LianLian YinTong Electronic Payment Co., Ltd. (hereinafter referred to as “LianLian Payment”) is a professional third-party payment institution and a leading industry payment solution provider in China. The company was established in Hangzhou Hi-Tech Zone in 2003 with a registered capital of RMB 325 million and is a wholly-owned subsidiary of LianLian Group. LianLian Payment is one of the first strategic partners of China (Hangzhou) Cross-border E-commerce Comprehensive Pilot Zone.
LianLian Payment obtained the “Payment Business License” issued by the People’s Bank of China on August 29, 2011. The business types are Internet payment and mobile phone payment, covering the whole country, and completed the renewal of the payment business license on August 29, 2016. At the same time, the company obtained the license from the Hangzhou Central Branch of the People’s Bank of China on January 12, 2015 to officially carry out e-commerce cross-border RMB settlement business, and obtained the license from the Zhejiang Branch of the State Administration of Foreign Exchange on February 13, 2015 to officially carry out cross-border foreign exchange payment business.
Based on the current situation of rapid development of cross-border trade and mobile payment, in order to meet the increasing collection/payment needs of various businesses in the transaction process, LianLian Pay has created a global payment solution with cross-border payment, mobile payment, O20 payment, and big data risk control as the core business, which greatly shortens the capital exchange cycle of cross-border trade merchants, improves the currency processing efficiency of global trade companies, and promotes the further improvement of the Internet transaction industry.