FINSERV the key issue going forward will be , how to embrace those new e-commerce channels , as well as the ones you as a merchant are already familiar with . The other major focus we have is working with platforms , whether it is a marketplace or a large corporation doing business in China , or needing to disperse funds into China . And that is an area which has seen very rapid growth as well .”
The future of cross border trade Ultimately , the industry shows no sign of slowing down , and continues to demonstrate dynamism , regardless of regulations . Messenger believes we have only seen the tip of the iceberg in terms of potential .
“ I ' m excited ,” he says . “ I think this is a very exciting time in China . B2B cross-border trade is a huge area where fintechs can disrupt and innovate and provide new solutions . I think , particularly for us , we have very strong global banking partnerships with banks like Citi and Deutsche Bank . We ' re engaged with them in saying , how do we collaborate ? Fintechs and banks , how do we create new solutions to issues that have been around for a long time ?”
He adds , “ I think the cross-border space in general is not China-centric . So it ' s supporting cross-border flows , whether they are from Vietnam or Thailand to Brazil or Europe to Singapore . The key is always that you ' ve got to have local teams , local licences to be able to not just have core innovations , but actually be able to localise them effectively .”
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