LianLian Global and UnionPay International Forge Strategic Alliance at Money20/20 Europe

From June 3 to 5, Amsterdam hosted the Money20/20 Europe conference, a premier global financial technology event. Among the notable attendees was LianLian Global, a subsidiary of Lianlian DigiTech, known for its innovative digital payment solutions. At this event, LianLian Global and UnionPay International seized the opportunity to officially announce their strategic partnership.

During the signing ceremony, several high-profile executives were in attendance, including Tim Shen, CEO of LianLian Global; Adora Wang, CEO of LianLian Europe; and Jianmin (James) Yang, Vice President of UnionPay International for Europe. This partnership aims to redefine cross-border payments by combining the extensive network of LianLian with UnionPay's MoneyExpress service, facilitating swift and efficient remittance solutions for customers.

The strategic alliance is focused on creating seamless, secure, and transparent international fund transfers, particularly for clients sending money to mainland China. In the business-to-business (B2B) segment, the collaboration will delve deeper into areas such as online payment acceptance, digital card issuance, and payment collection services, thereby streamlining cross-border transactions for Chinese enterprises entering international markets.

LianLian Global has established itself as a leader in cross-border payment solutions, catering to 5.9 million clients, including e-commerce platforms and trading companies, across over 100 countries and regions. Their services are designed to offer fast and reliable money transfers, making it easier for businesses and individuals alike to manage their finances internationally.

UnionPay International, with partnerships encompassing over 2,600 institutions worldwide, has enabled card acceptance in 183 countries and regions, with issuance occurring in 84 countries. Their platform, MoneyExpress, specializes in cross-border remittance solutions and serves over 50 countries, including the United States, Japan, Singapore, and the United Kingdom, among others.

Jianmin (James) Yang remarked, “The strategic alliance with Lianlian represents a major milestone in our ability to provide cross-border remittance services in the European market. We are excited to enhance the experience for users sending money internationally while simultaneously supporting the growth of UnionPay International in the global landscape.”

Tim Shen added, “LianLian Europe is proud to announce its collaboration with UnionPay International, enabling our clients to send cross-border funds to individual recipients in China almost in real-time with minimal information required. This partnership underscores our commitment to simplifying the payment experience not only for end-users but also for our partners, reinforcing our position as leaders in seamless global transactions.”

This groundbreaking partnership is set to empower users with more effective and user-friendly international payment options, thereby addressing the increasing demand for efficient cross-border financial solutions in today’s globalized economy. As both companies look to leverage their combined expertise and technology, customers can anticipate a new era of financial services that prioritize speed, security, and efficiency.