In international trade,exporters prefer to receive payments as quickly as possible,and importers want to make payments as late as possible.In this respect,the payment field,an essential condition for trade transaction...In international trade,exporters prefer to receive payments as quickly as possible,and importers want to make payments as late as possible.In this respect,the payment field,an essential condition for trade transactions,also represents the positions of exporters and importers conflict.In addition,there are many cases in which various variables must be considered rather than only one specific variable representatively affecting payment,particularly in the case of import-export Small and Medium-Sized Enterprises(SMEs)from emerging countries.A selection of proper payment methods can be categorized as a Multi-Criteria Decision-Making(MCDM)issue.Therefore,this study aims to propose a novel and efficient Spherical Fuzzy Weighted Aggregated Sum Product Assessment based Entropy Objective Weighting method(SF-EW and WASPAS-SF)to evaluate international payment methods with uncertain information.First,SF-EW model is applied to determine the relative weights of critical factors.Second,international payment method alternatives are prioritized by the WASPAS-SF approach.Five essential factors for four international payment methods are proposed based on experts’opinions and the existing literature.A real-world case study from Vietnamese import-export SMEs is presented to validate the applicability of the proposed framework.The results indicated that“Characteristics of payment method(PA)”had the most significant impact on international payment method selection.In comparison,“Letters of Credit(L/C)”was the most reliable payment method with the highest ranking available to international traders.Furthermore,a sensitivity analysis was performed to examine the validity and robustness of the proposed decision support model.Consequently,this study could contribute to international payment services and in the context of globalization and international trade.展开更多
Ethiopian Airlines and UnionPay Interna- tional have signed a cooperation agree- ment that allows customers to pay with UnionPay cards when buying Ethiopian Airlines tickets online. The purchases can be made at both E...Ethiopian Airlines and UnionPay Interna- tional have signed a cooperation agree- ment that allows customers to pay with UnionPay cards when buying Ethiopian Airlines tickets online. The purchases can be made at both Ethiopian Airlines＇ Chinese website （wwwoethiopianairlines. com.cn） and English website （www.ethio- pianairlines.com）. The transactions can be made with UnionPay cards starting with 62. The two organizations announced this service jointly at the UnionPay In- ternational headquarters in Shanghai on May 12.展开更多
This article found that Chinese international payment＇s practice conflicted with the western macroeconomic theory. Therefore, through combining the actual conditions of China, and comparing China with the United Stat...This article found that Chinese international payment＇s practice conflicted with the western macroeconomic theory. Therefore, through combining the actual conditions of China, and comparing China with the United States, this article analyzed the reason causing this kind of conflict, and provided a consulting conclusion.展开更多
文摘In international trade,exporters prefer to receive payments as quickly as possible,and importers want to make payments as late as possible.In this respect,the payment field,an essential condition for trade transactions,also represents the positions of exporters and importers conflict.In addition,there are many cases in which various variables must be considered rather than only one specific variable representatively affecting payment,particularly in the case of import-export Small and Medium-Sized Enterprises(SMEs)from emerging countries.A selection of proper payment methods can be categorized as a Multi-Criteria Decision-Making(MCDM)issue.Therefore,this study aims to propose a novel and efficient Spherical Fuzzy Weighted Aggregated Sum Product Assessment based Entropy Objective Weighting method(SF-EW and WASPAS-SF)to evaluate international payment methods with uncertain information.First,SF-EW model is applied to determine the relative weights of critical factors.Second,international payment method alternatives are prioritized by the WASPAS-SF approach.Five essential factors for four international payment methods are proposed based on experts’opinions and the existing literature.A real-world case study from Vietnamese import-export SMEs is presented to validate the applicability of the proposed framework.The results indicated that“Characteristics of payment method(PA)”had the most significant impact on international payment method selection.In comparison,“Letters of Credit(L/C)”was the most reliable payment method with the highest ranking available to international traders.Furthermore,a sensitivity analysis was performed to examine the validity and robustness of the proposed decision support model.Consequently,this study could contribute to international payment services and in the context of globalization and international trade.
文摘Ethiopian Airlines and UnionPay Interna- tional have signed a cooperation agree- ment that allows customers to pay with UnionPay cards when buying Ethiopian Airlines tickets online. The purchases can be made at both Ethiopian Airlines＇ Chinese website （wwwoethiopianairlines. com.cn） and English website （www.ethio- pianairlines.com）. The transactions can be made with UnionPay cards starting with 62. The two organizations announced this service jointly at the UnionPay In- ternational headquarters in Shanghai on May 12.
文摘This article found that Chinese international payment＇s practice conflicted with the western macroeconomic theory. Therefore, through combining the actual conditions of China, and comparing China with the United States, this article analyzed the reason causing this kind of conflict, and provided a consulting conclusion.
