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April 12, 2024

Wallex Industry Insights: Japan

The Wallex Industry Insights series is geared to provide valuable perspectives on key industries driving growth in dynamic economies around the region. Explore the latest insights into Japan's economic resurgence and discover how seamless cross-border transactions with Wallex can fuel your success in the Japanese market.
Articles
5 min

In the land of the rising sun, a new dawn emerges for investors as the Nikkei charts unprecedented heights. Is Japan, renowned for its rich cultural heritage and technological innovation, poised for a financial renaissance?

In this edition of Wallex Industry Insights, we analyse what contributed to the rise of the Nikkei and examine the industries poised to ignite a revitalisation in the Japanese shares market.

Join us as we explore the intricate tapestry of Japan's economic landscape, including an in-depth look at the history and significance of the Nikkei index.

From its humble beginnings to its current status as a global economic barometer, we unravel the layers of this iconic index to provide a comprehensive understanding of its role in shaping Japan's financial future.

Quick Facts: What is the Nikkei?

  • The Nikkei, otherwise known as Japan's Nikkei 225 Stock Average, is Japan’s leading stock index that comprises the top 225 blue-chip stocks in Japan.
  • The Nikkei is the Dow Jones Industrial Average (DJIA) equivalent in the United States.
  • The Nikkei is a price-weighted index, in which each component of the index is weighted according to its current share price (i.e. the index is an average of the share prices of all listed companies).
  • Examples of notable companies featured in the Nikkei: Canon Inc, Honda Motor Company, Nissan Motor Company, Sony Corporation, Toyota Motor Corporation.
  • The Tokyo Price Index (TOPIX) is another Japanese stock index that is a capitalisation-weighted index that includes all the stocks in the Tokyo Stock Exchang
🔑 Read More: The Wallex Country Report: Indonesia

History of the Nikkei

Originally known as the Nikkei Dow Jones Stock Average between 1975 and 1985, the index is now named after the Japan Economic Newspaper (Nihon Keizai Shimbun) – otherwise known as Nikkei – which finances the calculation of the index.

Calculations of the index began in September 1950, with data retroactively applied from May 1949. The Nikkei was inaugurated during Japan’s post-World War II reconstruction and industrialisation era. Unlike other indexes that are ranked by market capitalisation, the Nikkei’s constituent stocks are ranked by share price, with valuations denominated in Japanese yen. An annual review takes place every September to implement any necessary adjustments to the composition of the Nikkei.

Behind the Rise of Nikkei

Since 2024 started, Japanese stocks have surged to surpass the historic peak set over three decades ago, as global investors (majority of whom were first-time investors into the country) funnel funds into a nation they believe is finally emerging from deflation and is now on a trajectory toward sustainable economic expansion.

On 22 February 2024, the Nikkei 225 Index closed at 39,098.68, breaching its previous record. This surge was propelled by gains in technology stocks and semiconductor equipment manufacturers following Nvidia's impressive sales forecast. This remarkable resurgence, which exceeded even the duration of Wall Street's recovery from the crash that precipitated the Great Depression, signifies a revival for Japan's stock market.

Behind the Rise of Nikkei | Wallex

But what exactly sparked this rise in 2024? Which industries were the main players behind this economic comeback? And what opportunities does this present to international businesses?

Amidst this resurgence, specific industries have played a pivotal role in driving Japan's economic growth. Our analysis will zoom in on these sectors, exploring how advancements in technology, particularly in the semiconductor and tech industries, have fuelled investor optimism.

Japan’s Manufacturing Sector

The growing optimism in Japan’s stock market is in large part due to the record earnings in the manufacturing sector, where aggregate net profits listed by Japanese manufacturers rose by more than 20%.

The automotive industry, in particular, has emerged as a powerhouse driving earnings growth within the manufacturing landscape. Profits of car manufacturers and related components surged by an impressive 95%, reaching that of 4.550 billion yen. This figure accounts for approximately 40% of the total earnings in the manufacturing sector, underscoring the pivotal role of the automotive industry in Japan's economic revival.

Notably, industry titan Toyota Motor witnessed net profits soaring 2.1 times to 3.950 billion yen in the first three quarters of the fiscal year. This remarkable growth trajectory can be attributed largely to robust sales of hybrid vehicles in the lucrative North American market, positioning Toyota as a frontrunner in driving the resurgence of Japan's automotive sector.

Japan’s Chip Industry

Japan’s official support for the semiconductor industry expenditure, relative to its GDP, is

Referencing a report by Nikkei News, Japan’s official support for the semiconductor industry expenditure, relative to its gross domestic product (GDP), far surpasses that of her counterparts such as the United States and other major Western countries.

Once a chip-making powerhouse, figures from the Japan’s Ministry of Finance’s Fiscal System Council reveal an investment of JPY 3.9 trillion (USD $26 billion) – equivalent to 0.71% of its GDP – to revive the semiconductor industry, with a strategic focus on chips used in the automotive sector.

Of this substantial amount committed, a third of it has gone to Taiwan Semiconductor Manufacturing Company, that promises to revitalise the unassuming Japanese farm town of Kikuyo into a key node in Asia’s chip supply chain.

🔑 Read More: MYR Economic Insights: A Trade Statistics Special

How international businesses can tap on Japan’s revitalised industries?

As Japan's manufacturing sector experiences a resurgence, international businesses have a prime opportunity to capitalise on the potential of the automotive industry’s strengthening position. With the automotive industry leading the charge, driven by robust profits, global companies can explore partnerships and expansion opportunities within Japan's dynamic market.

