XI. Opportunities and Challenges of Digital Payment Development in Southeast Asia for China’s Cross-Border E-commerce Companies

Digital payment services subvert the characteristics of the past large single, low-frequency trade transactions, help enterprises to deal with the traditional payment business model that is difficult to match, the payment cost is high, the overseas market coverage is not high enough and other constraints to improve the payment security and protection capabilities and transaction operational efficiency, empowering global trade activities. In recent years, the rapid development of digital payment in Southeast Asian countries, this paper first defines the relevant concepts, and then studies and analyses the current situation of the development of digital payment in Southeast Asian countries, and discusses the development of digital payment in Southeast Asia on China's cross-border e-commerce opportunities and challenges.