Lianlian Yintong Electronic Payment Co., Ltd. (hereinafter referred to as Lianlian Payment) was established in 2003 and is a wholly-owned subsidiary of Lianlian Group. Its business covers nationwide Internet payment and mobile phone payment services.

1. In November 2013, Lianlian Pay cooperated with Bank of China Yiwu Branch to carry out cross-border RMB receipts and payments business, and demonstrated its cross-border RMB payment services to the society at the China International E-Commerce Expo in April 2014. Overseas business products—global exchange and global payment.

1. Global Exchange: Mainly provides foreign currency settlement and purchase services. Currently, it supports all 14 settlement currencies. In addition to mainstream international currencies such as the United States, Britain, Japan, and Canada, it also supports foreign currency settlement in small currencies such as the Thai baht and Taiwan dollars, effectively solving the fund exchange problems of domestic and foreign merchants, especially in Southeast Asia. In addition, Global Exchange can also solve the problem of personal limit of 50,000 US dollars (trading background required), and provide good service support for small and medium-sized cross-border e-commerce sellers. Currently it is in a leading position among similar products in the foreign exchange market.

2. Global payment: In addition to supporting international general foreign card payment channels such as VISA, MASTERCARD, JCB, etc., it also supports local payment companies such as QIWI and Ebanx in Russia, Brazil and other countries that have close ties with China's economic and trade development. cooperation. Effectively improve the success rate of overseas payments, help Chinese companies expand overseas markets, and achieve global fund collection.

3. Lianlian uses global exchange and global payment as its foreign exchange business support system, and cooperates with domestic RMB cashier services to complete payment, foreign exchange purchase, foreign exchange payment, declaration and other fund processing processes, providing domestic and foreign merchants with China One-stop funding solution for the market. It has now established close cooperative relationships with benchmark industry merchants such as European OTA groups and cross-border e-commerce, helping merchants achieve business growth in China and has been widely praised.

Extended information

Electronic payment refers to the use of secure electronic means between consumers, merchants and financial institutions to securely transmit payment information to banks or corresponding processing institutions through information networks. The behavior used to realize monetary payment or capital flow.

In the 1990s, the international Internet rapidly became popularized, gradually moving from universities and scientific research institutions to enterprises and households. Its function also evolved from information sharing to a popular means of information dissemination, and business Trade activities gradually entered the kingdom.

By using the Internet, costs have been reduced and more business opportunities have been created. As a result, e-commerce technology has developed, making it gradually become the biggest hot spot in Internet applications. In order to adapt to the market trend of e-commerce, electronic payment has developed accordingly.

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