Lianlian DigiTech, an international digital payments firm, has enthusiastically showcased its achievements and plans at the Singapore FinTech Festival. The company had two booths, representing both its parent brand and its subsidiary, LianLian Global. This marks the firm’s third consecutive participation in this renowned global event.
As a key player in the changing global trade landscape, Lianlian DigiTech has been tracking market trends and customer needs while advancing its globalization strategy. The company is growing its foothold in mature markets like Europe and America, and exploring opportunities in emerging markets facilitated by initiatives like the Belt and Road and RCEP.
By acquiring local payment licenses and setting up localized service teams, Lianlian DigiTech tailors payment solutions to suit different businesses. Presently, the company holds 65 payment licenses in key markets including mainland China, Hong Kong, Singapore, the United States, the United Kingdom, Thailand, and Indonesia. It operates 16 overseas offices in nine countries.
Since its establishment in 2018, the Singapore branch of the company has served as a strategic hub for expansion into Southeast Asia, where it has also established subsidiaries. The Monetary Authority of Singapore granted a major payment institution license to Lianlian’s Singapore subsidiary, STARLINK, in 2021. This license underpins the company’s operations in Southeast Asia.
Amid technological advancements in big data, artificial intelligence, and blockchain, Lianlian DigiTech is aiming to create a more inclusive financial service system. Already, it has crafted the Smart Payment product matrix, empowering overseas financial establishments to make payments to China and other regions through a unified API.
The company is on a mission to build a more integrated payment ecosystem through collaborations with major banks, card organizations, and other stakeholders. This will provide fast, secure and cost-effective payment solutions for international trade, ultimately benefiting more businesses globally.