with the regulator to figure out the best way to meet these new obligations .
“ If you ' re in the broader space of the ecosystem , it ' s a time when you need to be engaging and figuring out how to engage with the regulator , and engage with the government to understand the best course of action . That ' s certainly what Chinese players are doing . Foreign players find that more challenging unless they have a very strong local partner who can help them navigate those channels .”
Cross-border payment space in China While the financial environment in China is notoriously competitive – especially in the domestic payments space – the crossborder business presents great opportunities for innovative fintech companies . Over the past couple of years , there has been an international e-commerce boom . The