&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;On September 29, the RMB against the US dollar plummeted, making it rushed to the top topic. In fact, not only Chinese Yen is falling, other currencies are facing a&amp;nbsp; more heavy impact.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Federal Reserve continuously raises interest rates is the main reason for it. The Fed's interest rate hikes usually cause a great disturbance to the global economy, triggering capital withdrawal and sharp exchange rate depreciation in some countries, especially emerging market countries.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;The Fed has raised interest rates five times so far this year. Why do Fed rate hikes cause other countries' currencies to fall?&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;When the Fed raises interest rates, it means you can earn higher interest if you hold dollars. In this case, companies and ordinary people will choose to exchange their currency for US dollars. Secondly, it is accompanied by domestic inflation in the United States, and the global inflation crisis brought about by the dollar liquidity crisis. Under this circumstance, the Fed started this round of interest rate hike policy, which will inevitably lead to the return of international capital to the US dollar. Because the U.S. dollar rate hike means that the U.S. dollar index will rise, other countries' currencies will inevitably depreciate.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Let's take a look at the performance of some national currencies after the Fed raises interest rates.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;&lt;img class=&quot;wscnph&quot; style=&quot;display: block; width: 90%; margin: auto;&quot; src=&quot;/adminapi/config/getImg?fileName=d7d97898-c1ba-4e73-92b9-8d5c702431fa&quot; alt=&quot;currency depreciation&quot; /&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;The Russian ruble suffered a round of slumps due to the Russian-Ukrainian war but unexpectedly rebounded by 30% compared to the rate before the conflict between Russia and Ukraine, making it the best-performing currency in the world this year.&amp;nbsp; Although Rmb fell to 7.2, it is the most stable currency compared to others. The euro, Indian rupee, Thai baht, South Korean won, Japanese yen, etc., have been moderately impacted, and Turkey's lira in the Middle East country has depreciated by 95%, which is really shocking.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;However, in this case, China has chosen a monetary policy that is completely opposite to that of the United States. The United States chooses to raise interest rates, while China chooses to cut interest rates. what about this?&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;China utilizes quantitative easing monetary policy to allow more capital to flow back into the market to stimulate post-pandemic economic recovery and promote domestic economic development. But as we just said, because China and the United States are currently using different monetary policies, this will inevitably lead to a scissors difference in interest rates between the two sides, resulting in the continued depreciation of the RMB. At the same time, the interest rate cut has also given some companies a chance to breathe, thereby preserving the jobs of the people.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Everyone is waiting for the US dollar interest rate hike to pass so that prices and currencies can return to their normal values.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;But many people have made an extra profit from the U.S. dollar rate hike. Just like those Chinese cross-border e-commerce and export companies owners who hold U.S. dollars, a good exchange makes them obtain quite high profits. And you can convert USD to CNY on Epay.com.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;As for how the exchange rates of various countries will behave in the future, let's wait and see!&lt;/span&gt;&lt;/p&gt;

The Fed's interest rate hike causes currencies to depreciate while the RMB is still the most stable one