Additionally, Japan's commitment to revive its semiconductor industry presents a promising avenue for international businesses to tap into cutting-edge technology and innovation. By leveraging Japan's strategic focus on key sectors such as automotive and semiconductor manufacturing, international businesses can pivot their strategies to target the Japanese market and achieve sustained growth and success in one of the world's most vibrant economies.

🔑 Read More: Businesses Who Transformed Their Cross-Border Payments Experience With Wallex

Let Wallex be your trusted cross-border payment provider

As you extend the footprint of your international business globally, your need for a trusted cross-border payment specialist will only grow stronger.

Navigating the complexities of international payments, including fluctuating exchange rates and varying fee structures, are real and significant challenges. However, they should not be taking up your time, detracting you from focusing on growing your business.

In such a dynamic and competitive landscape, Wallex has been a proven cross-border payment partner for over 35,000+ clients and counting. To experience the Wallex difference, speak with us today!

August 25, 2023

How Could De-dollarisation Disrupt the Global Economy?

Explore the potential consequences of de-dollarization on the global economy. Understand how a shift away from the US dollar as the world's primary reserve currency could impact international trade, financial markets, and geopolitical dynamics.
Business Tips
5 min

While it has yet to happen on a significant level, there are murmurs of de-dollarisation among nations who want to reduce their reliance on the US dollar. If such a movement were to gain momentum it could have significant implications for the global economic situation.

In this article, we will take a look at what some of these implications may be, how it affects other currencies, the way nations and businesses transact, and more.

Key Takeaways:

  • De-dollarisation is the process of a country reducing its reliance on the USD in international transactions
  • Such strategies may be motivated by concerns over the United States’ fiscal policies, economic performance, and geopolitical hostilities
  • De-dollarisation could trigger market instability and shift the dynamics of cross-border trade

Understanding de-dollarisation

De-dollarisation refers to the process in which countries reduce their dependence on the US dollar and diversify their currency reserves. This movement has already gained some traction in recent years, with several countries taking steps to shift away from the USD in their economic dealings.

However, the US dollar has been the world’s reserve currency for over 70 years. Why would a country want to take the potentially risky decision to move away what is traditionally considered to the a safe haven?

Let's look at some key reasons.

1. Fears over stability

As it stands, the USD is the dominant currency in the world, and was used in nearly 80% of global trade between 1999 and 2019. This gives the US a huge amount of power when it comes to setting interest rates, trade policies and other economic factors. But this, alongside concerns over inflation and the United States' budget deficit, may create large fluctuations in its value, which can be concerning for countries who hold significant amounts of USD.

2. Geopolitical tensionand hostilities

Among other tensions, the United States and its partners such as the EU are often at loggerheads with countries such as China, Iran and Russia, which typically result in trade sanctions being levied. Countries on the receiving end of these sanctions would have reduced access global markets, causing economic disruption.

3. Rising economic competition

Being the second largest economy in the world has made the Chinese yuan one of the biggest threats to the USD, and the country is also actively leading heading efforts to accelerate the movement, particularly alongside its peers in the BRICS (Brazil, Russia, India, China South Africa) nations, who account for 26% of the global economy. Increasingly, more countries such as Saudi Arabia, Iran, and Indonesia are also looking to join the bloc.

4. Cryptocurrencies

Another factor catalysing de-dollarisation is the emergence of cryptocurrencies, which many feel may potentially be an alternative to fiat. Some, like Bitcoin, are fully decentralised and insulated from interference by institutions like central banks, making them an attractive alternative.  Already, countries like Venezuela have fully embraced Bitcoin in their bid to de-dollarise, and Honduras has set up a special economic zone where Bitcoin is accepted as legal tender.

Potential impacts of de-dollarisation on the global economy

No one can say for certain what can happen in a world where the USD is not the de facto currency because there are many variables to consider, such as the extent of de-dollarisation, and which currencies emerge to take its place, if any.

In the hypothethical event that the US dollar is ever dethroned, there is little doubt that global financial markets will be thrust into turmoil, with the scenarios below being potential outcomes.

Reshape hierarchy between currencies

De-dollarisation could fundamentally alter the balance of power among different currencies in the global financial system. Should nations ever actively distance themselves from the USD, currencies from some of the largest economies or blocs could gain greater prominence in international transactions, particularly those of major economies such as the euro, yen, and yuan.

  • Euro: The euro could become the primary currency for trade within the European Union and could also gain greater acceptance for international transactions.
  • Yen: The yen may benefit from Japan's position as a major creditor nation and its role as a hub for financial markets in Asia.
  • Yuan: The yuan could become a more widely used currency for international transactions, particularly in Asia, as China seeks to strengthen its economic and financial influence.

Currently, the USD, the euro, the yen, the pound sterling, and the Swiss franc are the primary reserve currencies, with the USD making up nearly 60% of total global foreign exchange reserves. If the de-dollarisation movement ever gains pace, other currencies may take its spot. For instance, China's yuan has become increasingly popular in international payments and could emerge as a viable substitute.

The transition to alternative reserve currencies could lead to changes in the structure of the international monetary system. Multilateral efforts might arise to create mechanisms for stabilising and coordinating different reserve currencies. These efforts could involve the International Monetary Fund (IMF) and other international organisations coming together to ensure the stability and liquidity of the global financial system in the absence of a single dominant currency.

🔑Read more: Foreign Exchange (Forex) Rates: How Do They Actually Work?

