Recently, multiple WTO member countries agreed to implement new basic rules for global digital trade. For the cross-border payment and procurement industry, this means future capital flows will face higher compliance standards.
The new rules will primarily impact cross-border data flows, electronic contract authentication, and consumer privacy protection. This means platform merchants will need to provide more transparent and traceable proof of fund flows. Major platforms are expected to upgrade their settlement review systems.
In this context, we recommend prioritizing mainstream payment channels with robust credit and AML systems, such as PayPal, Zelle, and compliant Visa virtual cards, to ensure fund security and minimize risks of order cancellation or account restrictions.