LianLian Global Reveals New Cross-Border Supplier Commitment FXCompared.com

Joe Baker

Senior Writer

Joe is a senior writer working on reports, news and analysis. Previously, he worked as a B2B copywriter, journalist and editor covering a wide range of topics including technology, transportation,… Read more

  • LianLian Global has confirmed the launch of a new global supplier guarantee designed to improve the quality of payment services.
  • Thanks to this system, users can be sure that the money they have transferred has been sent to the right place.
  • “We have invested in an end-to-end solution and own all our payment licenses, to remove all intermediaries and correspondent banks from the transaction process,” said a senior official at LianLian Global.

LianLian Global, an operator in the field of international money transfers, has confirmed the launch of a new global supplier guarantee as part of an effort to facilitate the payment process in a major market.

The firm specifies that the new offer will apply in particular to China, and was designed to improve the quality of payment services.

The company’s offering sees a guarantee added to the company’s digital wallet offering.

Thanks to this system, users can be sure that the money they have transferred has been sent to the right place.

According to press reports, this is the first guarantee of this type offered on the market.

LianLian Global was established in 2004 and is notorious for not employing what is often referred to in the industry as “middlemen”.

There is no correspondent banking involved in its workflow and costs are, therefore, reduced.

“LianLian Global has years of experience, deep domain knowledge and technology assets and capabilities in China,” said David Messenger, Executive Chairman of LianLian Global.

“This makes us the perfect partner to help international businesses and online sellers manage payment risk when dealing with business partners in the country.

“We have invested in an end-to-end solution and own all our payment licenses, to remove all intermediaries and correspondent banks from the transaction process,” he said.

“This ownership enables LianLian Global to offer the world’s first cross-border payments guarantee to China at unmatched speeds and extremely competitive prices.”

The fast money transfer space is essential for people and businesses looking to transfer across borders. Why not visit our Money Transfers section for more details on what the industry can do for you, including finding you a new provider.

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