I don’t know when it started, many changes have taken place in payment, and a new round of chaos is about to take place.

Have you noticed that Whether it is in groups, circles of friends, or everyone's communication, familiar things such as three-party, four-party, aggregation, settlement and settlement, etc., seem to have begun to disappear.

But it was replaced by some new stories and modes.

Yesterday in a group, I saw that OpenFX, a cross-border remittance startup, had completed a $94 million financing. The group members all sent their blessings. I clicked on the news and saw that this company mainly provides faster and lower-cost settlement services for large cross-border funds by using stablecoins as a bridge to connect the banking system and blockchain infrastructure.

I caught some news this morning. One is that Alipay has launched China's first payment integrated AI Skills. Through Vibe Coding, you can complete the access to payment functions in vernacular. This may become a new option for payment docking in the future. Payment institutions will integrate their own channel access into skills in advance to achieve one-sentence access payment.

After sending the children to school, I saw another message on the way. Mastercard has implemented AI agent payment transaction acceptance in Hong Kong. HSBC, Standard Chartered, Citigroup, DBS and other banks all support this type of transaction.

Combined with the entry of AI payment by major payment giants, It is not difficult to find that today’s payment topics focus on the three main areas of cross-border, encryption, and AI. I think this will also become the most popular direction of payment in the future.

Recently, I have had some interactions with global payment service providers such as Stripe, SkyCloud, adyen, and Deutsche Bank. It was quite emotional to learn about their underlying strategic layout.

I have to say that payment has really changed. The in-depth digitization of domestic payments is an old topic. Everyone is taking it step by step and biting it piece by piece. At least in the capital market, it feels that it is not a topic. People rarely talk about it. No matter how you play it, it is still a game on the stock, and growth is weak.

Unless you give up the core indicator of transaction size and instead pursue "comprehensive rates", why is it a comprehensive rate? Because e-commerce platforms such as Xiaoetong and WeChat Store have technical commissions of 2%, which is an order of magnitude higher than the channel's rates of several thousand.

Therefore, payment institutions should strive to extend their revenue grabbers into transaction scenarios through in-depth digitization, and let channel fees become history and technical service fees become a new continent

Back to the new payment hotspot, No, in the past two days, a partner from a Hong Kong investment institution came to me and asked me if I would like to go to Hong Kong to play cross-border payments, stablecoins, A2A payments... Am I willing? To be honest, I’m a little confused

Why are you so entangled? Because the current payment window, just like mobile payment ten years ago, is in an explosive period.

New payment paradigms such as cross-border payment, encrypted payment & Ai payment, and new payment methods such as U card/U code/are emerging....

This is the most chaotic time for payment. Of course, it is also the period with the largest window of opportunity. There are many opportunities, many models to choose from, and a lot of money...

If ten years ago was a time when market share was divided, then today is a time when multiple paradigms are emerging at the same time, opportunities are everywhere, and choices are everywhere.

The old cake has been divided and is about to go bad. Now, the new cake is getting bigger and bigger, and a new round of division and pattern is taking shape.

It can be said that we have reached the most difficult historical turning point in payment, but we have also encountered the best new payment era.

Finally, if you are given 50 million US dollars to pay, what are you going to do? Tell us your passion and vision, make a wish, and wish everyone success!

Let me start by building a cross-paradigm multi-currency unified aggregation payment and clearing platform, as shown in the picture, allowing users to pay whatever they want and merchants to receive whatever they want. Payments are unified and the flow of funds completely breaks the boundaries of the paradigm.