For the third consecutive year, global digital payment company Lianlian DigiTech, and its brand LianLian Global, participated in the Singapore FinTech Festival, offering audiences an in-depth insight into their digital payment services. The company’s display was split between two booths, positioned in Halls 3 and 4.
With ongoing technological shifts and industrial change accelerating the reshaping of the global trade scene, Lianlian DigiTech has seized the opportunity by aligning closely with market dynamics and customer needs. Besides significant markets such as Europe and America, the company is also actively expanding into up-and-coming regions like Southeast Asia, Latin America, and the Middle East.
Lianlian DigiTech has successfully obtained local payment licenses in various countries and established localized service teams to provide tailored payment solutions for different kinds of businesses. As of June 2024, the company held 65 payment licenses and had established 16 overseas offices across nine countries and regions.
In particular, Singapore has emerged as a key strategic location for Lianlian DigiTech. From its establishment in Singapore in 2018, the company has used the city-state as a springboard to reach other Southeast Asian markets. Notably, its Singaporean subsidiary, STARLINK, recently acquired a major payment institution license from the Monetary Authority of Singapore.
Going forward, Lianlian aims to further leverage its licensing advantages to build comprehensive payment solutions for Chinese businesses and local Southeast Asian enterprises. Working in tandem with advancements in big data, artificial intelligence, and blockchain technologies, the company confidently predicts greater inclusivity in the financial service sector.
Besides offering a suite of innovative products to clients from various sectors, Lianlian has developed the Smart Payment product matrix. The matrix includes the Global Payout Service (LGPS) and the Global Accounts Service (LGAS), which is designed to support the multicurrency needs of businesses in multiple regions. It has already seen globally recognized institutions integrating these services, demonstrating their broad appeal.
As part of its ongoing strategy, Lianlian will continue to build a more integrated payment ecosystem. Through collaborations with major banks, card organizations, and other stakeholders, the company aims to provide swift, secure, and cost-effective payment solutions for international trade, aiding more enterprises as they navigate the world of digital commerce.