Thunes, the Singapore-based payment firm, has on Wednesday welcomed LianLian Global, a Chinese e-commerce cross-border payment service provider, to the Thunes Global Network.

Thunes said in a statement that 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.

It said this collaboration demonstrates Thunes’ commitment to support the growth of Chinese e-commerce and simplify cross-border payments internationally.

It is noted that 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 licensed financial institutions.

Due to 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.

“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,” said Floris de Kort, Chief Executive Officer of Thunes.

Shen Enguang, Co-Chief Executive Officer of LianLian Global, added they 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,” he added.

Thunes is a global payment firm enabling businesses to move money in real-time.

The firm facilitates payments in more than 80 currencies across 130 countries, using local payment methods, including 120 mobile wallets like PayPal, M-Pesa and Airtel, for gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, IMTOs, Fintechs, PSPs and banks.

Headquartered in Singapore, Thunes has a presence in 13 locations, including Barcelona, Beijing, Dubai, London, Manila, Nairobi, Paris, San Francisco and Sao Paulo.

LianLian Global, as a core brand of Lianlian Digitech, is an enterprise in cross-border finance and services in China.

The firm, together with industry eco-partners, has created a one-stop cross-border trade service platform that integrates store opening assistance, global funds collection, global acquiring, global payout, LianLian FX, LianLian financing service platform, tax refund assistance and other services to support Chinese brands expand their overseas markets.

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