Объявление Владимиром Путиным о частичной мобилизации 21 сентября сигнализировало о крупной эскалации войны. Мужчинам в возрасте от 18 до 65 лет будет запрещен выезд из Российской Федерации, что привлекло внимание всего мира.
Тема &laquo;Как уехать из России&raquo; в тот день стала топовой темой поиска в Google. В иммиграции больше всего заинтересованы жители Хабаровского края, который граничит с Китаем.
Ради безопасности себя и своих семей многие россияне планируют или бегут из России. Помимо рассмотрения того, каким транспортом воспользоваться и куда бежать из России, самое главное &mdash; как безопасно перевести российские активы за границу.
Возьмите доллар США в качестве примера. Рубль, рухнувший в начале войны из-за войны, внезапно подскочил на 30 процентов по отношению к доллару по сравнению с курсом до российско-украинского конфликта, что сделало его самой эффективной валютой в мире в этом году. возможность обменять рубли на доллары.
Итак, давайте сегодня поговорим о самом экономичном и эффективном способе обмена российских рублей на доллары США.
Во-первых, зарегистрируйтесь в <a href="https://advcash.com/en" target="_blank" rel="noopener">Advcash</a>, одном из самых популярных электронных кошельков в России. Advcash &mdash; компания, работающая в сфере международных платежей и электронных платежей более 20 лет. Кошелек поддерживает депозиты в долларах США, евро и рублях. Пользователи могут пополнять кошелек Advcash банковским переводом, картой Visa/Master Card, наличными и т. д.
Epay достиг стратегического сотрудничества с Advcash еще в 2016 году. Пользователи могут пополнять доллары США и евро в кошельке Advcash на Epay, а затем обменивать их на Perfect Money Payeer и другие электронные валюты через платформу Epay. Или вывести его на счет в местном банке за границей.
Поэтому сначала внесите рубли на Advcash и конвертируйте их в USD, потом выводите на Epay. На платформе Epay вы можете перевести доллары США на банковский счет в долларах США или других странах через наши многочисленные местные банковские каналы.
Самыми большими преимуществами конвертации рублей в доллары США таким способом являются быстрое поступление, простая операция и низкая стоимость. Электронный кошелек &mdash; это способ мгновенной оплаты, и переводы между местными банками также могут быть сделаны в тот же день с общей комиссией всего 1,4%.
В дополнение к теме о том, как россияне уезжают из России и как перевести российские активы за границу, пока у вас есть потребность конвертировать рубли в доллары США, вы можете попробовать этот способ. Войдите на официальный веб-сайт <a href="https://bit.ly/3SB3ebW" target="_blank" rel="noopener">Epay</a>, чтобы связаться с продавцом для получения подробной информации об этапах работы и конкретных сборах.
Vladimir Putin&rsquo;s announcement of partial mobilization on September 21 signaled a major escalation of the war. Men between the ages of 18 and 65 will be banned from leaving the Russian Federation which caught the world&rsquo;s attention.&nbsp;
The topic "How to leave Russia" became the top search topic on Google that day. Residents of the Khabarovsk region, which borders China, are most interested in immigration.
For the safety of themselves and their families, many Russians are planning or are fleeing Russia. In addition to considering what means of transportation to use and where to escape from Russia, the most important thing is how to safely transfer Russian assets overseas.
Take the US dollar as an example. The ruble, which had slumped by the war at the beginning, suddenly rebounded by 30 percent against the dollar compared to the rate before the Russian-Ukrainian conflict, making it the best-performing currency in the world this year, So it is a wise choice to exchange rubles for dollars.
So let's talk about the most economical and efficient way to exchange Russian rubles for US dollars today.
First, sign up for <a href="https://advcash.com/en" target="_blank" rel="noopener">Advcash</a>, one of the most popular e-wallets in Russia. Advcash is a company that has been operating in the field of international payment and electronic payment for more than 20 years. The wallet supports deposits in USD, EUR, and rubles. Users can recharge the Advcash wallet by wire transfer, visa/master card, cash, etc.
Epay reached strategic cooperation with Advcash as early as 2016. Users can recharge U.S. dollars and euros in Advcash wallet to Epay, and then exchange them into Perfect Money Payeer and other electronic currencies through the Epay platform. Or withdraw it to an overseas local bank account.&nbsp;
Therefore, first, deposit the ruble to Advcash and convert it into USD, then withdraw it to Epay. On the Epay platform, you can transfer the USD to the USD bank account in the United States or other countries through our abundant local banking channels.
The biggest advantages of converting rubles to US dollars in this way are fast arrival, simple operation, and low-cost. The e-wallet is an instant payment method, and transfers between local banks can also be made on the same day, with a total fee as low as 1.4%.
In addition to the topic of how Russians leave Russia and how to transfer Russian assets overseas, as long as you have the need to convert rubles into US dollars, you can try this method. Enter <a href="https://bit.ly/3SB3ebW" target="_blank" rel="noopener">Epay's official website</a> to contact the salesman for detailed operation steps and specific fees.

Как уехать из России Как быстро перевести рубли в доллары США/How to leave Russia? How to quickly convert rubles to US dollars?

<h3 style="text-align: left;">Send Money to Alipay with Epay, you will have the possibility to get an iPhone14.</h3>
This activity is faced with all users who remit money to Alipay with Epay, including personal remittance and batch remittance.
Details of the activity are as follows:
<ol>
<li style="font-weight: 400;" aria-level="1">Title: Remit money to Alipay, Get an iPhone14 (128G)</li>
<li style="font-weight: 400;" aria-level="1">When to start: From 8th, September to 26th, October</li>
<li style="font-weight: 400;" aria-level="1">How to draw: One lucky person will be randomly selected from the list of all remitters</li>
<li style="font-weight: 400;" aria-level="1">How to announce the winner: the raffle will be announced on the official Facebook @epayglobal, Twitter@epay.com, and Linkedin@Epay Global Payment LTD.&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">When to announce the winner: on 28th October 2022</li>
<li style="font-weight: 400;" aria-level="1">Way of participation:</li>
</ol>
<ul>
<li style="font-weight: 400;" aria-level="1">Follow any official social media pages of Epay, including Facebook, Twitter, or Linkedin.</li>
<li style="font-weight: 400;" aria-level="1">Comment "I have sent money to Alipay by Epay" on any post on our social media, and PM us the transaction number in the format of &ldquo;order number and Alipay payee name&rdquo;.</li>
</ul>
<ol start="7">
<li> Prize distribution details:</li>
</ol>
<ul>
<li style="font-weight: 400;" aria-level="1">The raffle winner will be required to email the winner's name, contact information, address, and transaction details to service@epay.com within 3 working days after the winner is announced. If it is not sent to us within the specified time, we default you abandon the prize.</li>
<li style="font-weight: 400;" aria-level="1">The prize will be sent out before 10th November only if the winner's information is received as scheduled.</li>
<li style="font-weight: 400;" aria-level="1">After receiving the prize, the winner must share their experience of using Epay to remit money to Alipay and the feeling of winning the iPhone14 on social media.</li>
</ul>
Notice:
<ol>
<li style="font-weight: 400;" aria-level="1">Please read the rules and related terms in detail before participating in the activity. Anyone who participates in it is deemed to agree to the rules and disclaimer terms.</li>
<li style="font-weight: 400;" aria-level="1">In the event of any of the following circumstances, your qualification to participate in this event will be canceled, including but not limited to false or illegal transactions, abnormal status such as overdue, freeze, stop payment, and cancellation of the current account.</li>
<li style="font-weight: 400;" aria-level="1">Epay reserves the right of final interpretation and modification of this activity to the extent permitted by law.</li>
</ol>
<h4>Remittance amounts over $2,000 are more likely to be the lucky one! Come and tag friends to <a href="https://www.epay.com/epayweb/epay/remit" target="_blank" rel="noopener">remit</a> now.</h4>