Introduce market volatility and instability

Exchange rate fluctuations between the USD and other currencies could trigger significant movements in currency markets, impacting international trade competitiveness, cross-border investments, and even triggering speculative trading. Such exchange rate volatility can create uncertainty for businesses and investors, affecting their risk management strategies and decision-making processes.

Capital flows would almost certainly be affected as investors reassess their portfolios in response to changing currency dynamics.

Financial institutions and governments are likely to respond by developing new risk management frameworks. Hedging mechanisms such as currency swaps, options, and forward contracts, might become more prominent, and new financial instruments may even emerge.

Shift dynamics of cross-border trade

Almost immediately, there would be newfound complexities over the way nations approach existing trade agreements and frameworks. Without a standard underlying currency, they would have to renegotiate, redraw, or even reconsider these contracts, which could hurt employment, agricultural output, manufacturing and more on both sides of the equation.

Businesses might also have to prepare themselves for higher transaction costs because now, they would need to convert currencies more often and navigate more complex payment systems. The use of multiple currencies and settlement systems could also make international transactions more complex and less efficient.

Complications are likely to arise in the commodities market where oil, gold, grain, and others are usually quoted in USD. The shift to another currency may make trading difficult, with other consequences that range from trade imbalances to supply chain shortages and even food security concerns.

One bright spot that de-dollarisation shines on trade is that it could potentially open up new markets and opportunities for countries that have never been heavily reliant on the USD. Gaining new access to diverse currency markets could promote economic growth and diversification for these countries and pave the way for stronger financial inclusion worldwide.

Accelerate adoption of cryptocurrencies

In a world where the dollar is no longer king, there is a possibility that digital currencies will play an important role in international transactions. One of the primary advantages of cryptocurrencies like Bitcoin is its decentralised nature, making it less susceptible to government or central bank interference.

Bitcoin has already emerged as a potential alternative to traditional fiat currencies in international transactions. In recent years, many cryptocurrency exchanges have begun offering services to facilitate cross-border payments, allowing users to send and receive funds in various digital currencies, making it a viable option for those seeking to reduce their reliance on traditional banking systems and fiat currencies.

Moreover, cryptocurrencies may also provide a solution to the challenges posed by fluctuating exchange rates and the costs associated with currency conversion. As digital currencies become more widely accepted, they could help to streamline international transactions and reduce overhead costs for businesses.

Drive up debt that has been issued in dollars

Nations and companies that have issued dollar-denominated debt might face challenges as the value of their domestic currency may depreciate relative to the dollar, drastically increasing the cost of servicing the debt.

For emerging market economies, the risk and costs involved will be more severe as a further weakening of their currency against the USD could lead to budgetary pressures, economic instability, and potential sovereign default risks.

Investors are likely to reassess their appetite for dollar-denominated debt from countries undergoing de-dollarisation as well. Faced with higher currency risk, investors will demand higher yields as compensation, making it more expensive for these countries to access international capital markets. This could limit their ability to raise funds for development and investment projects.

Could de-dollarisation really happen?

One thing to note is that the scenarios listed above are just possibilities, which means it is unlikely to happen in the near future. While there have been efforts by countries like China and Russia to promote the use of their own currencies, the USD still accounts for the majority of cross-border payments.

The pace of de-dollarisation efforts is also uncertain, with some countries and regions moving faster than others. The success of these efforts will depend on a variety of factors, including political stability, economic growth, and technological advancements.

While there may be growing interest in diversifying currency reserves, concerns about the viability and readiness of alternative currencies persist. The complexities and uncertainties surrounding alternative currencies, combined with the intricate web of global financial relationships, indicate that a complete de-dollarisation in the near future is highly improbable.

Hedge against currency volatility with Wallex

Fluctuations in currency values are a given, and the best way to hedge your risk is to diversify your currency holdings. Wallex lets you do just that with its Multi-Currency Account, allowing you to hold 13 top global and Asian currencies including the GBP, EUR, SGD, CHF, and JPY.

The Multi-Currency Account also makes it possible for you to hold currencies for as long as you want, so you can easily manage your currencies and time your conversions to when rates are favourable.

Wallex, however, does more than help you hedge against currency volatility. Our platform takes away the complexities and costs that businesses face when moving money across borders. Payments are faster and easier with Local transfers, collections can be made in 36 different currencies, and you can enjoy round-the-clock support from a dedicated Account Manager should you encounter any issue.

Learn more about Wallex here or get in touch today!

May 19, 2023

The Ultimate Checklist: What Does a Top-Notch B2B Payment Solutions Provider Look Like?

Historically, international payments were always time-consuming and arduous. Only about two decades ago, making a cross-border payment would require you to go to your local bank and fill up a transfer form manually. In addition, these global payments always came with a hefty fee, be it .
Articles
5 min

Historically, international payments were always time-consuming and arduous.

Only about two decades ago, making a cross-border payment would require you to go to your local bank and fill up a transfer form manually. In addition, these global payments always came with a hefty fee, be it a markup on the FX conversion rates or the bank’s fees.

This, obviously, did not last because time is money, and this gruelling process was a gargantuan obstacle for global expansion.

In the last two decades, the world has seen the rapid evolution of international payment systems and services. So much so, we’re at a point where trillions of dollars in hundreds of different currencies can flow across borders in real time. This is thanks to both the banks’ innovative approaches, the establishment of global networks,and the rise of specialist payment providers, like Wallex, that offer an alternative.

FinTech companies not only reduce the barriers to entry for international payments, they’re also fully compliant with local regulations, transparent, may offer API solutions, and possibly an even better customer experience.

