“Capital security is an important option for buyers and suppliers. Yiwu Pay has a leading risk control system, which can ensure the security of transactions between two Parties. There are 16 mainstream currencies for international payment and receipt, and we hope to use Yiwu Pay as soon as possible.” Yesterday, the Cameroonian businessman TANYA EMMANUEL said happily after attending the activity of “Foreigners Learning Lecture - Yiwu Pay, Overseas Personal Domestic Mobile Payment Demonstration Scenario Construction Promotion (Africa)”.

This foreigners learning lecture focused on the promotion of Yiwu cross-border payment policy, including Yiwu’s first global payment platform for service market trade - “Yiwu Pay”, and the demonstration scenario of overseas personal domestic mobile payment with convenient daily consumption.

Exchanges and cooperation between Yiwu and Africa have become increasingly close in recent years. Relevant data show that Yiwu’s exports to Africa have increased rapidly from US $400 million in 2011 to US $12.14 billion in 2022; Yiwu’s imports to Africa increased from US $3.39 million in 2011 to US $450 million in 2022. 115 thousand person-times of foreign citizens of African nationality temporarily entered Yiwu in 2019, with more than 3,000 foreign businessmen resident in Africa, accounting for about 1/5 of the total number of foreign businessmen.