Send Money to Alipay with Epay, Get iPhone14

You may be a cross-border e-commerce business owner, a cross-border freelancer, or a cross-border individual entrepreneur. No matter what cross-border business you engage in, a suitable payment method is necessary.&nbsp;
Cross-border payment plays a multiplier effect on your cross-border business.&nbsp;
There are various payment methods for cross-border sellers. and the most commonly used ones are <a href="https://www.paypal.com/hk/home" target="_blank" rel="noopener">Paypal</a>, credit card, <a href="https://www.westernunion.com/us/en/home.html" target="_blank" rel="noopener">Western Union</a>, <a href="https://www.moneygram.com/mgo/us/en/" target="_blank" rel="noopener">MoneyGram</a>, and overseas local payment. In addition, there are also financial service platforms such as Payoneer/Worldfirst/PingPong/Lianlian Pay.
What I want to introduce to you today is overseas bank account payment, a must-have payment method for cross-border trade and global online stores.
Bank account collection seems to be a very traditional payment way, but for cross-border businesses, it is very necessary to have an overseas bank account.
Epay provides you with the service of opening multi-currency virtual bank accounts online. Merchants can have different online bank accounts to facilitate the management of different businesses.
How does Virtual Account (Virtual Account/Virtual IBAN) promote business growth?
Pain points of traditional bank accounts
<ol>
<li> High cost to open and manage</li>
<li> The account opening process is cumbersome&nbsp;</li>
<li> High compliance frequency&nbsp;</li>
<li> Reconciliation is complicated</li>
</ol>
&nbsp;Advantages of virtual account system
<ol>
<li>The simple account registration process</li>
<li> The account opening, operation, and management costs are extremely low</li>
<li> Information processing is more efficient and compliance frequency is reduced</li>
<li> The account transfer information is clear at a glance</li>
</ol>
Application Scenario 1&mdash; Collection and Payment for International Trade
▶ Accounts names are the same as the payment name, more convenient to trade.
▶ Local collection capability reduces costs, with competitive foreign exchange rates
▶ Open multiple local accounts in multiple countries
▶ Local or cross-border payment via UI, API, or SWIFT commands
Application Scenario 2&mdash; Collection and Payment for E-commerce
▶ The seller uses a local account to receive payment at the online store in the country
▶ Local collection capability reduces costs, competitive foreign exchange rates
▶ Unlimited number of virtual accounts for multiple stores
▶ Local or cross-border payment via UI, API, or SWIFT commands
The virtual bank accounts that Epay currently supports opening:
<ol>
<li> Hong Kong bank account. One account, multiple currencies.</li>
</ol>
Supporting HKD, offshore RMB, EUR, GBP, and USD collection.&nbsp;
<ol start="2">
<li> Singapore bank account supports SGD collection.</li>
<li> Australian bank account supports Australian dollar collection.</li>
<li> Korean bank account supports KRW collection.</li>
</ol>
Virtual bank accounts have the same function as physical bank accounts. but compared with traditional bank accounts, virtual bank accounts are easier to operate and manage.&nbsp; Know more details about account opening please visit <a href="https://www.epay.com/en-US/activity" target="_blank" rel="noopener">Epay's official website</a>

