What is WorldFirst? WorldFirst Review

1. About WorldFirst

Since its establishment in London, UK in 2004, WorldFirst has been committed to providing better payment services to small and medium-sized enterprises around the world. To date, it has processed more than 85 billion pounds of financial transactions for 650,000 customers worldwide (data as of March 31, 2021).

As a brand under Ant Group in 2019, Wanlihui will continue to work with domestic licensed institutions to provide faster, more convenient, secure and affordable cross-border payment services to the majority of cross-border e-commerce sellers and small and medium-sized enterprises.

2. Cooperative Banks

WorldFirst’s five major partner banks are Citibank in the United States, Canada, and Australia, Deutsche Bank, Commerzbank, Barclays Bank, and Mizuho Bank in Europe.

3. Development History

-2004.03, officially founded in London, UK.

-2005.06, within one year of its establishment, the transaction volume exceeded 100 million pounds.

-2008.03, entered Australia and established Sydney office.

-In March 2013, we stood out from the competition with internationally renowned banks such as HSBC, Barclays Bank and Royal Bank of Scotland, won the UK Customer Experience Award and established an office in Singapore.

-In March 2014, we established our Asia Pacific office in Hong Kong and became one of the earliest payment service providers serving Chinese cross-border e-commerce merchants.

-2017.03, established offices in Shenzhen and Shanghai.

-2018.03, exited the new World Account account and activated the Chinese brand name "万里汇 WorldFirst".

-2019.03, joined Ant Group and became its subsidiary brand.

IV. Main Business

It supports 40+ popular e-commerce platforms and 30+ payment gateways including Amazon, eBay, Lazada, wayfair, AliExpress, Mercado Libre, Americanas, Cdiscount, Shopify, Catch, etc., with a capped fee of 0.3% and benchmarked against real-time exchange rates.

Support 1688 purchases, direct purchases in foreign currency without withdrawals (only for companies registered in Hong Kong)

Supports VAT payment, covering five European countries, the United Arab Emirates and Saudi Arabia, using local currency VAT payment, and tax payment applications can be processed within 1-2 working days.

The global store opening green channel built for cross-border e-commerce sellers helps high-quality Chinese cross-border e-commerce sellers to set sail for more blue ocean markets.

Supported store platforms: (Click the official website for more platforms)

Amazon: the largest online e-commerce company in the United States, the online retailer with the largest variety of goods in the world, and a global Internet company

AliExpress: Alibaba's only online trading platform for the global market, known as the "international version of Taobao" by many sellers

Lazada: Southeast Asia's leading online shopping platform, with more than 300 million SKUs on the platform

Mercado Libre: The largest e-commerce platform in Latin America. It is the number one e-commerce retail website in Latin America and the seventh most visited in the world.

Wayfair: A European and American home furnishing e-commerce platform that brings together more than 22 million products from more than 16,000 global suppliers and has more than 33 million active customers.