Nihao Pay and PolyFlow form strategic partnership to expand PayFi solutions in cross-border payments
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Nihao Pay and PolyFlow form strategic partnership to expand PayFi solutions in cross-border payments
This collaboration between NihaoPay and PolyFlow will further expand the application scenarios of crypto payments, building upon traditional payment pathways to reach hundreds of millions of crypto users.
Navigating Web3 tides with focused insights
PolyFlow, the world's first modular PayFi infrastructure, announces a strategic partnership with Nihao Pay, a leading company in cross-border payments. This collaboration deeply integrates PayFi technology into cross-border payment systems, 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, driving industry advancement.
The rapid growth of e-commerce and surging demand for digital payments are fueling fast expansion in the payment gateway market. Market research indicates that the global payment gateway market is expected to reach tens of billions of dollars by 2027. Payment gateways are critical technical components in e-commerce transactions, responsible for processing and authorizing payments between merchants and customers, ensuring secure transmission of payment information across parties.
As a leading cross-border payment provider and global partner of UnionPay, WeChat, and Alipay, Nihao Pay processes millions of dollars in transactions daily, serves thousands of active users, and operates in over 100 countries worldwide. Nihao Pay empowers global retailers by supporting mainstream Chinese payment methods such as UnionPay, Alipay, and WeChat Pay—enabling Chinese consumers to shop freely around the world using their preferred payment methods without currency exchange or switching to VISA and MasterCard.
This collaboration between NihaoPay and PolyFlow will extend cryptocurrency payment use cases beyond traditional payment channels, reaching hundreds of millions of crypto users. Leveraging PolyFlow’s strengths as PayFi infrastructure, the partnership will also help NihaoPay integrate into the decentralized finance (DeFi) ecosystem and explore innovative PayFi applications.
The Tremendous Potential of PayFi in Cross-Border Payments
PayFi combines the advantages of Web3 payments and decentralized finance (DeFi), aiming to enable efficient and free value transfer. It accelerates instant settlement, reduces transaction costs, and through blockchain network architecture, delivers asset sovereignty and permissionless financial innovation to users worldwide. As a core builder of PayFi infrastructure, PolyFlow provides the operational framework for asset custody and compliant access for PayFi applications. The collaboration between PolyFlow and NihaoPay will jointly explore the boundless possibilities of integrating cross-border payments with PayFi.
PolyFlow’s Stablecoin Payment Solution
Industry developments such as PayPal launching its PYUSD stablecoin and Stripe acquiring Bridge for $1.1 billion highlight the significant advantages of stablecoin-based payment settlement in cross-border transactions and payment gateways. Compared to traditional payments with complex fee structures and multiple intermediary layers, stablecoin-based solutions can significantly streamline processes, reduce costs, and enhance efficiency. Through PolyFlow’s modular infrastructure, NihaoPay will enable stablecoin-powered payment scenarios, further optimizing merchant payment experiences and driving cost reduction and efficiency gains.
Innovative Payment Scenario: The "Buy Now Pay Never" Model
Over the past decade, the widespread adoption of "Buy Now Pay Later" (BNPL) services in global e-commerce has demonstrated its market potential. With the rise of crypto finance, PayFi innovations are pushing BNPL toward a more advanced form—"Buy Now Pay Never." With technical support from PolyFlow, the first modular PayFi infrastructure, NihaoPay will soon offer users a payment experience approaching "Buy Now Pay Never," enabling consumers to enjoy "interest-earning purchases" while helping merchants increase sales conversion rates and order values.
PolyFlow co-founder Raymond believes: "The innovative scenarios enabled by PayFi go far beyond this. We look forward to exploring the future of PayFi together with NihaoPay and delivering an even more exceptional payment experience for users."
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 enterprises. Acting as a bridge between global merchants and consumers, Nihao Pay supports various partners and businesses in maximizing their commercial potential. Nihao Pay processes hundreds of millions of dollars in transactions annually, handles millions of dollars in daily transactions, serves users across more than 100 countries, and holds a 40% market share in the U.S. cross-border payment market. Nihao Pay is also a trusted partner of UnionPay, WeChat Pay, and Alipay.
About PolyFlow
PolyFlow is an innovative PayFi protocol designed to connect real-world assets (RWA) with decentralized finance (DeFi). As the infrastructure layer of the PayFi network, PolyFlow decentralizes the integration of traditional payments, crypto payments, and DeFi to handle real-world payment scenarios. PolyFlow provides the essential infrastructure to ensure compliance, security, and seamless integration of real-world assets, paving the way for a new financial paradigm and industry standards.
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