First Global Data, LianLian Pay launch co-branded remittance service
Fintech provider First Global Data has partnered with LianLian Pay to roll out a co-branded remittance service that will allow Chinese living in the US and Canada to make person to person money transfers to China.
Under the partnership, the two companies will launch a social messaging payments and remittance service using the social media messaging platform WeChat.
First Global Data chairman and CEO Andre Itwaru said: "This co-branded social messaging payments/remittance service is a vivid example of the adaptability and relevance of our FINTECH technology.
“This collaboration changes the game for First Global in that the penetration of such a large user base with a clear and distinct monetization strategy will create an exponential transactional, recurring revenue pathway.”
LianLian Pay COO and global strategy and business development of cross border payments head Ken Zheng said: "You don't have to be personally in China to sense the ubiquity of a social messaging platform's penetration. With big enough market demand and Lianlian's proven capability in China, we look to deliver a superior user-oriented product that defines game-changing industry disruption.”
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