The importance of a long-term global payment service provider

As innovation comes and goes, so do payment service providers (PSPs). Case in point, in 2023, American Express announced the termination of its foreign exchange services for business clients. Consequently, their clients have no choice but to seek an alternative PSP before the company officially halts its services.

Depending on the timeline given, it has the potential to impact day-to-day operations and lead to even greater risks.

But on the flip side, if the selection of a PSP is done right, it permits your business to scale up more efficiently, without incurring the hefty cost of constantly switching between PSPs.

With that said, whether you’re seeking an alternative to AMEX or on the hunt for a new global payment service provider (PSP), here are five items you should consider.

Reliability

AKA, anti-fragile, pivots on one notion — avoiding causes of operational delays.

In the payments industry, there are certain periods where there is a heightened demand for international transfers or foreign currency exchange. These may be predictable periods such as local holiday seasons or unpredictable periods such as global trade conflicts.

A reliable PSP platform must have the capability of withstanding high volumes without any service disruption. This not only avoids any potential delay of the payment, it also prevents slippage if foreign currency exchange is involved.

Above that, the reliability of the PSP also involves the longevity of the platform. In the event of an exit (like AMEX), customers have no choice but to re-set up their cross-border transaction operation with another global payment solution provider. This, of course, will eat up time and effort, at the very least. And at worst, it may cause further disruption and bottlenecks in international operations or cash flow issues.

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Read more: Top 4 Ways To Make Overseas Payments For Businesses 2023

Security

The security of a platform comes in two facets — reconciliation and compliance.

Reconciliation is the process in which the two sets of records (the originator’s and the beneficiary’s records) are checked against each other to ensure consistency. In practice, this process typically involves checking invoices against bank statements and making sure that the payment is made correctly. And if there are any inconsistencies, a good PSP makes it easy for its users to reconcile the transactions.

Compliance helps businesses avoid regulatory scrutiny. This is especially important in international transactions, which may require compliance with two or more different jurisdictions. If a PSP is not compliant with local regulations, there is always the risk that the funds will get held up before reaching their intended destination.

Additionally, both reconciliation and compliance provide clients with another level of protection against fraud by preventing engagement with non-compliant businesses or sanctioned countries.

Platform versatility

Your business isn’t static; your PSP shouldn’t either.

In a world where the slightest competitive advantage can set you apart from competitors, you should ensure your PSP is also providing access to the most powerful technology in the market.

Not just that, as your business grows, your payment needs will also grow. For instance, you may not require advanced features such as bulk payments, payment automation, or the maker-checker process now, but this may change as your business expands into different countries.

Having a platform that has a suite of products lets you scale up your processes without having to migrate to a new PSP.

User-friendliness

Integrating a new software/ecosystem is always painful. That’s because it requires internal teams to rejig existing processes and go through a steep learning curve to adapt quickly.

A great PSP pays attention to this through simple user interfaces that allow users to navigate through and utilise the platform, even without much prior training. It includes everything from the onboarding journey, right through confirming a payment.

This is pivotal for companies who are migrating from one platform to another, yet still want to avoid any operational hindrances.

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Read more: Is Wallex A Good Alternative To DBS For International Payments?

Customer support

In unprecedented situations, customer support is the handyman that will help you resolve issues promptly. Not resolving them in the quickest manner possible may lead to unprecedented costs. In less eventful periods, on the other hand, can help clients or users find ways to optimise their cross-border payments.

Customer support is also crucial in resolving disputes and chargebacks in cases such as fraudulent transactions, billing discrepancies, or even delivery disputes. Above all, having great customer support (at an arm’s length) showcases the PSP’s commitment to customer satisfaction.

Final thoughts

As the world becomes more and more interconnected, international business and trade is the natural progression. But, whether this is an opportunity, or a challenge depends heavily on the PSP.

Choosing the right global payment service provider is not just about cost, but also reliability, security, platform versatility, user-friendliness, and customer support. These are the differences between a good and a great PSP.

If you’re looking for an alternative to your current payment service provider, check out Wallex. Our 98% positive reviews are a testament that we are committed to serving our clients with the highest standards, rain or shine. Supporting your business is our business.

April 27, 2022

多数企业在业务扩张时犯的 5 个错误

如今,要全力以赴,您需要走遍全球。走向世界可为您的业务带来许多可能的好处,例如,扩大业务范围、获得高声誉的客户、降低工作费用和降低收费,举几个例子。更重要的是,在远程办公者、高级旅行者和虚拟一切(包括现金)领域,普遍合作并非如此,目前仅适用于旧时代的庞然大物。目前,各种规模的组织都在接近全球业务部门及其优势。
Articles
5 min

如今,要全力以赴,您需要走遍全球。走向世界可为您的业务带来许多可能的好处,例如,扩大业务范围、获得高声誉的客户、降低工作费用和降低收费,举几个例子。更重要的是,在远程办公者、高级旅行者和虚拟一切(包括现金)领域,普遍合作并非如此,目前仅适用于旧时代的庞然大物。目前,各种规模的组织都在接近全球业务部门及其优势。

如果您想扩展您的业务并担心可能危及您顺利开展业务的风险因素,请不要担心。我们收集了大多数公司常犯的一些错误,以便您克服它们。

1. 错误的扩张理由

在决定扩展您的业务之前,请检查它是否出于正确的原因进行。扩张应被视为实现公司目标、愿景和使命的长期战略,而不是快速赚钱的方法。在开始扩展之前,请提出以下问题;

您的企业是否有能力(财务和结构)维持增长?

