operation, and fast credit granting speed.

Connect data online

The API integration service provided by Sino-Parsons aims to assist merchants in reducing operating costs and improving work efficiency. Faced with the dual challenges of performance growth and management efficiency improvement, many businesses expanding into international markets have adopted financial ERP systems to optimize financial processes, integrate financial data, ensure data consistency, make management processes more transparent, and decision-making processes more rapid, thereby enhancing the financial operational efficiency of enterprises. Sino-Parsons is committed to providing advanced financial system solutions for cross-border enterprises. Through its open API platform integration, it simplifies the automation process of global fund collection and management, supports rapid integration of standardized interfaces, and achieves automatic reconciliation, fund allocation, balance inquiry, bill reconciliation, and foreign exchange limit acquisition, among other functions.

The developer tools provided by Sino-Parsons include high-quality development features, detailed documentation, and API components, providing comprehensive support for developers. Sino-Parsons, with a first-class technical team, can provide customers with comprehensive and full process technical support. In addition, Sino-Parsons also provides lightweight API interfaces to address complex business requirements. In terms of data security, Sino-Parsons implements encryption and decryption logic to prevent third-party tampering, and adopts storage encryption and key management measures to ensure data security.

The outstanding technological strength and profound industry experience demonstrated by Sino-Parsons and its partners are gradually becoming a key force in promoting the digital transformation of cross-border trade for small and medium-sized enterprises. Through continuous optimization and innovation, Sino-Parsons's one-stop financing services and financial technology service solutions not only help small and medium-sized enterprises overcome many obstacles in traditional financial services, but also achieve significant results in ensuring fund security, reducing operating costs, and accelerating fund circulation.

Looking ahead to the future, Sino-Parsons will continue to maintain an open and cooperative attitude, work together with more domestic and foreign partners, deepen research and practice in the field of financial technology, and jointly create a more open, inclusive, secure, and efficient global digital financial service ecosystem. We have ample reason to believe that with the dual empowerment of technology and global cooperation, small and medium-sized enterprises will be able to confidently enter the international market, seize global business opportunities, and achieve more prosperous and sustainable development. Sino-Parsons is taking practical actions to lay a solid digital path for the glorious future of cross-border trade for small and medium-sized enterprises.