A Must-have Payment Method for Global Trade and Ecommerce—Overseas Bank Account

&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Chile is known as &lt;/span&gt;&lt;strong&gt;The Land at the End of the World. &lt;/strong&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;It is the fifth largest e-commerce market in Latin America and the 31st largest e-commerce market in the world. In 2020, due to the impact of COVID-19, the demand for online shopping in Latin America has increased significantly, and a large number of entity enterprises have turned to the field of e-commerce. Despite having a population of only about 19 million, Chile is one of the largest e-commerce markets in Latin America and has the highest per capita online sales in the region, with e-commerce revenue reaching $7 billion in 2021.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Chile's consumption level is relatively high in the South American market, close to the European consumption level, with prices 30% to 70% higher than China's, and about 40% of the population prefers online shopping. The share of consumption in Chile has grown at a rate of 35% since 2017, and the online shopping population is expected to rise to 70% by 2025. The Latin American market has unlimited potential and is becoming a new blue ocean for e-commerce, and Chile just happens to be a good choice. Heading into the e-commerce market in Chile, you need to know in advance the two major challenges you will face: payments and logistics.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;First, logistics has always been one of the top hurdles that Chilean e-commerce needs to address. &lt;/strong&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;With the rapid development of the e-commerce industry, Chilean consumers have higher and higher requirements for logistics, and they want to enjoy convenient and fast logistics services. The high traffic complexity in South America leads to inaccurate positioning, or due to the work mobility of recipients, the delivery efficiency is very low. But Chile's logistics network is among the highest in South America, and both customs clearance and distribution face fewer challenges than other South American countries.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;In addition, the Covid-19 pandemic has also negatively impacted e-commerce, with numerous orders being canceled due to delays in delivery, insufficient supply, logistics constraints, and other factors. But compared to other Latin American countries, Chile's situation is good. In the field of e-commerce logistics, Chile ranks first among Latin American countries.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Payment methods are another challenge. &lt;/strong&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Consumers in Chile are very privacy-conscious. they may abandon their purchases if they cannot find a trusted payment method. Also, online payments in Chile are made in Chilean pesos via local banks and credit cards. In Chile, consumers also rely on cash payments.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;At present, many e-commerce platforms have learned that just having a credit card and Paypal payment cannot meet the payment needs of buyers, and they are well aware of the importance of having a flexible payment method.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Epay remittance provides bank transfer, cash payment, and electronic wallet payment methods, including the popular Chilean Servipag payment and Mercado Pago wallet payment. Servipag payment covers 40% of online shoppers and is the largest online payment provider in Chile, with more than 4,000 offline payment spots in Chile, providing consumers with bank transfer and cash collection services. The Mercado Pago wallet is similar to Alipay and is an important part of Mercador (the largest e-commerce platform in Latin America), and its importance is no less than that of Alipay and Taobao.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;At the same time, Epay also provides the same level of security and encrypted technology as banks to protect customer's privacy and property security. For domestic cross-border e-commerce practitioners who want or have already entered the Chilean market, Epay Remittance can provide you with a more professional payment solution, providing an exchange service between Chilean pesos and US dollar or euro, and a fast payment gateway service.&lt;/span&gt;&lt;/p&gt;

An Overview of Chile&mdash;Realizing the Potential South American Market

&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Practitioners in the cross-border market in 2022 will basically feel the opportunities given by the market. More export brands hope to seize the opportunity of influencer marketing and become the leading brand. According to an overseas influencer marketing research report from LINQIA, 71% of brand marketers say they will continue to increase their influencer marketing budget in the next three years.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Nearly 400 new influencer marketing platforms and agencies entered the market in 2020-2021. The influx of new institutions and practitioners into the influencer marketing market has expressed people's confidence in this industry, and the market size of the entire industry will continue to expand.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;At the same time, the search trend of the word influencer marketing on Google has also maintained a growing trend, and the attention of the whole Internet to influencer marketing has been increasing.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;A Case of Influencer marketing: How did Chinese clothing brand SheIn blow past H&amp;amp;M and Zara with US$100 billion value, ranking it among the world&amp;rsquo;s most valuable start-ups&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;&lt;a href=&quot;https://www.shein.com.hk/?ref=www&amp;amp;rep=dir&amp;amp;ret=hk&quot; target=&quot;_blank&quot; rel=&quot;noopener&quot;&gt;SheIn&lt;/a&gt;, whose Chinese name is Xiyin, is a cross-border company focusing on fast fashion.&amp;nbsp; Its main products include women's clothing, clothing accessories, home accessories, men's clothing, children's clothing, and other products. In 2021, SHEIN's app surpassed Amazon, Zara, and H&amp;amp;M to become the top shopping app download list in the United States.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;One of the reasons why SHEIN can succeed in overseas markets is that SHEIN has gained a lot of traffic by cooperating with overseas celebrities.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;In the early stage of brand development, SHEIN began to cooperate with a large number of overseas celebrities and seized the traffic dividends of overseas social media such as Instagram and Facebook at that time. In 2011, before the first generation of Chinese Internet celebrities such as Sister Furong.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;SHEIN not only wants to harvest traffic but also wants to spread the brand with influencer marketing. Therefore, the strategy adopted by SHEIN mainly chooses to cooperate with a large number of fashion and beauty influencers on Instagram, YouTube, TikTok, Facebook, Twitter and other social media platforms with different levels of fans.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;SHEIN will pay for the large and middle influencers. and for KOLs with a small number of followers, they will provide them free clothes or exclusive discounts, asking them to make unpack packages and try on clothes videos. Once the conversion is generated, the influencer can also get a 10%-20% commission share.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;SheIn's influencer marketing strategy can be said to be a model for overseas e-commerce.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Payment methods used for paying an influencer&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;At present, the common payment methods for influencers are international wire transfer, Paypal, and third-party payment companies.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;International wire transfers are slow and expensive. Paypal is an instant electronic wallet payment, which is being widely used. However, the fee for withdrawing to a US bank account is 3%, and if you want to exchange it into another currency, the fee is 4%. which is a lot for most celebrities.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Fast and cheap local currency payment method - Epay&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;&lt;a href=&quot;https://bit.ly/3PCiPqP&quot; target=&quot;_blank&quot; rel=&quot;noopener&quot;&gt;Epay&lt;/a&gt; supports pay to celebrities in more than 60 countries and regions. Funds can be sent with bank transfers, cash pickup, and e-wallets. Which are fast, cheap, and safe. No exchange loss, the handling fee depends on the recipient country, the minimum cost is only 3 US dollars per transaction, and funds can be received on the same day. Epay is a cost-effective choice for both merchants and celebrities.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;All in all, influencer marketing is necessary promoting method for modern export e-commerce. Having a good payment method can facilitate cooperation with more celebrities.&lt;/span&gt;&lt;/p&gt;

