Thredd has announced the successful launch of LianLian Global’s virtual card programme in the APAC market. Lianlian Global is a cross-border payments company based in China. They specialise in delivering cross-border funds settlement services with instant payouts and frictionless customer experience.
LianLian Global have selected Thredd to power their Yueda virtual card product used by customers in a broad range of industries including e-commerce, international B2B trade and travel.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFor these customers, the Thredd partnership supports the management of their international operations with the speed, security, transparency and simplicity of global fund transfers via card payment rails.
Thredd has a clear roadmap for geographic expansion with LianLian Global over the next 12 months
Tim Shen, Co-CEO, LianLian Global said: “Utilising Thredd’s virtual card issuing capabilities we will be able to deliver on our ambitious growth plans for 2024 and beyond. We have already secured payments licences covering eight major markets including mainland China, Hong Kong China, Singapore, the US, the UK, Luxembourg, Thailand, and Indonesia. We are delighted to find a partner in Thredd who can support us with virtual cards that will ensure that no matter where a client needs to send a payment, it will be supported. Access to a local team of experts who speak our language has made the implementation and ongoing operations seamless.”
Jim McCarthy, CEO, Thredd responded: “We are pleased to support the growth of one of Hong Kong’s leading payments businesses, ensuing that LianLian Global customers’ B2B payments flow smoothly regardless of geography or currency. It was an honour to be able to meet their wider team recently in Hangzhou and experience first-hand how our solutions are helping to overcome the challenges associated with cross-border payments in the region.”
This news comes following the recent announcement of Thredd’s partnership with TerraPay to support virtual card payments for the travel industry.