您的业​​务是否灵活适应变化和升级?

你有足够的人手进行扩张吗?

您是否只是为了竞争而扩张?

2.缺乏本地化

任何国际企业都知道,不仅语言,而且价格、货币和支付本地化是在新的国外市场取得成功的关键。 支付策略对于任何想要扩展到新的国外市场的成长中的企业来说都是至关重要的。 管理复杂的金融系统和跨境交易世界对任何企业来说都是一项艰巨的任务

与 Wallex 等支付聚合商合作将简化从各种支付方式和货币到您自己的业务和首选货币的资金转移。 使用 Wallex,您将能够像当地人一样付款和收款。 您可以通过避免银行征收的不利利率和费用来减少外汇损失,并节省高达 70% 的外汇费用,从而增加您的净收益。

3. 糟糕的招聘行为

将您的业务扩展到国际市场可能是使您的市场多样化和推动财务增长的好方法,而雇用国际员工将帮助您吸引最优秀的人才。但是,国际扩张需要您处理许多行政后台任务。例如,您将需要支付国际员工的薪水。这并不像看起来那么容易,特别是如果你想确保他们得到正确的支付。

您不仅需要了解工资单和监管法律以正确支付国际员工的工资,而且您还需要有一种专门为在您所在国家/地区进行处理而创建的工资单方法。与 PayPal、电汇或信用卡支付相比,Wallex 让海外员工的付款变得简单、到达速度更快、成本更低。您将能够使用批量支付工具支付经常性发票或以最佳汇率运行工资单,并一次完成多笔付款。阅读我们关于如何支付海外员工工资的指南。


4. 对当地法律法规缺乏了解

许多企业家从未考虑过要求在国家/地区拥有组织的义务,例如,每年组织充值费用、费用一致性、审查前提条件、保留费用、资金控制等。通常,当业务人员发现前提条件是什么时,他们希望他们 从来没有设计过辅助,特别是因为通常有不那么复杂、更精通财务的选择。

我们进行了一项调查,以了解在国际市场上运营的最大挑战。 据我们的受访者称,在国际市场运营时,法律和监管合规性是最具挑战性的因素。 国际企业应考虑在其业务运营中建立合规性,包括遵守税收、财务报告、就业、反洗钱、支付、产品安全、数据保护和反奴隶制标准和法律。

在国际支付方面,没有一个国家是相同的。 每个地区都有自己的风险,但也有巨大的机遇。 选择在当地获得许可的正确支付系统非常重要。 Wallex 是一家获得完全许可的支付服务提供商,专为成长中的企业打造,在新加坡、印度尼西亚和香港受到监管。 Wallex 还在非常严格的框架内运作,以确保合规性和资金安全。

5. 违反转让定价法

制定移动估值法是为了结束书中最成熟的支出噱头之一。噱头是这样运作的:你在一个收费率低(或没有)的国家建立一个组织。您所在的高收费国家/地区的组织以低价值向其提供商品,这在高收费国家产生的收益较低。那时,您在低收费或免费国家/地区的组织以高昂的成本向您的客户提供商品,从而在低收费或免费国家/地区获得大部分收益。

移动估算法要求相关的聚会(例如,您的组织)在可管理的距离内相互领导业务。通俗地说,您在高收费国家/地区的组织需要向低收费或免费国家/地区的组织提供产品,其价值与向无关的局外人提供的价值相似。

您会惊讶于许多商业远见者从未了解过搬家估值,并认为他们已经找到了有史以来最好的评估结构。不,你不是第一个,而且有法律反对它。

April 27, 2022

多数企业在业务扩张时犯的 5 个错误

如今,要全力以赴,您需要走遍全球。走向世界可为您的业务带来许多可能的好处,例如,扩大业务范围、获得高声誉的客户、降低工作费用和降低收费,举几个例子。更重要的是,在远程办公者、高级旅行者和虚拟一切(包括现金)领域,普遍合作并非如此,目前仅适用于旧时代的庞然大物。目前,各种规模的组织都在接近全球业务部门及其优势。
Articles
5 min

如今,要全力以赴,您需要走遍全球。走向世界可为您的业务带来许多可能的好处,例如,扩大业务范围、获得高声誉的客户、降低工作费用和降低收费,举几个例子。更重要的是,在远程办公者、高级旅行者和虚拟一切(包括现金)领域,普遍合作并非如此,目前仅适用于旧时代的庞然大物。目前,各种规模的组织都在接近全球业务部门及其优势。

如果您想扩展您的业务并担心可能危及您顺利开展业务的风险因素,请不要担心。我们收集了大多数公司常犯的一些错误,以便您克服它们。

1. 错误的扩张理由

在决定扩展您的业务之前,请检查它是否出于正确的原因进行。扩张应被视为实现公司目标、愿景和使命的长期战略,而不是快速赚钱的方法。在开始扩展之前,请提出以下问题;

您的企业是否有能力(财务和结构)维持增长?

您的业​​务是否灵活适应变化和升级?

你有足够的人手进行扩张吗?

您是否只是为了竞争而扩张?

