Thredd Launches LianLian Global’s Virtual Card Programme
LianLian Global have selected Thredd to power their Yueda virtual card product used by customers in a broad range of industries including ecommerce, international B2B trade and travel.
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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 ecommerce, international B2B trade and travel.
For 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.
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, ensuring 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.
