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Recently, LianLian Global, a brand under LianLian Digital, announced a partnership with Thredd, a leading global payment processor. LianLian Global chose Thredd to support its virtual card product (Vietnam Card), thereby helping customers manage international business more easily and achieve more efficient, transparent, secure and low-cost transactions around the world.

LianLian International is a leading cross-border payment company headquartered in Hangzhou, China, focusing on providing cross-border fund settlement services and creating a seamless, efficient and secure payment experience. Yueda Card is a virtual credit card launched by LianLian International in cooperation with a world-renowned card group institution. It supports multi-card and multi-currency settlement and can meet various payment needs such as cross-border e-commerce, foreign trade B2B, studying abroad, and traveling abroad.

Thredd is a "next-generation" payment platform that serves leading fintech companies, digital banks and embedded finance providers in the UK, Europe, Asia, the Middle East and North America. It mainly provides reliable digital payment processing capabilities, including real-time, customized card management tools, reports and world-class fraud prevention technology. It has obtained Visa and Mastercard certification and supports debit, prepaid and credit card programs. It has been facilitating the business operations of modern payment issuers since 2007.

Shen Enguang, co-CEO of LianLian International, said that currently, more and more companies are going global to conduct global operations, and the demand for seamless, efficient and secure payment solutions has also increased dramatically; LianLian, as a professional cross-border payment institution, is committed to meeting these growing and changing needs. Through the cooperation between the two parties, LianLian's powerful technology, mature payment service experience, and licensed advantages will be combined with Thredd's advanced card issuance and payment processing technology to better meet customers' use of virtual cards for international payments and enable merchants to expand into the global market.

Thredd CEO Jim McCarthy said, "We met with the LianLian team in Hangzhou earlier this year and gained a deep understanding of how LianLian's unique and outstanding solutions can help cross-border enterprises overcome challenges related to cross-border payments. We are very pleased to cooperate with LianLian on the virtual card project and look forward to working together to bring a new experience for the efficient and smooth flow of funds for cross-border customers."

(Source: Financial Information)

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