Paypal and credit cards are mainly used in Europe and America, which are relatively common. Southeast Asia and Latin America are more complicated. Paypal settlement in these places is very inky, and it is difficult to complete payment settlement in a short time due to national policy issues. Credit card payment in these areas accounts for about 70% of all payment markets, but only 20% of them have international credit cards. Therefore, the most important payment method is a credit card that supports local currency transactions in these areas. Choosing a payment channel that supports local currency credit card transactions is an important link to open up markets in Southeast Asia and Latin America.

For example, from the perspective of Brazil, the issuers of Brazilian local currency credit cards are divided into international credit card organizations such as VISA and MASTERCARD, as well as local credit card organizations such as ELO and HYPERCARD. At present, from the perspective of the whole market, only Pagsmile, a cross-border payment platform of Yunwanwei, supports various Brazilian local currency credit cards and credit cards issued by major banks in Brazil.

It is very important to choose the appropriate payment method if you are doing foreign trade, or choose a company in Shanghai, otherwise the settlement will take 3~5 days, which is really a headache.