Servizi
LianLian Global Showcases LGPS Solution at Singapore FinTech Festival
At its booth, LianLian Global is featuring the LianLian Global Payout Service (LGPS), an advanced infrastructure solution that empowers cross-border payment service providers (PSPs), banks and other licensed financial institutions to deliver global payment services. Through a single API integration, LGPS enables payments to China and other global destinations, delivering a seamless experience characterized by greater transparency, security, efficiency, and traceability.
In recent years, Singapore has become a recognized and dynamic global financial hub, serving as a cornerstone of Lianlian DigiTech's expansion in the Southeast Asia market.
In 2018, Lianlian DigiTech established its Singapore entity as a regional hub, using it as a strategic base to launch operations in Thailand , Indonesia , and Vietnam through local entities. In September 2021 , its Singapore subsidiary STARLINK received a Major Payment Institution license from the Monetary Authority of Singapore , further strengthening its regulatory standing in the region.
In 2019, LianLian Thailand secured two licenses from the Bank of
Thailand under the Payment Systems Act—one covering card-payment services and another covering acquiring, payment-facilitation, and receipt-of-funds-on-behalf services. Since then, LianLian Thailand has established comprehensive local payment infrastructure by integrating domestic card schemes, banking channels, e-wallets, and international wallet gateways. This enabled the launch of a full suite of solutions, including in-store merchant acquiring, online standalone-store/app acquiring, and disbursement services in response to the payment needs of domestic and international businesses.
In September 2021 , LianLian Global launched its collection service in
Vietnam , collaborating with local financial institutions to provide compliant, streamlined, and efficient cross-border collection services for Vietnamese cross-border e-commerce sellers. In
September 2022 , LianLian Global introduced its payment acceptance service for Vietnamese merchants to address the acquiring challenges facing local cross-border sellers with a comprehensive solution that integrates international card-payment acceptance and payment channels.
View original content:https://www.prnewswire.co.uk/news-releases/lianlian-global-showcases-lgps-solution-at-singapore-fintech-festival-302615154.html