Thredd advances LianLian Global’s ambitious growth plans.

• LianLian Global has announced its expansion plans into the UK, EU and U.S.
• Thredd is currently processing over 200,000 LianLian Global Visa transactions/month in Hong Kong
• The teams recently formalised their plans to grow together at Hangzhou’s headquarters

London, 8^th August 2024 – Thredd, a leading global payments processor, announces the successful launch of LianLian Global’s virtual card program in the APAC market. LianLian Global is a leading 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. For these customers, the Thredd partnership supports effortless management of their international operations with the speed, security, transparency and simplicity of global fund transfers via card payment rails.  

Thredd is pleased to announce a successful programme launch and 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 including mainland China,  China, Singapore, the U.S., the U.K., 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. In addition to Thredd’s growing presence in the APAC market, they have also recently launched in the U.S. with their second U.S. client, Spendbase, due to go live in Q4 of this year.