Latest news with #LianLianGlobal
Finextra
05-06-2025
- Business
- Finextra
LianLian and UnionPay forge strategic partnership
Money20/20 Europe, the global fintech flagship event, takes place in Amsterdam, Netherlands. LianLian Global, a brand under the Hong Kong-listed Lianlian DigiTech, has been invited to showcase its innovative digital payment solutions at the event. 0 At the summit, LianLian Global and UnionPay International, officially announced their strategic partnership. The signing ceremony was attended by Tim Shen, CEO of LianLian Global; Adora Wang, CEO of LianLian Europe; and Jianmin (James) Yang, Vice President of UnionPay International Europe Region. The two parties will combine their expertise to redefine cross-border payments, drawing on Lianlian's global network and UnionPay International's MoneyExpress to provide fast cross-border remittance solutions for customers. The alliance aims to facilitate seamless, secure, transparent, and efficient international transfers, particularly for clients remitting funds to China's mainland. In the B2B payment sector, the two parties will deepen cooperation in online payment acceptance, digital card issuance, payout, and other services to facilitate cross-border payment for Chinese enterprises expanding in overseas markets. LianLian Global, is a leading digital payment platform specializing in cross-border payment solutions, having served a total of 5.9 million customers, including e-commerce platforms, and trading companies, covering over 100+ countries and regions. In partnership with more than 2600 institutions worldwide, UnionPay International has enabled card acceptance in 183 countries and regions with issuance in 84 countries and regions. Its MoneyExpress platform offers convenient cross-border remittance solutions and is currently available in over 50 countries and regions such as the US, Japan, Singapore, Australia, the UK, Russia, Canada, Korea, and Hong Kong. Jianmin (James) Yang, Vice President of UnionPay International Europe Region stated "The strategic partnership with Lianlian represents a key step forward in UnionPay International's delivery of cross-border remittance services in the European market. We look forward to providing users with a more efficient, secure, and convenient cross-border remittance experience through this collaboration, while further driving UnionPay International's growth in the global market." Tim Shen, CEO of LianLian Global commented, "LianLian Europe is proud to announce its partnership with UnionPay International, enabling clients to send cross-border funds to individual recipients in China in near real-time with minimal information required. This collaboration underscores Lianlian's unwavering commitment to simplifying the payment experience—not just for end users, but also for our partners—further strengthening our position as a leader in seamless global transactions."
Yahoo
05-06-2025
- Business
- Yahoo
LianLian Global partners with BVNK to power stablecoin payments
LianLian Global, a provider of cross-border payment services, has teamed up with South African fintech BVNK to incorporate stablecoin payment capabilities within its network. This initiative aims to benefit merchants operating in over 100 countries, allowing them to utilise major stablecoins for funding cross-border transactions. The integration is expected to reduce settlement times for merchants, from several days to just minutes, stated BVNK. The collaboration merges LianLian Global's merchant network and proficiency in handling local currencies with BVNK's stablecoin infrastructure and auto-conversion technology. Upon receiving stablecoin deposits from merchants, BVNK converts these into USD, which LianLian Global then disburses across its international network. Lianlian Europe CEO Adora Wang stated: 'Stablecoins have emerged as a powerful global settlement tool. By partnering with BVNK, we're meeting growing demand for stablecoin payment rails, helping our customers in ecommerce, marketplaces and other sectors to boost liquidity and execute cross-border payouts in 130 currencies with unprecedented efficiency.' BVNK CEO and co-founder Jesse Hemson Struthers said: 'Stablecoins are reshaping global finance. Through this partnership, LianLian Global's merchants can transform idle digital assets into instant cross-border payment fuel.' BVNK offers a platform that provides stablecoin payment infrastructure via a single API. This platform enables businesses to transmit, receive, exchange, and hold both stablecoins and fiat currencies across various payment systems and blockchains. This follows an alliance between Worldpay and BVNK to offer stablecoin payout capabilities for the former's global customer base. "LianLian Global partners with BVNK to power stablecoin payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Stablecoin Connector BVNK Partners With Chinese Cross-Border Payments Firm LianLian
BVNK, a London-based firm that helps payment service providers (PSPs) use stablecoins, is working with Chinese payments company LianLian and its network of merchants in over 100 countries. The BVNK integration automatically converts merchant stablecoin deposits to USD, which LianLian Global routes through its global network, the companies said on Wednesday. Stablecoins are a fast-growing segment of the payments world, with various estimates about how large this market will become in the coming years, ranging from $1.6 trillion to $3.7 trillion by 2030. BVNK, which raised $50 million of funding late last year, processes over $12 billion of stablecoin transactions annually and works with payments giants like Worldpay and Visa. LianLian, a large Asia PSP working with 130 currencies, said it was using Ripple's cross-border payments technology back in 2022. "Through this partnership, LianLian Global's merchants can transform idle digital assets into instant cross-border payment fuel,' said BVNK CEO Jesse Hemson-Struthers in a statement. 'Together, we're removing technical barriers so businesses worldwide can access these high-speed payment rails and move their money faster than ever before."
Finextra
04-06-2025
- Business
- Finextra
LianLian Global adopts stablecoin payments with BVNK
Chinese cross-border payments platform LianLian Global is to introduce stablecoin payments for its merchant base in collaboration with BVNK. 0 The integration will enable LianLian Global's international merchants across 100+ countries to fund cross-border transactions in minutes rather than days using major stablecoins. Through the partnership, BVNK automatically converts merchant stablecoin deposits to USD, which LianLian Global routes through its global network. The deal follows recent partnerships struck by BVNK with Worldpay and investment from Visa. The company currently processes $14.5 billion in annualised stablecoin volume for providers including Worldpay and Deel. Adora Wang, chief executive officer, Lianlian Europe, says: 'Stablecoins have emerged as a powerful global settlement tool. By partnering with BVNK, we're meeting growing demand for stablecoin payment rails, helping our customers in ecommerce, marketplaces and other sectors to boost liquidity and execute cross-border payouts in 130 currencies. We selected BVNK for their proven experience serving global payment service providers, extensive banking relationships, and comprehensive multi-stablecoin offering that gives our customers maximum flexibility.'
