This collaboration between NihaoPay and PolyFlow will further expand the application scenarios of crypto payments based on traditional payment paths, covering hundreds of millions of crypto users.
PolyFlow, the world's first modular PayFi infrastructure, has announced a strategic partnership with leading cross-border payment company Nihao Pay. This collaboration will deeply integrate PayFi technology into the cross-border payment system, helping merchants enhance payment efficiency and expand their global business footprint. As a trusted partner of UnionPay, WeChat Pay, and Alipay, Nihao Pay is at the forefront of digital payment innovation, leading industry development.
The booming growth of e-commerce and the surge in demand for digital payments are driving rapid growth in the payment gateway market. According to market research, the global payment gateway market is expected to reach hundreds of billions of dollars by 2027. Payment gateways are key technological components in e-commerce transactions, responsible for processing and authorizing payment transactions between merchants and customers, ensuring the secure transmission of payment information among all parties.
As a leading cross-border payment company and a global partner of UnionPay, WeChat, and Alipay, Nihao Pay processes millions of dollars in transactions daily, with thousands of active users, and operates in over 100 countries worldwide. NihaoPay empowers global retailers by supporting mainstream Chinese payment methods (such as UnionPay, Alipay, and WeChat Pay) — without the need for cash exchange or switching to VISA or MasterCard, allowing Chinese consumers to spend freely around the world using familiar payment methods (UnionPay, Alipay, WeChat Pay).
This collaboration between NihaoPay and PolyFlow will further expand the application scenarios of crypto payments based on traditional payment paths, covering hundreds of millions of crypto users. At the same time, it will fully leverage PolyFlow's advantages as PayFi infrastructure to help NihaoPay connect to the decentralized finance (DeFi) ecosystem and explore innovative application scenarios for PayFi.
The Huge Potential of PayFi in Cross-Border Payments
PayFi integrates the advantages of Web3 payments and decentralized finance (DeFi) to achieve efficient and free flow of value. It not only accelerates instant settlement and reduces transaction costs but also brings asset sovereignty and permissionless access to global users through the blockchain's network architecture, providing an innovative financial experience. As a core builder of PayFi infrastructure, PolyFlow provides a business framework for asset custody and compliance access for PayFi applications. The collaboration between PolyFlow and NihaoPay will jointly explore the infinite possibilities of combining cross-border payments with PayFi.
PolyFlow's Stablecoin Payment Solution
The launch of the PYUSD stablecoin by traditional payment giant PayPal and Stripe's acquisition of Bridge for $1.1 billion indicate the significant advantages of stablecoin payment settlements in cross-border payments and payment gateways. Compared to the complex fee structures and multi-layered intermediaries of traditional payments, stablecoin-based payment solutions can significantly simplify processes, reduce costs, and improve efficiency. Through PolyFlow's modular infrastructure, NihaoPay will implement stablecoin-based payment scenarios, further optimizing the merchant payment experience and helping to reduce costs and increase efficiency.
Innovative Payment Scenario: "Buy Now Pay Never" New Model
In the past decade, the widespread application of "Buy Now Pay Later" (BNPL) services in the global e-commerce sector has proven its market potential. With the rise of crypto finance, the innovative scenarios of PayFi are pushing BNPL towards a more advanced form — Buy Now Pay Never. With the technical support of the first modular PayFi infrastructure, PolyFlow, NihaoPay will soon be able to provide users with a payment experience close to Buy Now Pay Never, allowing consumers to experience "interest-earning purchases" while helping merchants improve sales conversion rates and order values.
Raymond, co-founder of PolyFlow, believes: "The innovative scenarios that PayFi can build are far from limited to this. We look forward to further exploring the future of PayFi through our collaboration with NihaoPay, providing users with an ultimate payment experience."
About Nihao Pay
Nihao Pay is a leading cross-border payment company dedicated to providing innovative solutions and seamless payment experiences for developers, independent sales organizations (ISOs), and fintech companies. Nihao Pay acts as a bridge between global merchants and consumers, aiming to support various partners and merchants in maximizing their business potential. Nihao Pay processes hundreds of millions of dollars in transactions annually, handling millions of dollars in transactions daily, serving users in over 100 countries, and holding a 40% market share in the U.S. cross-border payment market. Nihao Pay is also a trusted partner of UnionPay, WeChat Pay, and Alipay.
About PolyFlow
PolyFlow is an innovative PayFi protocol designed to connect real-world assets (RWA) with decentralized finance (DeFi). As the infrastructure layer of the PayFi network, PolyFlow integrates traditional payments, crypto payments, and DeFi in a decentralized manner, handling real-world payment scenarios. PolyFlow provides the necessary infrastructure to ensure compliance, security, and seamless integration of real-world assets, paving the way for a new financial paradigm and industry standards.
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