—Junfeng Partners with Global Settlement Platform to Tackle Cross-Border Payment Challenges, Boosting Export Efficiency
March 24, 2025 — To address widespread cross-border payment challenges in global trade, Junfeng announced today a strategic partnership with a leading international settlement platform. This collaboration will leverage innovative multi-currency settlement services to provide safer, more efficient, and flexible cross-border fund management solutions for Junfeng’s export business, further lowering barriers to international trade and accelerating the company’s global market expansion.

In recent years, frequent exchange rate fluctuations, complex cross-border settlement processes, and high transaction fees have emerged as critical bottlenecks for export-oriented enterprises. As a major overseas exporter of new energy vehicles, Junfeng currently operates in over 30 countries and regions across Southeast Asia, the Middle East, South America, and Africa. With its export scale continuing to grow, traditional cross-border settlement issues—such as long settlement cycles, high costs, and limited currency options—have become increasingly prominent. The newly integrated intelligent settlement system supports real-time transactions in 15 major currencies (including USD, Euro, and GBP) as well as emerging-market currencies from regions like Africa, Southeast Asia, and South America. It enables “local currency collection and global settlement” without requiring multiple overseas accounts, consolidating global funds via a unified interface. This innovation shortens payment cycles by over 60%, minimizes exchange rate risks, and ensures 24/7 settlement processing, significantly enhancing capital turnover efficiency.

“This partnership marks a pivotal step in our digital transformation for trade services,” stated Russ, Junfeng’s Sales Manager, during the signing ceremony. “The new system will effectively mitigate exchange rate volatility and help clients reduce comprehensive financial costs by 3–5%.” Moving forward, the two parties will also explore applications of blockchain technology in cross-border trade to build a more secure and efficient global supply chain finance network.

Industry experts highlighted that this collaboration not only strengthens Junfeng’s foothold in overseas markets but also offers a replicable financial service innovation model for Chinese automakers expanding globally. As the Belt and Road Initiative advances, upgraded cross-border financial infrastructure is poised to become a key engine for enhancing international competitiveness.