2.缺乏本地化

任何国际企业都知道,不仅语言,而且价格、货币和支付本地化是在新的国外市场取得成功的关键。 支付策略对于任何想要扩展到新的国外市场的成长中的企业来说都是至关重要的。 管理复杂的金融系统和跨境交易世界对任何企业来说都是一项艰巨的任务

与 Wallex 等支付聚合商合作将简化从各种支付方式和货币到您自己的业务和首选货币的资金转移。 使用 Wallex,您将能够像当地人一样付款和收款。 您可以通过避免银行征收的不利利率和费用来减少外汇损失,并节省高达 70% 的外汇费用,从而增加您的净收益。

3. 糟糕的招聘行为

将您的业务扩展到国际市场可能是使您的市场多样化和推动财务增长的好方法,而雇用国际员工将帮助您吸引最优秀的人才。但是,国际扩张需要您处理许多行政后台任务。例如,您将需要支付国际员工的薪水。这并不像看起来那么容易,特别是如果你想确保他们得到正确的支付。

您不仅需要了解工资单和监管法律以正确支付国际员工的工资,而且您还需要有一种专门为在您所在国家/地区进行处理而创建的工资单方法。与 PayPal、电汇或信用卡支付相比,Wallex 让海外员工的付款变得简单、到达速度更快、成本更低。您将能够使用批量支付工具支付经常性发票或以最佳汇率运行工资单,并一次完成多笔付款。阅读我们关于如何支付海外员工工资的指南。


4. 对当地法律法规缺乏了解

许多企业家从未考虑过要求在国家/地区拥有组织的义务,例如,每年组织充值费用、费用一致性、审查前提条件、保留费用、资金控制等。通常,当业务人员发现前提条件是什么时,他们希望他们 从来没有设计过辅助,特别是因为通常有不那么复杂、更精通财务的选择。

我们进行了一项调查,以了解在国际市场上运营的最大挑战。 据我们的受访者称,在国际市场运营时,法律和监管合规性是最具挑战性的因素。 国际企业应考虑在其业务运营中建立合规性,包括遵守税收、财务报告、就业、反洗钱、支付、产品安全、数据保护和反奴隶制标准和法律。

在国际支付方面,没有一个国家是相同的。 每个地区都有自己的风险,但也有巨大的机遇。 选择在当地获得许可的正确支付系统非常重要。 Wallex 是一家获得完全许可的支付服务提供商,专为成长中的企业打造,在新加坡、印度尼西亚和香港受到监管。 Wallex 还在非常严格的框架内运作,以确保合规性和资金安全。

5. 违反转让定价法

制定移动估值法是为了结束书中最成熟的支出噱头之一。噱头是这样运作的:你在一个收费率低(或没有)的国家建立一个组织。您所在的高收费国家/地区的组织以低价值向其提供商品,这在高收费国家产生的收益较低。那时,您在低收费或免费国家/地区的组织以高昂的成本向您的客户提供商品,从而在低收费或免费国家/地区获得大部分收益。

移动估算法要求相关的聚会(例如,您的组织)在可管理的距离内相互领导业务。通俗地说,您在高收费国家/地区的组织需要向低收费或免费国家/地区的组织提供产品,其价值与向无关的局外人提供的价值相似。

您会惊讶于许多商业远见者从未了解过搬家估值,并认为他们已经找到了有史以来最好的评估结构。不,你不是第一个,而且有法律反对它。

September 7, 2023

使用 SWIFT 進行 B2B 付款,還有其他選擇嗎?

隨時瞭解 Wallex 的即時 Swift 匯率。 獲取無縫國際交易和貨幣兌換的準確和最新匯率。
Articles
5 min

使用 SWIFT 進行 B2B 付款,還有其他選擇嗎?

首先,是否有 SWIFT 支付的替代方案?

嗯,是的,也不是——是的,有競爭對手;是的,有競爭對手。 不,沒有任何直接替代品。

綜上所述,存在其他消息傳遞網絡,它們各自有自己的一套優勢,但它們也受到地域的高度限制。 這違背了 SWIFT 網絡的主要目標,即標準化銀行和金融實體之間的消息傳遞和通信,以避免錯誤信息。

另一方面,還有區塊鏈應用和加密貨幣。 這些都是很好的選擇,更重要的是,它們是無國界的,但它們的估值波動和缺乏接受度使得任何企業都很難與它們進行交易。

話雖如此,讓我們深入探討 SWIFT 支付替代方案的實質內容以及 SWIFT 網絡的未來。

SWIFT有哪些優勢?

自 1973 年成立以來,環球銀行金融電信協會 (SWIFT) 一直是國際支付的標準¹。 如今,超過 11,000 家銀行和金融機構使用此消息網絡進行通信。 2022 年,SWIFT 網絡平均每條記錄有 4480 萬 條消息天。

可以肯定地說,半個世紀後,SWIFT 網絡仍然是全球匯款領域的老大哥。

這也並不奇怪,因為 SWIFT 網絡在 200 多個國家/地區運營,並確保所有付款都是真實的、未更改的且具有法律約束力。 從本質上講,該網絡使國際支付變得負責任、可訪問且透明。

SWIFT 有哪些限制?

