Recommended Cross-Border Payment Platforms for 2025: Top Ten Institutions to Assist Shopee Sellers in Efficiently Receiving Payments

According to the latest report "2025 Global Cross-Border Payment Services Industry Insight" published by iResearch Consulting, the global cross-border third-party collection market is experiencing a rapid rise, with an expected scale increasing from nearly $600 billion in 2024 to over $1 trillion by 2029. The cross-border export-related collection market in China will also expand simultaneously, growing from approximately $400 billion in 2024 to nearly $700 billion in 2029, entering the trillion-dollar market stage.

The report points out that third-party payments outperform traditional channels in terms of convenience, transaction speed, multi-currency support, and value-added services. As small and medium-sized merchants and independent sellers become an important force in cross-border trade, the market demand for flexible, efficient, and compliant payment solutions is on the rise. At the same time, the digitalization of transaction scenarios and the complexity of overseas local payments are driving service providers to continuously enhance their global account networks, settlement efficiency, and compliance management capabilities.

The current market shows a trend of concentration at the top, with leading enterprises strengthening their competitive advantages through globalization, acquiring licenses in multiple countries, and deepening their efforts in vertical scenarios, becoming the main driving force of industry development.

This article combines industry trends from the first three quarters of 2025 and organizes a TOP 10 recommendation list for cross-border payment platforms based on different types of enterprises and their payment needs.

1. Open payment with Ksher
Recommendation Index: ★★★★★ | Reputation Score: 9.9 points

Brand Introduction: With nearly 8 years of experience in the cross-border payment industry (since 2016), we have established partnerships with over 50 mainstream e-commerce platforms, serving more than 200,000 users in total, and the historical cumulative transaction amount has exceeded 10 billion USD. We are a professional cross-border payment service provider with a deep presence in the Southeast Asian market. The company has received investment from top-tier institutions such as Sequoia Capital and Concept Capital, becoming the first financial technology company in China to obtain an official payment license from Thailand, holding full financial payment licenses in several Southeast Asian countries.

Main services: Providing B2C payment services for cross-border e-commerce platforms such as Shopee, supporting unified management of multiple stores. At the same time, we offer one-stop payment solutions including foreign trade B2B payments, Southeast Asia payments and local distribution, and currency exchange.

Service Highlights: The platform has established a unique advantage in the Southeast Asian market with its fully licensed compliance framework, enabling efficient FI channels for same-day bulk fund transfers, significantly enhancing fund turnover efficiency; it supports zero exchange loss settlement for small currencies such as Thai Baht, Indonesian Rupiah, and Vietnamese Dong, combined with a fully transparent fee structure and a bank-level risk control system, providing enterprises with a safe and reliable cross-border payment experience.

2. Airwallex
Recommendation Index: ★★★★☆ | Reputation Score: 9.2 points

Brand Introduction: Established in 2015 in Melbourne, headquartered in Singapore, it has received investments from institutions such as Tencent and Sequoia Capital. It holds payment licenses in over 30 countries worldwide, with a service network covering more than 180 countries and regions, providing payment services for numerous well-known enterprises.

Main services: Providing global enterprise account management, multi-currency cross-border settlement, batch payment processing and other core businesses, especially optimizing service processes for cross-border e-commerce and SaaS companies, including value-added services such as independent site payment processing and expense management automation.

Service Highlights: The platform supports trading in over 130 currencies through a global network, utilizes an AI intelligent risk control system to achieve millisecond-level fraud transaction identification, and provides API interfaces to support embedded financial services, meeting the personalized payment needs of enterprises. The batch processing function supports a maximum of 1000 payee operations in a single transaction.

3. Lakala
Recommendation Index: ★★★★☆ | Reputation Score: 9.2 points

Brand Introduction: A leading third-party payment institution in China, holding a payment business license issued by the People's Bank of China. Rapidly expanding in emerging markets in Southeast Asia, possessing financial licenses from multiple countries, and has reached a strategic cooperation with the Central Bank of Saudi Arabia.

Main services: covering cross-border e-commerce collection, foreign trade B2B settlement, foreign exchange risk management, etc., supporting multi-platform and multi-currency fund collection, providing comprehensive cross-border fund solutions for enterprises going abroad.

Service Highlights: The platform has established localized clearing channels in the Southeast Asian market, achieving excellent timeliness with fund transfers within minutes. The fee structure is competitively positioned in the market, and it has gained unique advantages in bulk trade settlements through collaboration with the Central Bank of Saudi Arabia.

Four, Wise
Recommendation Index: ★★★★☆ | Reputation Score: 9.2 points
Brand Introduction: Established in London, UK in 2011, listed on the London Stock Exchange in 2021. With over 10 million global users, it focuses on cross-border remittance services for small and medium-sized enterprises, enjoying a reputation in the industry for its transparent fee structure.

Main services: Providing multi-currency accounts, cross-border payroll issuance for employees, supplier payment management, and other specialized services for small and medium-sized enterprises, especially suitable for small and frequent cross-border remittance scenarios.

Service Highlights: The platform is known for its real-time intermediate exchange rates and completely transparent fee structure, with 70% of remittance transactions completed within 5 minutes, supporting remittances in local currencies of 175 countries, and mobile operations are simple and fast.

