5 FEB 2025 — PolyFlow, the first modular PayFi infrastructure, has announced a strategic partnership with Nihao Pay, a leader in cross-border payments. The collaboration focuses on integrating PayFi into cross-border payment systems, enhancing efficiency for merchants and expanding their global reach. Nihao Pay, a trusted partner of UnionPay, WeChat Pay, and Alipay, is positioning itself at the forefront of the rapidly evolving digital payments landscape.

Meeting the Growing Demand for Digital Payments

The global payment gateway market is experiencing explosive growth, projected to exceed $100 billion by 2027, driven by the rise in e-commerce and the increasing shift to digital payments. Payment gateways, which securely process transactions between merchants and consumers, have become essential to this transition.

Nihao Pay, a partner of leading payment giants UnionPay, WeChat Pay, and Alipay, processes hundreds of millions of dollars annually in transactions and has established a substantial presence in the global cross-border payments space. With millions of dollars processed daily and a user base numbering in the thousands of active users, Nihao Pay serves customers in more than 100 countries, holding a significant 40% market share of the cross-border payment market in the U.S.

This partnership amplifies Nihao Pay’s mission to simplify global commerce and further expand its international footprint. Through this collaboration, Nihao Pay continues to offer millions of Chinese consumers the ability to shop globally using familiar payment methods, without the need for currency exchanges or alternative payment cards.

Unlocking PayFi’s Potential in Cross-Border Payments

PayFi’s potential to transform cross-border payments is vast. The technology accelerates settlement times, reduces transaction costs, and ensures seamless value transfers. By leveraging blockchain technology, PayFi enhances asset security and ensures unrestricted access to payments worldwide. PolyFlow’s infrastructure guarantees compliance and smooth integration with traditional and digital finance systems, providing a robust foundation for PayFi applications in cross-border payments.

PolyFlow’s Stablecoin Payment Solutions

Stablecoins are revolutionizing the cross-border payments landscape by reducing costs and simplifying cross-border transactions. Through this partnership, PolyFlow will enable Nihao Pay to implement stablecoin-based payment solutions. These stablecoin payments offer merchants and consumers faster, more cost-effective payment methods that align with the growing demand for digital currencies and blockchain-based solutions.

Innovating Payment Scenarios with “Buy Now, Pay Never”

Building on the success of the “Buy Now, Pay Later” (BNPL) model, the partnership is also exploring the revolutionary concept of “Buy Now, Pay Never.” This new payment model provides consumers with flexible payment options while empowering merchants to increase sales and average order values. Nihao Pay, backed by PolyFlow’s innovative infrastructure, is set to bring this groundbreaking payment solution to global markets, opening new pathways for digital commerce.

Raymond, Co-Founder of PolyFlow, stated, “The innovative payment scenarios that PayFi can create go far beyond what we have achieved so far. We are excited to explore the future of PayFi with Nihao Pay and provide users with a superior, borderless payment experience.”

About Nihao Pay

Nihao Pay is a leading cross-border payment company dedicated to delivering innovative solutions and seamless payment experiences for developers, independent sales organizations (ISOs), and fintech players. Acting as a bridge between global merchants and customers, Nihao Pay’s mission is to support partners and merchants of all sizes and industries, helping them maximize their business potential. Nihao Pay transacts hundreds of millions of dollars annually, processes millions of dollars daily, and has a user base of thousands of active users in over 100 countries. Nihao Pay holds a significant market share of 40% in the U.S. cross-border payment market and is a trusted partner for UnionPay, WeChat Pay, and Alipay.

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About PolyFlow

PolyFlow is an innovative PayFi protocol designed to connect real-world assets (RWA) with decentralized finance (DeFi). As the infrastructure layer of the PayFi network, PolyFlow integrates traditional payments, crypto payments, and DeFi in a decentralized manner to handle real-world payment scenarios. PolyFlow provides the necessary infrastructure to ensure compliance, security, and seamless integration of real-world assets, paving the way for a new financial paradigm and industry standards.

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