SWIFT 網絡最顯著的缺點之一是處理時間。

通常,對於跨境 SWIFT 支付,轉賬會經過網絡內的多家銀行,並在到達目的地之前經過複雜的驗證過程。 因此,標準的全球支付平均需要兩到五天才能完成。

不僅如此,經過多家中介銀行不可避免地會增加最終成本。 這不僅使其成為一種昂貴的全球支付解決方案,而且由於成本的不確定性,企業也很難提前計劃。

多年來,隨著全球化的加速,出現了對 SWIFT 替代方案的需求。

請繼續閱讀。

全球轉賬 SWIFT 的 5 種最佳替代方案

當 SWIFT 首次進入市場時,沒有其他系統能夠為國際支付提供與 SWIFT 相同的價值。 但隨著全球支付領域的成熟以及技術的發展,出現了多種 SWIFT 替代方案。

儘管有各自的優點和局限性,但它們都有不同的用途並為用戶提供選擇。

加密貨幣

由於其成本效益和效率,使用加密貨幣向國外匯款已變得越來越流行。 此過程涉及使用加密錢包、新銀行或加密集成的金融科技平台在法定貨幣和加密貨幣之間進行轉換。 從技術上來說,這個過程被稱為“入口匝道”和“出口匝道”。

這不僅適用於比特幣(BTC)和以太坊(ETH)等流行的去中心化貨幣,還適用於央行發行的央行數字貨幣(CBDC)。 這些基於區塊鏈技術的貨幣使用戶能夠安全地進行點對點跨境實時交易。 除此之外,結算也幾乎是即時的,因為它不需要任何中介機構。

相反,這是為加密貨幣的速度和透明度付出的代價:

保護——儘管區塊鍊為加密交易提供了強大的防禦,但用戶仍然容易受到各種欺詐,因為它仍然是一個不受監管的市場。 實際上,即使交易過程中因技術故障而損失的資金也可能很難收回。 而一些企業不願意接受這種權衡。

可用性——加密行業仍在尋找實現大規模採用的方法。 關鍵詞:依然。 在那之前,大多數用戶必須先將其加密貨幣轉換為法定貨幣,然後才能使用它們。

波動性——加密貨幣因其波動性而臭名昭著。 有一天,你錢包裡的硬幣可能價值 1,000 美元,但第二天,它們可能只值 800 美元。 這使得任何企業都很難進行加密貨幣交易。

本地接送

本地轉賬是通過金融機構網絡將資金發送至收款人本地銀行賬戶的過程。 與使用消息服務網絡的 SWIFT 不同,本地轉賬是一種更直接的方法,可以將資金從賬戶 A 轉賬到賬戶 B。因此,這可以縮短處理和結算時間。

此外,通過本地支付路徑,它消除了通常在 SWIFT 支付中收取的國際支付費用,從而降低了整體交易成本。

本地轉賬的一個示例是自動清算所 (ACH) 轉賬,它允許通過自動清算所網絡進行銀行間轉賬。

國家環境保護局

SEPA 是單一歐洲支付區的縮寫,通常被稱為歐洲 SWIFT 網絡,因為這些網絡之間的主要區別在於其地理範圍。 SWIFT 支持全球範圍內的國際轉賬,而 SEPA 僅支持歐元區的轉賬。 與 SWIFT 覆蓋 200 多個國家的龐大網絡相比,SEPA 只有 36 個成員國。

要進行SEPA付款,用戶只需要一個歐元賬戶和收款人的國際銀行賬號(IBAN); 無需銀行識別碼 (BIC)。 與需要銀行和收款人詳細信息的 SWIFT 相比,SEPA 更方便、更輕鬆。

儘管如此,與 SWIFT 支付一樣,SEPA 支付也面臨處理時間(最多可能需要三天)和交易成本較高的問題。

化學信息處理系統

2015年,中國推出跨境銀行間支付系統(CIPS),推動人民幣在國際貿易結算中的使用。 該系統提供連接境內和離岸清算市場以及參與銀行的清算和結算服務。

截至2023年5月,CIPS共有會員1441,其中80名直接參與者和間接參與者1361。

直接參與者——在CIPS開立賬戶並通過CIPS直接溝通的參與者。

間接參與者——這些參與者是通過直接參與者獲得 CIPS 提供的間接服務的參與者。

根據戰略與國際研究中心的數據,CIPS 日均交易量約為 3850 億元人民幣(456 億美元)。

CIPS 與其他替代方案的區別如下:CIPS 並不是為了取代 SWIFT 而設計的。 相反,它與 SWIFT 合作,並在高價值全球人民幣交易中使用 SWIFT 兼容的消息。

SPFS

俄羅斯中央銀行自 2014 年以來一直在開發金融消息傳輸系統 (SFPS)。與其他消息系統類似,該網絡的成員可以發送和接收金融消息。

該系統旨在創建和處理 UFEBS(電子銀行報文統一格式)和 MT 格式的文檔,這些格式與 SWIFT 的報文格式相當。

儘管該網絡已經存在八年多了,但僅由大約 400 名成員組成。 這很大程度上是由於大多數國際銀行出於擔心西方制裁等政治原因而拒絕加入SPFS。

🔑閱讀更多:什麼是 MT103 文件?

SWIFT 替代方案有何影響?

據報告 來自國際清算銀行。 但如果CIPS和SPFS等替代方案繼續擴大,就會構成去美元化威脅,美元可能會逐漸失去對世界經濟的控制力。

中國有雄心使其貨幣人民幣成為世界主要儲備貨幣,但由於嚴格的外匯管制,它還有很長的路要走。 不僅如此,它也不能完全兌換為其他全球貨幣。

另一方面,俄羅斯已開始要求以當地貨幣盧布支付能源費用。 因此,該行業替代貨幣的崛起可能會對以美元計價的世界貿易體系產生連鎖反應。

SWIFT 支付的未來

儘管制定新的全球支付標準存在競爭,SWIFT 仍在繼續開發和集成新功能,例如 SWIFT gpi(全球支付創新)。 該舉措將傳統的 SWIFT 報文和銀行系統與一套新的規則相結合,包括費用透明度、端到端支付跟踪以及接收方賬戶的信用確認。

儘管仍有改進的空間,但 SWIFT gpi 是朝著解決數十年之久的速度和透明度問題的正確方向邁出的一步。

Wallex 如何幫助您進行全球支付?

