As the internationalization of the RMB continues to advance, the cross-border payment industry is facing opportunities for steady development.
Relying on the three core subdivisions of CIPS infrastructure, multilateral central bank digital currency bridge mBridge, and compliance payment licenses, a large number of authentic targets with real business implementation and open business layout have gradually emerged.
1. CIPS System Construction Segmentation Track
This track mainly provides banks and financial institutions with cross-border payment system construction, technology docking, operation and maintenance supporting services, etc., all of which are publicly available business layouts.
Yuxin Technology, China Information, Tianyang Technology, iSoftStone, Changliang Technology, Xinchen Technology, Beijing Northern Information Technology, Nantian Information, Gaowida and other companies have disclosed in official announcements and public materials that they are involved in bank cross-border settlement, CIPS system technology supporting, and financial IT service-related businesses, which are the authentic layout targets of the track.
2. mBridge Multilateral Digital Currency Bridge Segmentation Track
Focusing on the cross-border application of digital renminbi and the docking of technical services and systems of the multilateral central bank digital currency bridge project, the business has been publicly announced.
Relevant companies such as Sifang Jingchuang, Kelan Software, Chutianlong, Changliang Technology, Xinchen Technology, Beijing North Technology, etc. have public information mentioning their participation in the digital RMB cross-border scenario, mBridge project supporting research and development and technology implementation, which are core participation targets of the track.
3. Cross-border payment license operation segment track
Have formal cross-border payment related qualifications, and have actual operational businesses such as cross-border collection and foreign trade settlement. Both qualifications and business can be publicly verified.
Companies such as Lakala, Xinguodu, Commodity City, Focus Technology, Digital Video, and Radio and Television Express hold compliant payment licenses or cross-border business registration qualifications and actually carry out cross-border e-commerce and foreign trade enterprise payment and settlement business. They are real operational targets on the track.
4. Sorting out the small but beautiful high-quality targets of cross-border payment
Select individual stocks with small market capitalization, solid main business, focus on cross-border payment supporting services, and no concept and hype, and only look at the real business.
Zhongyi Technology, Xinyada, Advanced Datacom, and Beyond Technology are all deeply involved in the field of financial IT. They are mainly engaged in bank cross-border system development, technical operation and maintenance, software solutions and other services. Their business implementation is real and their market value is moderate. They are typical small but beautiful varieties.
5. Overall summary of the track
Taken together, the entire cross-border payment industry chain is clearly divided. CIPS focuses on financial IT infrastructure, mBridge focuses on digital currency cross-border pilots, and the license targets focus on actual payment operations.
We adhere to the principle of only accepting public and authoritative information, and will not fabricate or make up any unsubstantiated joint positions held by multiple institutions or fictitious data.
Only focus on authentic targets with real business and public layout, stay away from pure conceptual speculation, and be in line with the actual fundamentals of the industry.
In the interactive session, among the three major segments of cross-border payment, which category are you more optimistic about?
Welcome to communicate and discuss together in the comment area.
Some comments have previously pointed out that this track has been in decline for a whole year, but some people think that it is not all a gimmick. The main reasons are slow performance realization + valuation regression. The current position is low, and it is only suitable to focus on financial IT leaders with real orders for the long term, and do not touch pure concepts.
Focus on cross-border payment-related CIPS (Yuxin/Shenzhou, etc.), mBridge (Sifang/Kelan, etc.), licenses (Lakala/Small Commodity City, etc.) and small and beautiful (Zhongyi/Xinyada, etc.) targets.