The influence of influencer marketing and how to pay KOLs

When we talk about foreign exchange and RMB exchange rate, we often hear two professional terms, one is onshore RMB and the other is offshore RMB. Do you have any doubts: both are RMB, and why should they be divided into onshore and offshore? What is the difference between them?
The Renminbi is the legal tender of the People's Republic of China, and the currency unit is "Yuan" [Yuan] (&yen;). The common currency codes for the Renminbi are RMB or CNY. In the foreign exchange market, you will also see another currency code for the renminbi which is CNH. The two refer to Onshore Chinese Yuan (CNY) and Offshore Chinese Yuan (CNH).
What is onshore RMB?
Onshore Renminbi - Renminbi business operating in the country. The central bank authorizes the China Foreign Exchange Center to announce the mid-point exchange rate of RMB against USD, EUR, JPY, and HKD on the morning of every working day as the reference price for the exchange rate in the spot foreign exchange market and bank counters. This is called onshore RMB.
What is offshore RMB?
Offshore RMB - Operating RMB business outside of China. The exchange rate at which the central bank opens up Hong Kong and other countries to conduct renminbi transactions is called offshore renminbi. Since Hong Kong is the main trading market for offshore RMB, the H of CNH refers to Hong Kong. Foreign investors generally buy offshore RMB in Hong Kong first, and then trade with mainland companies.
The difference between onshore renminbi and offshore renminbi
In 2010, the Chinese government realized the internationalization of the renminbi and launched the offshore renminbi (CNH). While both are essentially renminbi, they trade at different prices against other currencies.
<img class="wscnph" style="display: block; width: 90%; margin: auto;" src="/adminapi/config/getImg?fileName=58375345-44a8-4329-bb88-adf76095f1ef" alt="difference between onshore cny and offshore cny" />
How to Receive Offshore RMB
If you want to operate an RMB business outside mainland China, you first need to have a bank account that stores, receives, and sends offshore RMB. Epay's online bank account opening service can help companies open a Hong Kong bank account online. Online bank accounts, also known as virtual bank accounts, have the same withdrawal and deposit functions as physical bank accounts, but the account opening process and account management are simpler and more convenient. This Hong Kong bank account is a multi-functional account that can receive HKD, CNH, USD, EUR, and GBP at the same time.
100% online account opening with a highly successful account opening rate. For more details, please visit <a href="ttps://bit.ly/3PCiPqP" target="_blank" rel="noopener">Epay</a> official website

