Thunes powers LianLian Global’s new payment service

Singapore-based payments company Thunes on Wednesday welcomed LianLian Global, a Chinese cross-border e-commerce payment service provider, to its global network.

Thunes said in a statement that the Chinese payments company is offering a new solution, LianLian Global Payout Service (LGPS), which leverages Thunes’ fully compliant payment network to facilitate withdrawals to digital wallets and bank accounts in over 130 countries.

The company said the collaboration is a testament to Thunes’ commitment to supporting the development of Chinese e-commerce and simplifying cross-border payments worldwide.

It should be noted that LGPS solves the problems associated with traditional cross-border payments, such as high costs, long processing times and complicated procedures.

By joining Thunes Global Network, LianLian Global offers a transparent, efficient, secure and real-time payment solution for cross-border Payment Service Providers (PSPs), banks and other licensed financial institutions.

Through this partnership, more than a million Chinese businesses will be able to send payments to more than 3 billion digital wallet accounts and 4 billion bank accounts in over 130 countries, in over 80 currencies.

“LianLian Global is a highly respected leader in cross-border e-commerce and we are pleased to partner with them to provide the fastest, most transparent and fully compliant global payment solutions in the industry to 1 million merchants in China,” said Floris de Kort, CEO of Thunes.

Shen Enguang, co-CEO of LianLian Global, added that the company is committed to building a digital payment network that will help enterprises expand globally.

“By introducing the LianLian Global Payout Service with the support of our trusted partner, Thunes, we want to increase the efficiency of cross-border payments and create new opportunities in international trade, and in particular support the dynamic growth of Chinese enterprises in the global market,” he added.

Thunes is a global payments company enabling businesses to move money in real time.

The company enables payments in over 80 currencies across 130 countries using local payment methods, including 120 mobile wallets such as PayPal, M-Pesa and Airtel, to gig economy giants like Uber and Deliveroo, super apps like Grab and WeChat, IMTOs, fintechs, payment service providers and banks.

Thunes is headquartered in Singapore and has offices in 13 locations including Barcelona, ​​Beijing, Dubai, London, Manila, Nairobi, Paris, San Francisco and Sao Paulo.

LianLian Global, as the main brand of Lianlian Digitech, is an enterprise operating in the cross-border finance and services industry in China.

Together with green industry partners, the company has established a comprehensive cross-border trade service platform that integrates store opening assistance, global fundraising, global sourcing, global payout, LianLian FX, LianLian financial services platform, tax refund assistance and other services to support Chinese brands in expanding overseas markets.

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