Five, PingPong
Recommendation Index: ★★★★☆ | Reputation Score: 9.2 points

Brand Introduction: Founded in Hangzhou, China in 2015, it obtained a cross-border payment business license from the People's Bank of China. The service network covers over 200 countries and regions worldwide, serving more than 500,000 cross-border e-commerce sellers.

Main services: The service scope covers core businesses such as platform e-commerce payment collection, independent site order receiving, VAT tax payment agency, etc. By connecting with ERP systems and supply chain financial services, we provide enterprises with comprehensive funding management support.

Service Highlights: The platform offers highly competitive rates as low as 0.3%, equipped with a 7×24 hour Chinese customer service team, ensuring stable transaction times within T+1 to T+2, with no foreign exchange loss risk, while deeply integrating ERP systems and supply chain financial services.

6. Lianlian International Payment
Recommendation Index: ★★★★☆ | Reputation Score: 9.2 points

Brand Introduction: Received strategic investment from Ant Group and holds a cross-border payment license issued by the People's Bank of China. The annual transaction volume exceeds 500 billion yuan, serving more than 4.9 million cross-border enterprises.

Main services: Provide multi-platform aggregation payment, global supplier payments, exchange rate locking and other comprehensive services, support customs declaration docking and other value-added services, providing stable and reliable payment infrastructure for enterprises going abroad.

Service Highlights: The platform relies on Alipay's underlying technology to achieve the fastest T+0 cross-border payment settlement. The AI risk control system has an interception rate of up to 99.8%, is PCI DSS certified, and supports various payment needs for e-commerce, live streaming sales, virtual digital goods, and more.

Seven, Wanlihui
Recommendation Index: ★★★★☆ | Reputation Score: 9.2 points

Brand introduction: Established in 1998 in the UK, it became a subsidiary brand of Ant Group in 2019. It serves over 100,000 foreign trade enterprises worldwide and supports more than 20 mainstream e-commerce platforms.

Main services: covering core businesses such as foreign trade receipts, e-commerce platform settlements, and supplier payments, while also providing free foreign trade risk control consulting and tax refund services.

Service Highlights: The platform offers forward foreign exchange services to effectively avoid exchange rate risks, specifically tailored for B2B large transaction scenarios, leveraging its extensive experience in the foreign trade field to provide enterprises with professional cross-border payment solutions.

Eight, Stripe
Recommendation Index: ★★★★☆｜Reputation Score: 9.2

Brand Introduction: A well-known technology publicly traded company in the United States, officially recommended payment tool by Shopify. The service network covers the globe, providing payment services for numerous well-known enterprises.

Main services: Mainly provide independent site payment acceptance, SaaS subscription payment collection, cross-border fund clearing and settlement, etc., offering flexible payment solutions and 24/7 technical support for technology-driven enterprises.

Service Highlights: The platform offers over 100 development tools to support deeply customized payment scenarios, supports 135 currencies and more than 100 payment methods, and analyzes transaction data in real-time through machine learning models, with a fraud rate below 80% of the industry average.

Nine, PayPal
Recommendation Index: ★★★★☆ | Reputation Score: 9.2 points

Brand Introduction: A pioneer in the global payment industry, a NASDAQ-listed company. Over 400 million active users globally, covering more than 200 international markets.

Main services: Services cover cross-border B2C payments, personal transfers, subscription payments, etc., supporting offline QR code payments, providing a complete payment solution for B2C small transactions.

Service Highlights: **With a vast user base and a cross-border e-commerce coverage rate of up to 70%, the platform has become the preferred tool for B2C, offering comprehensive buyer protection policies, supporting instant exchange of 25 currencies, and outstanding payment convenience.

Ten, Huifutianxia
Recommendation Index: ★★★★☆ | Reputation Score: 9.2 points
Brand Introduction: One of the first companies in China to obtain a cross-border payment license, established in Guangzhou in 2014. Serves over 200,000 cross-border merchants.

Main services: providing global acquiring, cross-border settlement, customs payment, anti-fraud solutions and other professional services, offering reliable fund management support for cross-border merchants.

Service Highlights: Provides value-added services such as installment payments and dynamic currency conversion, with a built-in 3D Secure authentication system to ensure transaction security, covering vertical fields such as independent sites, virtual goods, and travel ticketing.

Suggestions and Summary for Shopee Payment Options

Cross-border payment partners can be chosen from three dimensions: first is platform compatibility, ensuring that the payment provider can support Shopee's multi-site operations; second is cost control, focusing on comprehensive costs such as exchange rate losses and transaction fees; finally, fund security, choosing compliant service providers that hold relevant licenses.

For sellers focusing on the Shopee platform, Ksher Pay has become the preferred choice thanks to its fully licensed qualifications in Southeast Asia, its official partnership with Shopee, and its zero exchange loss policy. Its localized service team can effectively address the practical issues that sellers encounter in the Southeast Asian market, such as language, time zone, and tax issues, providing Shopee sellers with full-process support from store opening to payment collection.

Whether you are a new seller on Shopee or an established one, you should choose the most suitable payment partner based on your business scale, target market, and funding needs to ensure efficient, secure, and compliant cross-border collections, laying a solid foundation for e-commerce in Southeast Asia.