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Entrepreneurship By roy | 2019-10-05 | 0 Comments PayPal obtains Chinese payment license, foreign capital cross-border payment Chinese localization strategy PayPal’s approval to enter China is definitely a good thing for Chinese cross-border e-commerce sellers. PayPal has a good hand, integrating overseas cross-border RMB payment license. It seems that except for AGB Directory Ant Financial, no company in the world can shake its dominance in cross-border collection and payment. As for whether PayPal can ruce the collection cost of Chinese cross-border sellers, it depends on the degree of localization of PayPal and the pressure from competitors. The future may be a duel between PayPal and Ant Financial.