- LianLian Global has confirmed that it will launch a new multiple-currency payments wallet in the US after it was given the green light to operate across the country by regulators.
- A range of marketplaces will be on the list set to benefit from the new service, including Allegro and Amazon.
- “We are delighted to have launched our fully-licensed Cross-Border Wallet in the United States, and see the positive response from US businesses,” said a senior spokesperson for LianLian Global.
LianLian Global, a provider of international cross-border payments services, has announced that it will provide a multi-currency cross-border wallet to ecommerce businesses in the US.
The firm has been given licences to provide its services in all 50 states.
The new move is aimed at giving cross-border payments increased speed and accessibility.
It also aims to bring down the cost of making bank transfers compared to the traditional methods used by sellers and merchants.
A range of marketplaces are expected to benefit from the new move, including Amazon, Cdiscount, Fruugo, Allegro and Kaufland.de.
Users of LianLian Global will not have to pay for an annual fee to cover the service.
In some nations, meanwhile, they will also not have to pay to open an account.
These countries are expected to include the US, China and the UK.
“We are delighted to have launched our fully-licensed Cross-Border Wallet in the United States, and see the positive response from US businesses,” said David Messenger, the executive chairman of LianLian Global.
“This is an evolution of our globally trusted platform that our customers around the world have come to rely on.
"Our new cross-border wallet helps businesses of all sizes grow, by making it easy to manage multiple currencies on a single platform and do foreign exchange (FX) conversion at fair and transparent rates,” he said.
“Our aim is to help our U.S. customers better navigate the complexity of cross-border payments and the volatility of FX.”
In a statement, a senior figure at US-based seller Italic said that the new platform can help secure its supply chain networks across the world.
“With the new platform, we can secure our supply chain networks in China and other parts of the world because the digital wallet ensures we can make and receive payments quickly, efficiently and safely,” said Jeremy Cai, the founder of Italic.
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