What is the Difference between Onshore CNY and Offshore CNY

when preparing for immigration, studying abroad, conducting cross-border trade, launching overseas business lines, etc., there will be a need for <a href="https://www.bankofengland.co.uk/payment-and-settlement/cross-border-payments" target="_blank" rel="noopener">cross-border remittance</a>. But why do you need to fill in SWIFT when making remittances? Sometimes you have to fill in IBAN /BSB/ ABA No./FedWire No. / Sort Code, what are they?
Because the transaction systems complied by different countries and regions are different, it is necessary to provide a designated identification code for remittances to different parts of the world. For example, IBAN is required for remittances to Europe; FedWire No. is required for remittances to the United States; Sort Code is required for remittances to the United Kingdom. And SWIFT Code, because it has been widely used all over the world, has basically become one of the necessary information for remittance.
1. Identification code for international remittance - SWIFT
SWIFT is short for Society for Worldwide Interbank Financial Telecommunication, A SWIFT code is a standard format for a business identifier code. Every bank that belongs to the SWIFT network has one or more SWIFT codes that correlate to the bank&rsquo;s business identifier code or codes. The terms SWIFT and BIC are sometimes mentioned together on banking sites since these codes or IDs are the same.
When someone needs to transfer money internationally, they&rsquo;ll need the SWIFT code for the receiving bank and the recipient&rsquo;s account number.&nbsp;
SWIFT Code consists of 8 or 11 characters and can be split into 4 parts to identify banking institutions, countries, locations, and branches. The first 4 digits are the abbreviation of the receiving bank, the 5th and 6th digits are the countries, and the 7th to 11th digits are the area identification code. For example, BKCHCNBJ400, the first 4 BKCH stands for BANK OF CHINA, CN stands for CHINA, and BJ400 stands for Guangdong Province. BKCHCNBJ400 is the SWIFT of the Bank of China Guangdong Branch.
2. Identification code used in the receiving area
<ul>
<li>IBAN｜For European remittance</li>
</ul>
IBAN is short for International Bank Account Number, which is also an international numbering system used to identify bank accounts related to cross-border transactions. Unlike SWIFT Code, the international bank code, IBAN is not only used to identify the bank, but can identify the designated account within the bank, and is often used in international transactions related to the European Union or Europe. The IBAN number is a string of up to 34 characters. The IBAN numbering regulations include country code + bank code + region + account number + verification code. When the IBAN account number is not used in the euro area, an additional manual intervention fee will be charged.
<ul>
<li>FedWire｜For U.S. money transfers</li>
</ul>
FedWire, an electronic transfer system developed by the Federal Reserve Bank (FED), provides transfer and clearing services for remittances within and outside the United States. FedWire Number (also known as ABA Number / Routing Number) can be used to identify different banks or financial institutions in the United States to facilitate transactions such as local money transfers or international money transfers. Composed of 9 digits (8 digits + 1 verification code), it is mainly used in the United States and North America.
<ul>
<li>BSB ｜Suitable for remittance of AUD/NZD to Australia</li>
</ul>
BSB Number is the wire transfer clearing network code used in Australia and other places, namely Bank State Branch Number. Mainly used in Australian and New Zealand dollar banks and when clearing payments to Australia. Usually, it is 6 numbers.
<ul>
<li>Sort Code｜For remittances from GBP to the UK</li>
</ul>
Sort Code is SC. Just like the IBAN number is usually required for remittances to the UK, and a Sort Code is also required for remittances to GBP so that the clearing bank can transfer the funds to the correct UK bank account.
We can usually find the Sort Code by logging into the bank account or checking the bank statement to receive payment.&nbsp;
<ul>
<li>TRANSIT NO| For remittance of Canadian dollars to Canada</li>
</ul>
TRANSIT NO is CC, which must be provided to remit Canadian dollars to Canada. It consists of 9 digits (4 digits of bank number + 5 digits of branch number).
Traditional wire transfer is too cumbersome. If you fill in the wrong information, the remittance will be unsuccessful and you will lose a lot of handling fees and your precious time.
In fact, cross-border remittance does not need to be so complicated! Epay remittance is much easier! Using Epay to send money to any country or region in the world, you only need to select the region and currency in the Epay system and fill in the payee information.&nbsp; The process is simple and easy to operate, and the arrival time is fast.&nbsp;
Come to <a href="https://www.epay.com/?remdid=200682647&amp;utm_source=Quepiao&amp;utm_medium=Press+Release" target="_blank" rel="noopener">Epay official website</a> to consult customer service to learn more!

Overseas remittance: IBAN, SWIFT, BSB,etc. do you know what they are?

