Airwallex, a cross-border payment enterprise, announced on the 29th that it had reached an official cooperation with Wal Mart's global e-commerce, further helping cross-border businesses grow in a diversified way.
Air Cloud Exchange said that the conclusion of this cooperation enables cross-border merchants to add Air Cloud Exchange global collection accounts as the merchant collection method of Wal Mart's global e-commerce platform, and directly enjoy the one-stop global collection and payment capabilities of Air Cloud Exchange global corporate accounts. After connecting to the global enterprise account of Air Cloud, merchants will continue to improve in aspects such as full chain fund flow, compliance and security, and operational efficiency.
As an omnichannel retailer, Walmart has achieved rapid development in the e-commerce field since its transformation and upgrading in 2018, thanks to its strong offline store network, Walmart. com's accumulated customer base, and existing logistics and warehousing capabilities.
Statistics from market research organization Statista shows that in 2022, Wal Mart's global e-commerce market share in the U.S. e-commerce market will reach 9%, second only to Amazon, and become one of the largest e-commerce platforms in the United States. In the fiscal year 2023, Walmart's sales in the United States increased by 6.6% year-on-year, while e-commerce sales increased by 12% year-on-year. Since 2021, Wal Mart's global e-commerce has been open to Chinese sellers, becoming a new choice for Chinese cross-border sellers.
AirCloud currently holds payment and related financial service licenses in multiple countries and regions around the world, including mainland China, Hong Kong, Singapore, the United Kingdom, the European Union, the United States, and Australia. It provides payment and financial services to enterprises worldwide in accordance with local licensing requirements, and has supported payments in 23 currencies and global payments in 150 countries and regions.
In order to better help Chinese overseas merchants expand Wal Mart's global e-commerce opportunities, from March 1 to June 30, 2024, Air Cloud Exchange will also launch a limited time benefit activity. After binding Wal Mart's global e-commerce account, new users can experience a 120 day limited time discount of 0 rate for collection and withdrawal.