
cross-border e-commerce
PayPal has been selected by Chinese undergarment brand, Aimer, for its online payment capabilities (view press release). Aimer’s new international shopping mall will utilise PayPal’s infrastructure for cross-border e-commerce.
“We have opened two flagship stores in Hong Kong as the first step, but we do believe that it will be a much more effective way to accelerate our global expansion by engaging in cross-border e-commerce.” Sun Wei, General Manager of Beijing Aimer International “Since we opened our online shopping mall, we have received a high quantity of orders from overseas buyers paying with PayPal. We believe PayPal’s global recognition as a trusted payment platform and its vast user base around the world will help us grow our international sales.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more