Recently, SUNRATE has deepened cooperation with UnionPay Commerce and Yitong International in the field of cross-border payment, and launched the cross-border trade settlement platform "E-Huida", which provides safe and efficient digital trade settlement services for domestic import enterprises and further improves the level of cross-border trade facilitation.
In the face of accelerating global trade competition, most of the domestic import trade enterprises have encountered many difficulties in foreign trade settlement, such as complicated account opening process, high exchange rate cost, lengthy offline operation steps, and unguaranteed prescription of arrival. In order to help domestic import enterprises save costs and pay efficiently, SUNRATE has reached cooperation with UnionPay Commerce and Yitong International. Based on its powerful underlying technology engine and seamless direct global payment network, Sunrate relies on the rich experience and enterprise service ability of the three parties in the field of comprehensive payment. The cross-border trade settlement platform "E Huida" has been customized for domestic import trade enterprises, which helps enterprises better integrate into the global trade chain by providing one-stop platform operation experience with simple process, low exchange rate cost and fast account arrival.
An enterprise financial personnel used the "E Huida" said, "in the past, when dealing with foreign payment business, need to go to the offline outlets, open an account audit will be nearly a month, and the operation process is also very tedious, usually five working days after the payment to the account. Nowadays, you can apply for an account online through the "E-Huida" platform. After successful account opening, you can complete a payment in five minutes at the earliest and receive the account in one hour at the earliest. It is very efficient. "Not only that, but Ehuida also has a lower payment commission, which gives us real benefits."
It is reported that "E Huida" platform since its launch, has provided services for hundreds of import enterprises in various industries, including some of the annual import of more than 2 billion dollars of head trade enterprises. At the same time, under the efficient and professional service mode, "E Huida" has also won the unanimous praise of many enterprise customers, and the number of transactions of the platform customers has reached a new high.
Today, China's foreign trade is in a new era of rapid development. Data show that from June 2020 to December 2021, China's monthly import and export volume of foreign trade has achieved positive growth for 19 consecutive months compared with the same period last year. Under the favorable foreign trade situation, enterprises also need more efficient service support in the development of global business.
As an enterprise service company focusing on digital global payment and financial management, SUNRATE is committed to providing one-stop digital services for enterprise customers around the world. Currently, the company has branches in Shanghai, Hong Kong, Tokyo, Singapore, Jakarta and London, which can help enterprises to do business in more than 130 countries. The innovative service mode of "E Huida" jointly created by SUNRATE, UnionPay Commerce and Yitong International will inject new momentum into the digital upgrading of the entire trade industry and help Chinese import enterprises to enhance their new advantages in international economic cooperation and competition. In the future, the three parties will continue to explore more innovative solutions to jointly promote the diversified development of cross-border trade.
