All Link Pay Taps Wallyt to Launch Cross-Border Payments Platform for E-Commerce

All Link Pay, a financial service firm that provides one-stop payment gateway service for cross-border e-commerce merchants, has formed a partnership with Wallyt, a Hong Kong based FinTech Company dedicated to delivering digital payment and open banking solutions, to enable the global businesses and cross-border e-commerce merchants that All Link Pay serves to collect the funds and send payouts around the world.

With nearly 20 years of foreign exchange service experience in Hong Kong, All Link Pay has created a large cluster of cooperation networks with the institutions around the world, and serves tens of thousands of clients engaged in importing and exporting. When the existing clients get start to sell online and new cross-border merchants rapidly increased, it’s crucial for the group to offer a broad range of cross-border payment collect and disburse services.

Through the collaboration with Wallyt, All Link Pay has launched the payment platform for receiving and paying funds around the world, allowing the cross-border e-commerce merchants in Hong Kong and Mainland China to open one or multiple local currency accounts, collect international payments from online marketplaces, make foreign exchange transactions, withdraw money, and pay out funds to suppliers, sellers and any service providers worldwide.

On top of the cross-border payment, both firms also established a deeper collaboration in risk management and financial inclusion. Based on the group's comprehensive financial service capabilities, All Link Pay will further provide cross-border merchants with extensive overseas channel resources and a diverse set of financing options to grow their business.

As the leading global financial center, the largest offshore RMB clearing center, a free port, and one of the world's busiest container ports, Hong Kong plays a critical role in cross-border payments and international logistics. The pandemic has led to a surge in e-commerce and accelerated digital transformation, large amount of the international traders and retailers move from traditional to online business. Therefore, Hong Kong handles a good portion of mainland China's external trade and becomes an important entrepot for cross-border e-commerce between China and the World.

Looking ahead, All Link Pay also plans to obtain money service licenses in Singapore, the United Kingdom, the European Union, the United States, Canada, Australia and other countries and regions, beside Hong Kong SAR and the United States.