如果您正在尋找全球支付服務提供商,請查看我們的跨境支付解決方案, 其中包括 SWIFT² 和本地轉帳。 我們努力通過實時跟踪並以優於市場的成本在最短的時間內交付付款。 請聯繫我們的定制客戶支持團隊此處或在此處註冊帳戶此處

Sources:

¹ SWIFT
² Wallex 讓客戶能夠透過我們的銀行合作夥伴網路進行 SWIFT 轉帳。

October 11, 2022

Sirclo sebagai E-commerce Enabler terbesar di Indonesia, menghemat waktu dan biayanya menggunakan Wallex

SIRCLO mampu menghemat sejumlah besar biaya dan mencapai efisiensi yang lebih tinggi dalam pengeluaran perusahaan. Platform online Wallex sangat mudah digunakan
Customer Stories
5 min

"Kami dapat menghemat waktu setiap minggunya dengan platform online Wallex"
Jane Aprillia Gosal, Manajer Keuangan, SIRCLO

Latar Belakang

SIRCLO sebuah perusahaan teknologi dan e-commerce enabler di Indonesia, mendukung bisnis untuk menjual secara online dengan menawarkan 2 kategori solusi utama; solusi dan Perusahaan. Pada kategori wirausaha, SIRCLO menawarkan platform pengelolaan toko online bagi UKM untuk berjualan di 3 platform yang berbeda (website, marketplace, chat commerce), yaitu SIRCLO Store. Pada kategori enterprise, SIRCLO menawarkan layanan end-to-end e-commerce enabler melalui SIRCLO Commerce dan solusi untuk pengembangan teknologi omnichannel melalui ICUBE by SIRCLO.

Secara keseluruhan, SIRCLO telah membantu lebih dari 100.000 merek untuk mengembangkan bisnis online mereka. Solusi SIRCLO telah dipercaya oleh merek lokal Indonesia seperti ATS The Label, Benscrub, Evete Naturals, Namaste Organic, This Is April dan Heytimmy Kidswear, serta dipercaya oleh merek-merek Internsional seperti Unilever, Reckitt Benckiser, KAO, L'Oréal, dan Levi's .

SIRCLO mengintegrasikan perangkat lunak atau vendor dari beberapa negara di luar Indonesia untuk mengaktifkan beberapa layanan mereka dan perlu untuk melakukan transaksi ke berbagai negara, termasuk Singapura, Amerika Serikat, Cina, dll dari kantor pusat mereka di Jakarta, Indonesia.

Sejak salah satu grup perusahaannya beralih ke Wallex, pengalaman positif telah mendorong banyak entitas perusahaan menggunakan Wallex untuk melakukan pembayaran internasional dari Indonesia.

Tantangan

1. Batas transaksi perbankan online
Meskipun sebagian besar bank di Indonesia menawarkan layanan berbasis online, mereka hanya dapat melakukan untuk pembayaran jumlah kecil dengan batas USD 25.000. Untuk transaksi bernilai tinggi, wajib mengunjungi cabang bank. Mereka dapat melakukan beberapa transaksi bernilai rendah melalui perbankan online, tetapi ini berarti pengguna masih perlu pergi ke cabang bank untuk transaksi dalam jumlah besar.

2. Kurang Efisien
Batasan transaksi harian, ditambah dengan jam operasional bank yang terbatas, dapat menghabiskan waktu yang tidak efisien dalam melakukan pembayaran lintas negara - membutuhkan waktu hingga 3 jam untuk melakukan satu transaksi. Belum lagi, rumitnya untuk mengisi dokumen setiap kali ingin melakukan transaksi internasional.

3. Biaya transfer & nilai tukar yang tinggi
Karena bank membebankan biaya sesuai persentase (%), maka transaksi yang bernilai tinggi juga akan membebankan biaya yang besar. Mengingat kebutuhan bisnis untuk memindahkan uang dalam jumlah besar, ini berarti biaya besar yang dikeluarkan di semua pembayaran FX.

Solusi

Dengan penawaran flat-fee dari Wallex Indonesia dan tidak membebankan berdasarkan persentase dari nilai transaksi, SIRCLO mampu menghemat sejumlah besar biaya dan mencapai efisiensi yang lebih tinggi dalam pengeluaran perusahaan.

Platform online Wallex sangat mudah digunakan dan menghemat banyak waktu, tanpa harus melakukan kunjungan ke cabang bank.

"Kami juga tidak perlu mengajukan banyak dokumen, menghemat waktu dan menyelamatkan bumi dengan menghemat penggunaan kertas!"

Hasil

Sekarang, dengan menggunakan platform online Wallex dan pengalaman pembayaran yang lebih simple, tim Keuangan SIRCLO menghemat waktu setiap minggunya dan memperoleh keuntung sebagai berikut:

  • Kemampuan untuk melakukan transaksi kapan saja, dari mana saja, tanpa harus pergi ke bank
  • Hanya membutuhkan waktu 15 menit untuk melakukan pembayaran (sebelumnya 3 jam)
  • Kebutuhan dokumen lebih simple
  • Memanfaatkan biaya flat-fee dari Wallex untuk pembayaran internasional (yang sebelumnya menghitung biaya % untuk setiap transaksi)
  • Tersedia harga yang kompetitif dibandingkan dengan Bank dan alternatif pembayaran lainnya.

Fokus terhadap pengembangan bisnis Anda dan percayakan urusan pembayaran dengan Wallex.

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