Basic Introduction

LianLian Cross-border Payment is affiliated to LianLian YinTong Electronic Payment Co., Ltd. LianLian YinTong Electronic Payment Co., Ltd. was established in 2003 with a registered capital of RMB 325 million. It is a leading independent third-party payment company in China, a national key software enterprise, and a national high-tech enterprise. LianLian has established overseas licensed financial companies in many countries and regions including Europe, America, and Asia, and has reached cooperation with many well-known financial institutions and e-commerce platforms around the world. It has successfully connected with 11 domestic electronic ports and supports 16 mainstream settlement currencies around the world. The global cross-border payment service network is gradually taking shape.

introduce

Support: Support accounts in four currencies: USD, EUR, GBP and JPY

LianLian Pay currently supports quick payment with debit and credit cards from 182 banks, and can meet the payment needs of different cardholders.

Registration Information

Email and mobile phone number

Enterprise real-name security authentication information:

1. A photocopy of the company's business license (must be a scanned copy or digital photo of the original),

2. A photocopy of the legal representative's ID card (front and back),

3. Information of shareholders of the enterprise (except the legal person). If there are shareholders, please upload it truthfully. If there are no shareholders, you do not need to upload it. This includes the business license of the enterprise and the front and back of the ID card.

Cross-border payments

1. Introduction

In 2017, LianLian Pay officially launched its cross-border payment product, aiming to solve the pain points of long cross-border payment capital chain and high payment prices in the cross-border payment field, and help cross-border e-commerce sellers to collect accounts safely and efficiently. It has realized Amazon's full-currency payment including six currencies: US dollar, Japanese yen, euro, British pound, Australian dollar and Canadian dollar. Through one account, it covers multiple accounts of major overseas mainstream e-commerce platforms such as Amazon, eBay, Wish, Cdiscount, Rakuten France, Rakuten Germany, etc., and supports VAT payments in seven countries including the United Kingdom, Germany, France, Italy, Spain, the Czech Republic and Poland.

2. Supported currencies

Multi-currency payment: USD, EUR, GBP, JPY, AUD, CAD, SGD, IDR, HKD

3. Product Advantages

1. Safe and reliable payment

Funds are deposited in the customer fund special account of the Bank for International Settlements, and are protected by domestic and foreign financial regulatory agencies and banks. It has a world-class security computer room and has obtained PCI-DSS and ISO27001/ISO20000 international information security management system dual certification.

2. Compliance and transparency in operations

Complete fund transfer within the free system, with a true full license for payment collection.

3. Real exchange rate, what you see is what you get

Directly connect to the bank, synchronize the latest exchange rate in real time, lock the exchange rate in real time, predict the actual amount to be received, and truly achieve zero exchange loss.

4. Lightning payment to your account

RMB withdrawals take only 5 minutes to arrive, and the fastest time is 2 seconds, supporting more than 200 domestic bank channels.

5. Multi-site and multi-currency payment collection

North America, Europe, UK, Japan, Australia, Canada.

6. Unified management of multiple platforms and multiple stores

One account can easily handle fund management of multiple platforms, multiple currencies and multiple stores.

7. Payment

VAT payment: supports direct payment in 7 European countries, and the payment will be received on the same day at the earliest.

Payments to suppliers at home and abroad: truly realize the integration of collection and payment, and make capital turnover more efficient.

Safety

Possess three licenses: payment business license, cross-border RMB payment business license, and cross-border foreign exchange payment business license;

In terms of payment security, LianLian Pay has established a basic authentication and risk control system, using security attack and defense channels and security tools including anti-phishing, data encryption links, dynamic passwords, security controls, and PCI security certification to ensure the security of user accounts and platform funds.

Awards

LianLian Pay won the Most Growth Value Award at the 2015 China Financial Summit.

history

It was established in Hangzhou Hi-Tech Zone in 2003 with a registered capital of RMB 325 million and is a national high-tech enterprise.

On August 29, 2011, it obtained the "Payment Business License" issued by the People's Bank of China. Its business types are Internet payment and mobile phone payment, and its coverage is nationwide.

In November 2013, LianLian Pay obtained approval from the central bank to carry out cross-border RMB payment and receipts business.

On January 12, 2015, it obtained permission from the Hangzhou Branch of the People's Bank of China to carry out cross-border RMB settlement business for e-commerce.

On February 13, 2015, it obtained permission from the Zhejiang Branch of the State Administration of Foreign Exchange to conduct cross-border foreign exchange payment business

On July 30, 2015, the company obtained permission from the China Securities Regulatory Commission to serve as a fund sales payment and settlement institution.

In April 2016, it was elected as a director unit of the China Payment and Clearing Association

In August, the People's Bank of China's Payment Business License was successfully renewed

In January 2017, LianLian Pay’s cumulative number of service users exceeded 100 million.

In August, it was rated as a national key software enterprise

In December, it obtained the Level 3 Information Security Certification from the Ministry of Public Security

In March 2018, it was elected as the executive director unit of the China Payment and Clearing Association

In June, LianLian Pay was awarded the ISO27001/ISO20000 dual international certification

In June, the cumulative transaction volume of LianLian Pay exceeded 2 trillion yuan

In June, LianLian Pay’s cross-border business transaction volume exceeded 20 billion yuan in half a year

In August, it was once again rated as a national key software enterprise

In September 2018, LianLian Pay's parent company announced that it had received a total of nearly 5 billion yuan in financing from Everbright Industrial, Zhejiang Cyber ​​​​Logistics, Sequoia Capital China Fund, and Boyu Capital that year.

References

• 1. What is LianLian Pay? LianLian Pay Introduction & Function Detailed Explanation: Sohu [Reference Date 2019-06-28T16:00:00.000Z]
• 2. LianLian Pay CEO Pan Guodong: Building the "Intel" in the field of enterprise-level payments: Baidu [cited on 2018-06-30T16:00:00.000Z]