COPENHAGEN, Denmark, April 11, 2016 /PRNewswire/ -- On April 4th 2016, Money 20/20 Europe opened in Copenhagen, Denmark, attracting payment companies, start-ups and giants alike all around the world, among which companies from China have become a new source of sensation. Apart from industry leader Alipay, Lianlian Pay has grown to be an up-and-coming market pioneer in mobile payment for the past two years. It has attracted attention with its innovative and eye-catching cross-border payment services.
As the world's largest FinTech event focused on payment and financial services, Money 20/20 attracted more than 3,000 practitioners from 75 countries to its first European four-day event in which more than 500 experts shared their insights and innovations.
Lianlian Pay is one of the first partners of China (Hangzhou) Cross-border E-commerce Comprehensive Pilot Area (the first national-level cross-border e-commerce pilot zone approved by China's State Council).
With Lianlian's service, now sellers on e-commerce marketplaces can collect in 15 currencies and buyers can pay in 19 currencies including not only major ones like USD, GBP, JPY, EUR, AUD and Canadian dollar, but Thai baht and Taiwan dollars. The long-standing challenges for Chinese sellers with high service charges, excruciating collection period and complicated FX regulatory filing process have been well addressed. After one year's trial and endeavor, Lianlian Pay has formed strategic cooperation with a number of top financial institutions and industry leaders worldwide. With PayPal, Lianlian Pay launched its RMB withdrawal service at the end of last year by improving transparency and cost-effectiveness and shortening the process from more than 10 days to merely 2 to 3 days. In its signature roll-out, Apple Pay chose Lianlian Pay to be one of its first PSP launch partners in China. Lianlian also provides exclusive China Union Pay (CUP) cards acquiring service for the world's largest mobile transportation network company.
By partnering with WorldFirst, Lianlian helps Chinese sellers on global e-commerce giants like Amazon, Priceminister and ebay to complete FX regulatory filing and instant RMB deposit directly into local beneficiary accounts. The recognition comes in the form of trust from strong partners. Lianlian Pay has proven itself to be one of the best choices as a payment partner for companies aspiring to go global with its relentless pursuit of innovation and exceptional international business development capabilities.
SOURCE Lianlian Pay