&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;The Euro has fallen sharply against the dollar to its lowest since 2002 since the Russo-Ukrainian War, as soaring natural gas prices and uncertainty over Russia's energy supplies sparked fears of a recession in Europe.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Euro is depreciating and will continue to go down&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Soaring natural gas prices and fears of Russia not supplying gas have caused gloomy future prospects for the Euro. The major economies of Germany and Italy over-reply on Russian gas, which makes the investors worried. Economists predict that the Eurozone will face a faster and more painful recession than the dollar zone.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;At the same time, the Federal Reserve has raised interest rates much faster than the European Central Bank, which has pushed U.S. bond yields higher than European and prompted investors to move toward the dollar and away from the euro. What's more, the dollar benefits from its status as a safe-haven asset, which means the euro is likely to continue to weaken as the conflict continues and the fallout worsens.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;How does a weaker Euro affect consumers?&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;European households and businesses already struggling with high inflation will face an even greater burden as the euro slides. A weaker currency will make most dollar-denominated imports more expensive. When these items are raw materials or intermediate goods, higher cost prices can push up local prices further.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;It&amp;rsquo;s time to immigrate&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;If you're worried about inflation and the supply issue of gas, It's time to think about immigration, and Southeast Asia is a good choice.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;The cost of living in Malaysia is very low, compared to neighboring Singapore, both commodity prices and rents are much cheaper. Comprehensive food, housing, transportation, entertainment and living expenses, and other expenses, a single person only needs about &amp;euro;520 per month for living expenses, while a two-person family of three people costs about &amp;euro;868&amp;nbsp; excluding children's education expenses. If you are applying for the &quot;Second Home Program&quot; (MM2H), you need to bring funds of 350,000 to 500,000 ringgits（&amp;euro;109,830） to the local area.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Whatever the reason for moving to Malaysia, you may need to remit euros to cover your earlier living expenses. However, since the Malaysian Ringgit is not a commonly used currency in Europe, the bank may not clearly state the exchange rate, and there may be additional charges for remittance. In fact, there are many online remittance experts with transparent operations. For example, Epay uses the market exchange rate and can lock the amount received. You can remit as much as you want to make your expenses more budgetary.&lt;/span&gt;&lt;/p&gt;
&lt;ol&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt; Food&lt;/span&gt;&lt;/li&gt;
&lt;/ol&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Prices in Malaysia are at least half the level of neighboring Singapore. The locals usually visit Hawker Centers or cheap ordinary restaurants. Even families without food or migrant workers don&amp;rsquo;t have to worry about overspending. Based on the daily meal cost of &amp;euro;6, the monthly meal cost is about &amp;euro;180. You can also save some money if you cook at home occasionally.&lt;/span&gt;&lt;/p&gt;
&lt;ol start=&quot;2&quot;&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt; Housing&lt;/span&gt;&lt;/li&gt;
&lt;/ol&gt;
&lt;ul&gt;
&lt;li style=&quot;font-weight: 400;&quot; aria-level=&quot;1&quot;&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Rent a house&lt;/span&gt;&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;When renting a property in Malaysia, the minimum lease period is one year. For foreign tenants, it is more common to sign a two-year contract, and the rent will be cheaper than a one-year contract. Also, be aware that landlords may require tenants to pay a security deposit equivalent to about 4-5 months of rent. Fortunately, even though there is no rent control in Malaysia, there is a problem of oversupply of housing locally, so there is generally no need to worry about a sudden surge in rents.&lt;/span&gt;&lt;/p&gt;
&lt;ul&gt;
&lt;li style=&quot;font-weight: 400;&quot; aria-level=&quot;1&quot;&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Buy property&lt;/span&gt;&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Although the property price in Malaysia is very cheap, the national average property price is only about &amp;euro;62259 (about 283368 MYR), but the local government has restrictions on foreign buyers, and the property price threshold varies from state to state, ranging from 40-200 Thousands of ringgits. However, if it is an application of the Second Home Program (MM2H), the threshold will be lowered, and the lowest state (Sarawak) is only &amp;euro;4343.&lt;/span&gt;&lt;/p&gt;
&lt;ol start=&quot;3&quot;&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt; Transportation&lt;/span&gt;&lt;/li&gt;
&lt;/ol&gt;
&lt;ul&gt;
&lt;li style=&quot;font-weight: 400;&quot; aria-level=&quot;1&quot;&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;The public transport fee only takes about &amp;euro;5 per month.&lt;/span&gt;&lt;/li&gt;
&lt;li style=&quot;font-weight: 400;&quot; aria-level=&quot;1&quot;&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Drive yourself. The average cost is about &amp;euro;175 per month, including miscellaneous expenses such as car rental, insurance, petrol, and maintenance.&lt;/span&gt;&lt;/li&gt;
&lt;/ul&gt;
&lt;ol start=&quot;4&quot;&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt; Entertainment and living expenses&lt;/span&gt;&lt;/li&gt;
&lt;/ol&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;The budget for entertainment and living miscellaneous expenses is generally around &amp;euro;65 per month, depending on individual needs.&lt;/span&gt;&lt;/p&gt;
&lt;ol start=&quot;5&quot;&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt; Other expenses (if applicable)&lt;/span&gt;&lt;/li&gt;
&lt;/ol&gt;
&lt;ul&gt;
&lt;li style=&quot;font-weight: 400;&quot; aria-level=&quot;1&quot;&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Education expenses&lt;/span&gt;&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Malaysia is a multi-ethnic country with different types of schools. Government schools use the national language (Malay) as the medium of instruction, there are government-funded government Chinese schools that use Mandarin, and international schools use English.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;The Malaysian government provides 11 years of free education (6 years of primary school and 5 years of secondary school) and has a national education curriculum, but it is only applicable to government schools, while private schools and international schools can set their own tuition fees and are not subject to national education laws. constrained. Tuition fees for primary to secondary schools start from &amp;euro;580 per annum and can go up to more than &amp;euro;14500.&lt;/span&gt;&lt;/p&gt;
&lt;ul&gt;
&lt;li style=&quot;font-weight: 400;&quot; aria-level=&quot;1&quot;&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Maid fees&lt;/span&gt;&lt;/li&gt;
&lt;/ul&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;If there are children in the family, many families will consider hiring a helper. In Malaysia, maids of different nationalities will have different statutory minimum wages, Indonesian maids are RM900 per month, while Filipino maids are &amp;euro; 230 per month, plus a one-time agency fee of &amp;euro; 550.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Except for Malaysia, Thailand is also a nice choice because of its friendly immigration policies and low consumption level. Epay helps those who plan to immigrate to Malaysia or other Southeast Asia countries solve currency exchange issues.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;Epay, is a secure, fast, and low-cost global payment solution provider dedicated to the remittance industry for over 8 years old. Our local bank transfer allows you to exchange your Euro assets to Ringgit Malaysia（MYR）in the cheapest and fastest way so that you can successfully migrate earlier.&lt;/span&gt;&lt;/p&gt;

