Open an Account at LianLian Payment System

LianLian DigiTech Co., Ltd. (LianLian for short) was founded in 2009 in Hangzhou, Zhejiang Province, China. In 2024, the company entered the Hong Kong Stock Exchange (HKEX), which emphasized its status as a major international fintech provider.

Initially, LianLian specialized in local payment solutions in China, but since 2016 it has been actively expanding internationally, including opening an office in Hong Kong. In 2020, the company, together with American Express, created LianTong, which received a license for bank card clearing - this was the first such project in China. LianLian subsequently received a European license as an electronic monetary institution (EMI) in Luxembourg and permission to work with virtual assets in Hong Kong.

Main services and capabilities

LianLian offers a wide range of digital financial solutions for businesses and individuals:

• International and local payments (receiving and sending funds);
• Online payment acquiring and integration;
• Multi-currency wallets and virtual accounts with API access;
• Issuing virtual Visa and Mastercard cards;
• E-commerce services (LianLian Global): accepting payments on marketplaces, fast international settlements, currency conversion;
• LGAS (Global Accounts Service) platform — a single account for managing multi-currency funds;
• LGPS (Global Payout Service) service — an API solution for mass international payments;
• Additional solutions: marketing, technological support, insurance and credit products.

Licenses, geography and statistics

Today, LianLian has more than 65 licenses and permits in various jurisdictions, including licenses in the EU, USA and Asia. The company supports over 130 currencies and operates in over 100 countries and regions.

The transaction volume in 2022-2024 exceeded 3.3 trillion yuan, and the number of customers reached nearly 6 million worldwide.

Partners and customers

LianLian's key partners are American Express, Thunes, Guavapay, as well as major international banks, including Citibank, Deutsche Bank, DBS and JP Morgan Chase.

The customer base includes millions of users around the world: from individual entrepreneurs and online store owners to large corporations and payment systems. The platform is especially popular among sellers on international marketplaces who need fast and inexpensive payments in different currencies.

Required documents for opening an account

To open a corporate account with LianLian, you will need:

• the company's constituent documents (charter, registration certificate, certificate of incorporation);
• tax document with identification number (e.g. EIN);
• if necessary — partnership agreement or certificate of good standing.
• All documents undergo verification procedure within the framework of KYC and AML standards.

Result

LianLian DigiTech is a leading Chinese payment platform that has become a global player in the fintech services market in a decade and a half. It provides solutions for businesses and individuals, supports e-commerce, ensures multi-currency payments and issues virtual cards.

If you want to open an account with LianLian or connect its solutions for your business, IT-OFFSHORE is ready to provide full support: from document preparation to successful launch and integration of services.