1. Exchange rate fluctuation: Cross-border foreign exchange collection involves currency exchange, so exchange rate fluctuation will affect the amount of foreign exchange collection. The change of exchange rate caused the actual funds received to be inconsistent with expectations.

2. Expenses and expenses: Cross-border transactions involve additional expenses and expenses, such as remittance fees and foreign exchange fees. These expenses will affect the money actually received.

3. Legal and compliance requirements: Different countries or regions have different legal and compliance requirements, which have an impact on cross-border transactions. For example, cross-border capital flows need to meet compliance requirements such as anti-money laundering and knowing customers.

4. Transaction processing time: As cross-border settlement and different payment systems are involved, cross-border transactions need a long processing time. This will have an impact on the fund supply and settlement cycle. PanPay is the first company in China to open a real overseas bank account for free, and also the first financial technology enterprise in China to hold the EU EMI license. Since its establishment, PanPay has been committed to providing safe, convenient and accessible financial services to small and medium-sized enterprises around the world.