Analysis of the New Development Direction of Chinese Overseas Fintech Payment Companies

Abstract

This paper gives a broad description and analysis of the payment industry development in recent years. Global settlement no longer belongs to giant companies and top multinational banks. Fintech payment companies gained a superpower by combining with banks and adding their technical and user-friendly solutions. These Fintech payment companies could provide customers with global multi-currency accounts and international settlement. They have taken root and sprouted worldwide and have developed rapidly in the past few years.

This paper focuses on the new development direction of Chinese overseas Fintech payment companies. Their management team is from China, and their target customers also come from china. They combined the world changes with the particular Chinese market. This paper will analyze their payment scenarios, operating structure, business, and revenue model.

After several years, the new market has gradually become clear. This paper analyzes the opportunities and challenges Payment Fintech may face in the medium and long term from a macro and micro perspective.

In the end, this paper put forward possible prospects on this track in the payment industry based on the above analysis.