Best Southeast Asian Cities for Europeans to Immigrate

Latin America with a large population has achieved rapid economic development in recent years and is known as the BRICS market in the next decade.
In 2020, Latin America grew by 36.7%, ranking first in the world. In 2020, Argentina's retail e-commerce market grew the fastest, with an increase of 79%; Brazil increased by 35%, ranking fourth in the world; Mexico increased by 27%, ranking 17th.
<img class="wscnph" style="display: block; width: 90%; margin: auto;" src="/adminapi/config/getImg?fileName=2c0029cc-7af9-4e8b-80de-b5e582aa4e06" alt="Latin American economies in 2020" />
<img class="wscnph" style="display: block; width: 90%; margin: auto;" src="/adminapi/config/getImg?fileName=bc56fbb9-d756-4e09-8f4c-19d1d3aa881e" />
The fast-growing Latin American e-commerce market has attracted many cross-border e-commerce suppliers to enter the local area. It is expected that the overall e-commerce development in Latin America will be booming in the next few years.
HKTDC Research held a seminar on "Developing E-commerce Business in Latin America" earlier and invited HKTDC's global market economics specialist Fu Chile to discuss the market and economic structure and share development experience.
Fu Zhile pointed out that Brazil and Mexico are the largest markets in Latin America. Among the top 10 Latin American economies in 2020, the highest share of GDP in Brazil (33%), followed by Mexico (25%).
<img class="wscnph" style="display: block; width: 90%; margin: auto;" src="/adminapi/config/getImg?fileName=a95dc0ae-0336-4a13-99a8-2c2772c208e2" alt="highly concentrated market in Latin American" />
Brazil is the most populous, with more than 200 million people, and Mexico has about 130 million people.
In per capita income, Chile ranks first among the ten largest economies in Latin America with nearly US$13,000 (equivalent to approximately RMB 82,693), while Costa Rica (equivalent to approximately RMB 76,332), Argentina and Mexico (equivalent to approximately RMB 54,068) are also higher than The average level in the region (equivalent to about RMB 51,524).
Fu Chile said that the largest cities in Latin American countries are usually capitals, with a high proportion of the population. Among them, the population of the capitals of Argentina, Peru and the Dominican Republic accounts for three-quarters of the country's population.
It is worth noting that the populations of the capitals of Chile and Guatemala also account for nearly half of the national population, and the capital circles of the two countries have accounted for 90% of the national wholesale activities.
<img class="wscnph" style="display: block; width: 90%; margin: auto;" src="/adminapi/config/getImg?fileName=cd5e17a5-d4c5-4e21-803a-85a36aac0c95" alt="Rise of e-commerce in Latin American" />
With the exception of Argentina, inflation in Latin America's 10 largest economies is fairly stable, at 2% to 5% in 2020.
Argentina has experienced hyperinflation from time to time over the past few decades, most recently starting in 2019, with official inflation reaching as high as 50%, mainly due to excessive currency issuance to repay foreign debt. In order to solve the economic crisis, Argentina implemented foreign exchange and price controls in 2020 and discussed the debt issue with the International Monetary Fund (IMF) in December 2021.
Fu Chile believes that Chile, Argentina, and Mexico are the most noteworthy.
In addition to the large population, the per capita income of these three countries is not bad, and the local consumption power is expected to be quite large. Therefore, Chinese merchants can consider looking for local partners to operate local logistics, transportation, and wholesale. It is estimated that the business can cover most of the target customers.
As COVID-19 continues to spread, Latin American countries vigorously promote vaccination programs. By the day of the workshop, more than 85% of Chile's population had received two doses of the vaccine.
At the same time, the epidemic has also created a new market for online shopping in the region. According to a survey, 73% of Latin American online shoppers downloaded mobile shopping apps during the epidemic. Peru and Colombia have nearly 70% of online shopping on mobile phones, and Chile has an online bank account ratio of more than 70%.
<img class="wscnph" style="display: block; width: 90%; margin: auto;" src="/adminapi/config/getImg?fileName=c54d2384-5ede-4d11-892a-d38be5ae61c3" alt="Retail eCommerce sales growth worldwide, by region, 2020" />
In terms of shopping platforms, the top 3 of the top 10 Latin American online shopping platforms in 2020 are Argentina-based MercadoLibre or Mercado Livre, with users mainly from Brazil, Mexico and Argentina, and other populous countries. In addition, more Latin Americans use Falabella, headquartered in Santiago, Chile.
For future development, Fu Zhile quoted statistics and pointed out that 70% of online shoppers said they would continue to consume online and use electronic payment after the epidemic. Therefore, many Latin American countries are taking the opportunity to actively promote the development of e-commerce. For example, Colombia has a national policy to promote e-commerce, and Chile has reduced taxes on mobile phone purchases.
He expects that the e-commerce market in most countries in Latin America will flourish in the next few years, especially the e-commerce market size of Brazil, Mexico, Chile, Colombia, and Peru, which is expected to grow by an average of 35% or more.

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