Weekly Newsletter

10 July 2024

Weekly Newsletter

10 July 2024

LianLian Global joins the Thunes Global Network

The LianLian Global Payout Service uses Thunes' payment network to facilitate payouts to digital wallets and bank accounts in over 130 countries

Robert Prendergast July 10 2024

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.

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.”

Shen 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.”

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