#Netherlands #Amsterdam #Money20/20 #LianLian Global #UnionPay International

LianLian Global and UnionPay International Forge Strategic Alliance

In a significant development in the world of financial technology, LianLian Global, a leading digital payment platform, and UnionPay International have officially announced their strategic partnership at the prestigious Money20/20 Europe event held from June 3 to June 5 in Amsterdam, Netherlands. This annual gathering serves as a global hub for innovators and influencers in the fintech space, making it an ideal venue for such crucial announcements.

The signing ceremony was attended by notable figures from both organizations, including Tim Shen, the CEO of LianLian Global, Adora Wang, Managing Director of LianLian Europe, and Jianmin (James) Yang, Vice President of UnionPay International for the Europe region. This strategic partnership is designed to enhance cross-border payment solutions and redefine the way transactions are conducted globally.

The partnership aims to leverage LianLian’s extensive global network along with UnionPay International’s MoneyExpress system to provide customers with fast solutions for cross-border remittances. Their primary goal is to offer seamless, secure, transparent, and efficient international transactions, particularly for individuals who wish to send money to mainland China.

Both companies will also intensify collaboration on B2B payment services, focusing on online payment acceptance, digital card issuance, and withdrawal services. This collaboration is especially beneficial for Chinese enterprises looking to expand into foreign markets, enabling them to navigate international payments effortlessly.

A History of Innovation

LianLian Global, part of the publicly listed company Lianlian DigiTech based in Hong Kong, specializes in cross-border payment solutions and currently serves approximately 5.9 million customers, including e-commerce platforms and trading companies across over 100 countries. Its comprehensive approach to digital payments has established the platform as a significant player in the fintech ecosystem.

On the other hand, UnionPay International operates with over 2,600 institutions globally, allowing card acceptance in 183 countries and regions with card issuance in 84 markets. Its MoneyExpress platform, known for user-friendly solutions for cross-border transfers, is operational in more than 50 nations, including key markets such as the USA, Japan, Singapore, Australia, and the United Kingdom.

Advancing the User Experience

During the partnership announcement, Jianmin Yang emphasized the importance of this collaboration for UnionPay International, remarking, “The strategic partnership with LianLian is a crucial step for us in providing cross-border remittance services in the European market. We look forward to offering consumers a more efficient, secure, and convenient experience in their cross-border transactions while continuing to expand UnionPay International’s footprint in global markets.”

Tim Shen expressed pride over this partnership, highlighting how LianLian Europe is committed to enabling customers to carry out cross-border transactions to China in near-real-time with minimal information requirements. This partnership not only reinforces LianLian’s mission to enhance the payment experience for end-users but also underlines its dedication to supporting its partners, further solidifying its position as a leader in seamless global transactions.

Conclusion

The collaboration between LianLian Global and UnionPay International marks a significant milestone in the realm of fintech, paving the way for innovative solutions that address the complexities of cross-border transactions. As these two powerhouses combine their expertise, the future of international money transfer looks promising, especially for users looking to engage with the Chinese market.

Both companies are committed to streamlining the financial services landscape, ensuring that their mutual customers can enjoy enhanced transaction experiences that are efficient and secure. The announcement at Money20/20 Europe is just the beginning of what is anticipated to be a fruitful partnership dedicated to redefining cross-border payments on a global scale.