A recently tested platform developed by Pingtan Golden Linkage Settlement Service Co., Ltd. promises to streamline cross-border e-commerce transactions between the Chinese mainland and Taiwan. Currently undergoing a test phase, this payment solution is anticipated to simplify cross-border trade.

Founded in March 2024, the company focuses on resolving a conundrum for cross-border e-commerce businesses: overseas fund collection. They're currently building a comprehensive platform that integrates functionalities like online ordering, payment processing, supply chain management, inventory control, and logistics coordination.

Benefits for Both Sides

"The platform will enable convenient trade and investment cooperation between businesses on both sides of the Taiwan Straits," says a company representative.

Mainland Suppliers: Gain access to a wider customer base in Taiwan, expanding their sales channels. Taiwan’s B2C Sellers: Source goods from the mainland efficiently, benefit from one-stop delivery services, and experience convenient cross-border payment settlements.

Beyond Trade Facilitation

The platform's impact goes beyond just streamlining transactions. It's expected to encourage the flow of people, logistics, capital, and information across the Straits. This will foster the development of diverse industries in Pingtan, including logistics, warehousing, product design, commercial livestreaming, and e-commerce incubation. Ultimately, this initiative aims to fuel the integrated development of the digital economy and trade between the two sides of the Taiwan Straits.

Expected Growth

The company projects that within a year of its launch, the platform will generate over 1 billion yuan (approximately $144 million) in cross-border trade volume. This initiative signifies a significant step towards smoother cross-border trade and fund settlements between the two sides.