iPayLinks has developed a one-stop collection and payment solution for international logistics companies going overseas, making international logistics collection no longer difficult.
According to data released by the Ministry of Commerce on May 9, in the first quarter, my country's total import and export of services was 1,584.01 billion yuan, an increase of 8.7% year-on-year. The person in charge of the Department of Trade in Services of the Ministry of Commerce said that trade in services continued to grow .
According to the data from the Ministry of Commerce, in the first quarter, my country's service exports were 680.51 billion yuan, a year-on-year decrease of 4.7%, a decrease of 7.1 percentage points from January to February. As the main item of service trade, transportation service is facing enormous pressure. Many logistics companies are facing many pain points such as multi-payment docking, difficulty in fund collection, low efficiency of account reconciliation and splitting, and complicated fund transfer operations.
How does iPayLinks work?
Compared with trade in goods, trade in services is not storable, and services must be provided when needed, otherwise they will lose their value. If the service timeliness is affected due to slow collection, it will directly affect the completion cycle of the entire order.
From the case at the beginning of the article, it can be seen that the iPayLinks global local account opened by Xiao Zhang has more advantages than the traditional T/T wire transfer.
One is low cost. Because each order of T/T payment will charge a handling fee, if there are more intermediary banks, the handling fee will add up to more.
The second is higher timeliness. The bank will generally inform the account within 2-7 working days, but the multi-country local account provided by iPayLinks has almost no transfer fee; the overseas local clearing system is used, and the settlement efficiency will be higher, and the account will be credited in the fastest time.
Compared with cross-border e-commerce collections, B2B logistics transaction scenarios are more complex and capital security management is more difficult. iPayLinks service trade solution has customized a set of cross-border collection system suitable for international logistics transactions, focusing on optimizing the capital flow link to fully meet its compliance with global collection and payment, convenient capital management, reducing exchange losses, and ensuring capital security. Relying on iPayLinks' global payment financial network, international logistics companies can open a complete account system in iPayLinks, and complete global collection and payment, multi-channel fund distribution, exchange and other operations through one account.
iPayLinks is deeply exploring the new model of "Technology Empowering Trade", and continues to serve global enterprises going overseas. Next, iPayLinks will innovate business models around industry needs, continue to create customized, one-stop solutions, and promote the digital transformation and upgrading of service trade enterprises.