Thunes, a prominent Singapore-based payment firm, has announced a strategic partnership with LianLian Global, a Chinese e-commerce cross-border payment service provider. This collaboration integrates LianLian Global into the Thunes Global Network, aiming to streamline and enhance international payment solutions.
In an official statement, Thunes highlighted that LianLian Global is introducing the LianLian Global Payout Service (LGPS), leveraging Thunes’ compliant payment network to facilitate payouts to digital wallets and bank accounts across more than 130 countries. This initiative underscores Thunes’ dedication to supporting the expansion of Chinese e-commerce and simplifying cross-border transactions on a global scale.
The LGPS addresses common issues associated with traditional cross-border payments, such as high costs, slow processing times, and complex procedures. By joining forces with Thunes, LianLian Global offers a transparent, efficient, real-time, and secure payment solution for payment service providers (PSPs), banks, and other licensed financial institutions.
This partnership enables over 1 million Chinese businesses to send payments to more than 3 billion digital wallet accounts and 4 billion bank accounts in over 130 countries, encompassing more than 80 currencies.
“LianLian Global is a highly respected leader in cross-border e-commerce, and we are pleased to partner with them to deliver the fastest, most transparent, and fully compliant global payment solutions to 1 million merchants in China,” stated Floris de Kort, Chief Executive Officer of Thunes.
Shen Enguang, Co-Chief Executive Officer of LianLian Global, added, “We are dedicated to building a digital payment network that facilitates global enterprise expansion. With the launch of LianLian Global Payout Service and the support of our trusted partner, Thunes, we aim to enhance cross-border payment efficiency and create new opportunities in international trade, particularly supporting the dynamic growth of Chinese businesses in the global market.”
Thunes operates as a global payment firm enabling real-time money transfers. The company supports transactions in over 80 currencies across 130 countries, utilizing various local payment methods, including 120 mobile wallets like PayPal, M-Pesa, and Airtel. Thunes caters to a diverse clientele, including gig economy giants such as Uber and Deliveroo, super-apps like Grab and WeChat, international money transfer operators (IMTOs), fintechs, PSPs, and banks. Headquartered in Singapore, Thunes maintains a presence in 13 locations worldwide, including Barcelona, Beijing, Dubai, London, Manila, Nairobi, Paris, San Francisco, and São Paulo.
LianLian Global, a key brand under LianLian Digitech, excels in cross-border finance and services in China. Collaborating with industry partners, the company offers a comprehensive cross-border trade service platform. This platform integrates store opening assistance, global funds collection, global acquiring, global payout, LianLian FX, financing services, tax refund assistance, and other services to support the international expansion of Chinese brands.
Disclaimer: The information in this article is for general purposes only and does not constitute professional advice.
