Nihao Pay and PolyFlow have reached a strategic cooperation to expand PayFi solutions in the field of cross-border payments

The collaboration between NihaoPay and PolyFlow will further expand the application scenarios of crypto payments on the basis of traditional payment paths, covering hundreds of millions of crypto users. PolyFlow, the world's first modular PayFi infrastructure, announced a strategic partnership with the leading cross-border payment company Nihao Pay. This collaboration will deeply integrate PayFi technology into the cross-border payment system, helping merchants improve 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 the industry's development. The booming e-commerce and surging demand for digital payments are driving the rapid growth of 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 a critical technology component 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 Pay and Alipay, Nihao Pay processes millions of dollars in transactions daily, with thousands of active users and operations in more than 100 countries worldwide. NihaoPay empowers global retailers by supporting China's mainstream payment methods (such as UnionPay, Alipay, WeChat Pay) - without the need for cash conversion or switching to VISA, MasterCard, Chinese consumers can freely consume globally through their familiar payment methods (UnionPay, Alipay, WeChat Pay). The collaboration between NihaoPay and PolyFlow will further expand the application scenarios of crypto payments on the basis of traditional payment paths, covering hundreds of millions of crypto users. At the same time, fully leveraging PolyFlow's advantages as a PayFi infrastructure, it will further help Nihaopay integrate into the decentralized finance (DeFi) ecosystem and explore innovative PayFi application scenarios. The huge potential of PayFi in cross-border payments PayFi combines the advantages of Web3 payments and decentralized finance (DeFi), aiming 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 financial innovation experiences to global users through the blockchain network architecture. As the core builder of the PayFi infrastructure, PolyFlow provides a business framework for asset custody and compliant access for PayFi applications. The collaboration between PolyFlow and NihaoPay will jointly explore the infinite possibilities of the integration of cross-border payments and PayFi. PolyFlow's stablecoin payment solution The industry dynamics, such as the launch of the PYUSD stablecoin by the traditional payment giant PayPal and Stripe's $110 million acquisition of Bridge, indicate the huge advantages of stablecoin payment settlement in cross-border payments and payment gateways. Compared to the complex fee structure and multi-tiered intermediary steps of traditional payments, stablecoin-based payment solutions can significantly simplify the process, reduce costs, and improve efficiency. Through PolyFlow's modular infrastructure, NihaoPay will realize stablecoin-based payment scenarios, further optimizing the merchant payment experience and helping to reduce costs and increase efficiency. Innovative payment scenarios: the new "Buy Now Pay Never" model In the past decade, the widespread application of "Buy Now Pay Later (BNPL)" services in the global e-commerce field has proven its market potential. With the rise of crypto finance, the innovative scenarios of PayFi are driving BNPL to evolve into a more advanced form - "Buy Now Pay Never". Supported by the technology of PolyFlow, the first modular PayFi infrastructure, NihaoPay will be able to provide users with a payment experience close to "Buy Now Pay Never" in the near future, helping merchants increase sales conversion rates and order values while consumers enjoy the "interest-earning shopping" experience. PolyFlow co-founder Raymond believes: "The innovative scenarios that PayFi can build are far beyond this, and I look forward to further exploring the future of PayFi through the collaboration with NihaoPay, providing users with an even more extreme 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 serves as a bridge between global merchants and consumers, aiming to support various partners and merchants to maximize their business potential. Nihao Pay processes billions of dollars in transactions annually, millions of dollars daily, serving users in more than 100 countries worldwide and occupying a 40% market share in the US cross-border payment market. Nihao Pay is also a trusted partner of UnionPay, WeChat Pay and Alipay. Learn more: Linkedin | Website About PolyFlow PolyFlow is an innovative PayFi protocol that aims 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 to handle 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. Learn more: Mirror | Global Community | Discord | Twitter/X | Website