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, transaction volume exceeded 100 million pounds within one year of establishment. -2008.03, entered Australia and established Sydney office. -2013.03, stood out from the competition with internationally renowned banks such as HSBC, Barclays Bank, Royal Bank of Scotland, won the British Customer Experience Award and established Singapore office. -2014.03, established Asia Pacific office in Hong Kong, becoming one of the earliest payment service providers serving Chinese cross-border e-commerce merchants. -2017.03, established Shenzhen and Shanghai offices. -2018.03, withdrew from World Account and started the Chinese brand name "万里汇 WorldFirst". -2019.03, joined Ant Group and became a wholly-owned subsidiary.

IV. Main Business

Supports 40+ popular e-commerce platforms and 30+ payment gateways including Amazon, eBay, Lazada, Wayfair, AliExpress, Mercado Libre, Americanas, Cdiscount, Shopify, Catch, etc.

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: Latin America's largest e-commerce platform. It is the No. 1 e-commerce retail website in Latin America and the seventh most visited in the world. Wayfair: European and American home furnishing e-commerce platform, bringing together more than 22 million products from more than 16,000 global suppliers, with more than 33 million active customers.