Thunes has added LianLian Global, a Chinese e-commerce cross-border payment service provider, to the Thunes Global Network.
The Chinese payment company is offering a new solution, the LianLian Global Payout Service (LGPS), that leverages Thunes’ fully compliant payment network to facilitate payouts to digital wallets and bank accounts in over 130 countries.
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Thunes is a global payment company enabling businesses to move money in real-time and in full transparency.
The collaboration shows Thunes’ support towards the growth of Chinese e-commerce and simplifying cross-border payments
LGPS addresses the challenges of traditional cross-border payments, such as high costs, slow processing times and complex procedures. By joining the Thunes Global Network, LianLian Global offers a transparent, efficient, real-time and secure payment solution for cross-border payment service providers (PSPs), banks and other licenced financial institutions.
Due to this partnership, over 1 million Chinese businesses will be able to send payments to over 3 billion digital wallet accounts and 4 billion bank accounts in over 130 countries in more than 80 currencies.
Floris de Kort, CEO of Thunes, said: “We welcome LianLian Global to the Thunes Global Network with direct, real-time connectivity to 3 billion digital wallets and 4 billion bank accounts around the world. LianLian Global is a highly respected leader in cross-border e-Commerce, and we are happy 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.”
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By GlobalDataShen Enguang, co-CEO of LianLian Global, added: “We are committed to building a digital payment network that helps enterprises expand globally. As we launch LianLian Global Payout Service with 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.”
